Module manufacturing major Risen Energy has posted strong revenue and profit figures for the first half of the year, driven by a large increase in product sales and unit sales prices.
The average price of polysilicon rose again this week, marking the 28th round of prices increases this year alone, according to data released by China’s Silicon Industry Association.
The Chinese government has issued a notice to its PV industry that calls for the optimisation of the sector and further buildout of its infrastructure while warning against hoarding products and the establishment of solar monopolies.
The average price of silicon materials in China continued to rise this week after power rationing was implemented in key Chinese provinces following extreme heat in much of the country
REC Silicon is progressing with efforts to restart operations at its Moses Lake polysilicon production facility in the US, a move the company said is underpinned by the passage of the country’s Inflation Reduction Act.
Canadian Solar plans to build an integrated PV manufacturing plant in Western China, with a capacity of 200,000MT of high-purity polysilicon, 10GW of both cells and modules and multi-GW productions of raw and auxiliary materials.
China’s polysilicon price finally stabilised this week, according to the Silicon Industry Branch of the China Nonferrous Metals Industry Association, following several long-term contracts being signed, helping to reduce market volatility in the short-term.
The value of Chinese solar PV exports during the first half of 2022 more than doubled year-on-year as module shipments surged, according to new government figures.
