REC Silicon’s sales increase following higher Q2 demand and ASPs

Facebook
Twitter
LinkedIn
Reddit
Email

Polysilicon producer, REC Silicon, reported second quarter revenues of US$126.8 million, compared to US$113.3 million in the previous quarter, due to higher demand for FBR-based granular polysilicon and a 4% increase in selling prices.

The company reported an operating profit of US$24.6 million in the second quarter, compared to a loss of US$49.7 million in the previous quarter. The improved result led to a silicon segment EBITDA of US$33.1 million.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Polysilicon production increased 10% in the quarter to 4,375MT on the back of a sales increase of 2%.

FBR-based polysilicon cash cost continued to be impacted by the planned outage of Silane III plant and the increased inspections, and was reported to be US$14.30/kg in the second quarter.

REC Silicon also benefited from increased silicon gas sales volumes with silane prices actually increasing 5% in the quarter.

“Strong second quarter EBITDA demonstrates the strengthening demand for granular polysilicon and silicon gases in the market,” said Tore Torvund, CEO of REC Silicon.  “During the quarter, we successfully completed the five-year inspection programme in Silane III. Although these outages resulted in higher cost during the first half of 2014, we have completed the planned outages and will operate at full capacity for the remainder of the year.”

Guidance

REC Silicon said that it expected polysilicon production of about 5,000MT in the third quarter as no maintenance work was planned on plants. The company noted that it expected annual polysilicon production to be around 800MT higher than previously guided to 18,600MT in 2014. 

FBR-based polysilicon cash cost is expected to decline in the third quarter to US$11.20/kg, due to higher utilisation rates and no outages.

Read Next

September 18, 2025
The capacity of virtual power plants in operation in North America has reached 37.5GW, a 13.7% year-on-year growth, according to Wood Mackenzie.
September 18, 2025
The Canadian Renewable Energy Association (CanREA) has forecast that Canada will add between 17GW and 26GW of solar PV over the next decade.
September 18, 2025
Researchers have called for enhanced international standards to detect ultraviolet-induced degradation (UVID) in PV modules after identifying “severe” levels of the problem in operational n-type panels.             
September 18, 2025
Indian PV makers have welcomed the government’s plan to add solar wafers to its ALMM List-III from June 2028.
September 17, 2025
US renewables developer Longroad Energy has reached financial close for its 400MW 1000 Mile solar project in the US state of Texas.
September 17, 2025
Spanish renewables developer and operator Acciona Energía has commissioned its 412MWp Juna solar PV plant in Kawani village in the western state of Rajasthan. 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA