According to reports from Norwegian media outlets, the price of electricity in Norway, alongside worldwide overproduction of polysilicon, made REC’s operations untenable in comparison with its Chinese competitors.
Decreasing polysilicon average selling price (ASP) has reduced by a third China-based polysilicon manufacturer Daqo New Energy’s revenue in the third quarter of 2023.
China’s PV industry's production value last year reached RMB1.4 trillion (US$203.5 billion), according to a report published by China’s ministry of industry and information technology.
Australia must build out its solar supply chain, from silicon production to end-of-life processes, and reduce its reliance on imported cells and modules if it is to achieve its potential as a global PV superpower.
Major polysilicon producer Daqo New Energy has increased its expected polysilicon production capacity by 100,000MT in Inner Mongolia and reach a total production of 305,000MT by the end of 2023.
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