Stable pricing key to GCL-Poly’s polysilicon profitability

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

Coupled to a much improved supply/demand dynamic major polysilicon producer, GCL-Poly reported strong first half year results, benefiting from high-utilisation rates and stable pricing. 

GCL-Poly produced approximately 32,341MT of polysilicon, an increase of 47.1%, compared to 21,980 MT for the same period in 2013. Annual nameplate polysilicon production capacity was maintained at 65,000MT, according to the company, benefiting from the highest utilisation rates since completing major expansion plans several years ago.

The high utilisation rates helped lower production costs, which were reported to have been lowered by 9.2% to US$15.7/kg, compared to US$17.3/kg in the same period a year ago.

Polysilicon ASPs were reported to have been US$22.1/kg in the first six months of 2014, compared to US$17.0/kg in the year ago period. 

GCL-Poly reported revenue from its solar material business of HK$11,888 million, a 55.5% increase from the prior year period, generating a profit of HK$1,135 million. Sales of polysilicon were KK$1,275 million in the period.

To meet demand, GCL-Poly had recently announced multicrystalline ingot/wafer production had been expanded by 1GW to 12 GW.

Wafer production reached 5,903MW in the period, up 71%, while wafer sales topped 5,776MW, a decrease of 11.9%, compared with the prior year period. 

Benefiting from further ingot/wafer cost reductions such as increased raw material recycling and an in increase in production yield, GCL-Poly said its average non-silicon wafer processing cost declined 16% in the first six months of 2014, to US$0.0970/W. Wafer sales topped HK$10,049 million in the period.

Management noted production of its high-efficiency S3 wafers had been increased to 110 million pieces per month, while its The full-size monocrystalline ingot project was progressing well, with plans to introduce the product in the second half of the year.

28 July 2021
LONGi has launched its Hi-MO N module, the company's first bifacial module with N-type TOPCon cells, designed to deliver ultra- high value and lower LCOE to utility-scale PV power plants. This PV TechTalk Product Series webinar will provide an overview of the module’s technology and how the introduction of n-type technologies will provide efficiency and performance gains for solar project developers.
29 July 2021
This free webinar will explore the ongoing opportunities in the UK solar PV market, looking at global technology trends and how they apply to the UK. Join us for an overview of the project pipeline and forecast for deployment over the coming years. We'll be looking at the types of modules available and being used in the UK and presenting a case study on the deployment of bifacial modules in this market.
19 August 2021
The utility-scale PV market is poised for exponential growth and yet the industry still has many fundamental opportunities to improve on standards and best practice. Tracker shade loss has been one of those topics that deserve more attention, but has been typically handled by derate factors rather than trying to accurately forecast the loss over the life of the system. Join Nextracker’s subject matter experts, Aron Dobos and Neelesh Umachandran, and Rounak Kharait, director of solar energy assessments at DNV, for a webinar about why shade modeling matters and recommendations on what the solar industry should do about it.
25 August 2021
Energy Next is a new industry exhibition focusing on the latest renewable energy and energy efficiency technology, which will be held for the first time in 2021 in Sydney, Australia alongside the Clean Energy Council’s Australian Clean Energy Summit, the peak gathering of leaders driving Australia's energy transformation. Organised by the same people behind Australia’s largest clean energy event, All-Energy Australia, Energy Next will give visitors two days of access to key suppliers in the industry, free-to-attend professional development and industry workshops, and networking opportunities to better understand clean energy issues and solutions and learn about the latest developments in this transformational, dynamic sector.
25 August 2021
The Intersolar Summit Brasil Nordeste takes place in Fortaleza, Brazil. It addresses leading local and international experts on solar power and renewable energy in the region. The Summit’s mission is to provide in-depth education, enable high-quality networking opportunities, expand the use of PV technologies at regional and national level and strengthen the local PV industry. The Intersolar Summit Brasil Nordeste is organized by Intersolar South America - Latin America’s largest exhibition and conference for the solar industry: Solar Promotion International GmbH, Pforzheim, Freiburg Management and Marketing International GmbH (FMMI) and Aranda Eventos & Congressos Ltda, São Paulo as co-organizer.
25 August 2021
Join us to hear directly from the CTOs and heads-of-research from the top-20 cell/wafer producers to the PV industry today. The event will focus on predicting the key metrics underpinning the next big shift to n-type with answers to the key questions: When will the transition to n-type happen? Which companies will be first to 10 GW capacity and production? Who will be the key equipment suppliers for the new production lines? Which n-type process flow/architecture will emerge as the front-runner? What will polysilicon purity and wafer thickness levels look like for optimized n-type manufacturing? What will the upstream poly/wafer supply-chain look like in 5 years from now?

Read Next

PV Tech Premium
July 26, 2021
Boris Farnung and Keith Punzalan of VDE and David Moser of EURAC’s Institute for Renewable Energy take a look at the positive impact comprehensive quality assurance measures can have on the early stage of a project’s lifespan, exploring yield assessments, LCOE projections and the critical need for high quality components.
July 26, 2021
US utility giant NextEra Energy added 1.84GW of renewables and energy storage projects to its backlog in Q2 2021, but its Energy Resources division reported a fiscal loss of US$315 million.
July 26, 2021
Meyer Burger is considering its legal options after long-time heterojunction tandem solar cell manufacturing partner Oxford PV ended its collaboration agreement unexpectedly.
July 23, 2021
As solar continues to proliferate and spread into new markets, the technology is finding itself operating in tougher climates than ever before. PV Tech talks to research institute QEERI to learn more about the heightened risk of soiling in the desert, the growing prominence of abrasion and some surprising results from temperature coefficient testing.
July 23, 2021
China could install up to 65GW of solar this year, driven largely by a surge in demand for distributed solar installations, while average solar deployment could reach 90GW per year in the years leading up to 2025.
July 23, 2021
EDF has secured a contract to lead the development of a 240MWp floating solar project in Laos that will be co-located with a 1.08GW hydropower plant.

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
July 29, 2021
Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events, Upcoming Webinars
October 6, 2021