polysilicon production

The results continue the downward trend in polysilicon manufacturers’ fortunes as the market faces oversupply, cutthroat competition and prices below the cost of production.

The company attributed this loss to the ongoing decline in the average selling prices of polysilicon and silicon wafer products.

United Solar is currently building a 100,000 ton polysilicon factory in Oman which it expects to be operational in 2025.

Adani Solar has halted its plan to build a 10GW polysilicon manufacturing plant due to the tumbling prices of polysilicon.

According to Bernreuter Research, Tongwei Solar, GCL Technology, Daqo New Energy, and Xinte Energy all posted net losses in H1 2024.

Daqo New Energy's polysilicon average selling price dropped from US$7.66/kg in Q1 2024 to US$5.12/kg in Q2 2024, while its average production cost sat at US$6.19/kg.

The EU and the US are leading efforts to reduce the carbon intensity of PV manufacturing through targeted import tariffs. As well as supporting decarbonisation efforts, such policies could also promote geographic diversification in the solar supply chain and greater supply resilience, writes Michael Parr of the Ultra Low Carbon Solar Alliance.

PV Tech Premium explores whether the US will be able to bring solar wafer and polysilicon supply onshore in the current market climate.

US polysilicon manufacturer REC Silicon expects to ship the first solar-grade polysilicon from its Moses Lake, Washington facility by the end of June.

Polysilicon manufacturer Highland Materials has secured US$255.6 million in 48C tax credits to build a polysilicon plant in the US.