gcl-poly energy holdings

The solar industry's two largest enterprises, GCL and LONGi have signed a major polysilicon supply deal, the first time the rivals have entered into a major business deal together.

Major polysilicon producer GCL-Poly Energy Holdings expects to meet previously set targets of achieving 10,000MT production capacity of its Fluidized Bed Reactor granular polysilicon technology by the end of 2020.

Major polysilicon and solar wafer producer GCL-Poly has reported a total loss for the first half of 2020 of US$281.8 million, due to a reduction of more than 50% in polysilicon production and record low ASPs (Average Selling Prices) on weak demand.

Major polysilicon and wafer producer GCL-Poly Energy Holdings reduced losses in its Materials business segment in 2019 by continuing to reduce polysilicon production while boosting solar wafer capacity by 5GW.

The PV industry is undergoing rapid technology changes that have been driven by the well documented, swift adoption of monocrystalline wafers. Less well understood is that, within this wafer technology transition comes a shift to larger wafer sizes and this includes p-type and n-type mono-Si wafers.

Leading polysilicon and multicrystalline solar wafer producer, GCL-Poly Energy Holdings has reported a loss of RMB 1,011.4 million (US$150.7 million) for its ‘Solar Material Business’ unit in 2018, citing the demand impact from the China 531 New Deal that led to overcapacity and rapidly falling selling prices.

Major polysilicon producer Wacker Chemie has reported its polysilicon division was heavily impacted by the slump in demand due to China’s ‘531 New Deal’ as a reason for the sharp decline in revenue and profitability which declined significantly in 2018.

Leading polysilicon and solar wafer producer GCL-Poly Energy Holdings has reported a consolidated loss attributable to owners of the company’s shares of approximately RMB 534 million (US$77.8 million) for the first 10-months of 2018.

Leading polysilicon and solar wafer producer GCL-Poly Energy Holdings has announced that its new Xinjiang polysilicon production plant’s annual nameplate capacity will be increased to 60,000MT, up from the revised plans mid-year to increase the capacity from 40,000MT to 50,000MT.

We have tracked the annual R&D spending of 12 key publicly listed PV module manufacturers over the last 10 years. We present our new methodology with a broader scope which reveals record levels of investment in solar innovation.