A subsidiary of polysilicon producer Daqo New Energy has signed a five-year polysilicon supply agreement with an undisclosed solar manufacturing company in China.
The solar PV industry is forecast to produce 310GW of modules in 2022, representing an incredible 45% year-on-year increase compared to 2021, according to the latest research undertaken by the PV Tech market research team and outlined in the new PV Manufacturing & Technology Quarterly report.
The latest Renewable Energy Country Attractiveness Index (RECAI 60) shows that energy transition and renewables deployment continue to be of paramount concern to global governments in the face of market volatility and an emphasis on decentralised grids.
The top four solar module manufacturers had shipments totalling more than 114GW during the first three quarters of 2022, as demand slowed in Europe but grew rapidly in China.
Seven key Asian countries collectively saved approximately US$34 billion in fossil fuel costs in the first half of 2022 through solar generation, according to research from Ember, the Centre for Research on Energy and Clean Air (CREA) and the Institute for Energy Economics and Financial Analysis (IEEFA).
Subsidiaries of Daqo New Energy have agreed large five-year polysilicon supply agreements with Chinese solar manufacturing companies, the most recent in a number of significant deals signed this year by the company.
TCL Zhonghuan cut the price of its solar wafers for the first time this year, with this trend expected to continue as new production capacity comes online across the industry.
PV Tech Premium provides a round-up of several key policy measures and company announcements China last week, all with big implications for the global solar PV industry.
