Leading polysilicon and solar wafer producer GCL-Poly Energy Holdings has sold a 10% share in its planned 60,000MT polysilicon plant in Xinjiang, China for around US$22 million (RMB 150 million) to monocrystalline wafer producer Tianjin Zhonghuan Semiconductor Co.
The significant decline in the solar PV manufacturing supply chain in Europe in recent years has reached a critical condition, according to a string of R&D and trade groups in the region.
Leading polysilicon and solar wafer producer GCL-Poly Energy Holdings has awarded a number of construction contracts for its planned 60,000MT polysilicon plant under development in Xinjiang, China.
According to Bernreuter Research, polysilicon consumption for the production of solar wafers is set to impact the supply-side as the PV industry adopts diamond wire technologies that significantly lower kerf loss.
Leading polysilicon and solar wafer producer GCL-Poly Energy Holdings has experienced a rise in polysilicon prices over the last 12 months, while experiencing a similar decline in the selling prices of solar wafers, causing a collision in prices going in the opposite direction that massively impacted its wafer operations profitability in the first quarter of 2017.
Since Wacker Chemie opened its new 20,000MT polysilicon plant in Charleston, Tennessee in 2016, there was a good chance that the German-headquartered chemicals firm could overtake incumbent market leader, GCL-Poly.
China-based polysilicon producer Daqo New Energy is responding to the need for higher specification polysilicon demand by increased adoption of high-efficiency mono wafers, notably being required for PERC (Passivated Emitter Rear Contact) solar cells.
Polysilicon producer REC Silicon ASA reported a 106% increase in its polysilicon sales volume in the fourth quarter of 2016, due to an overall strong demand pick-up in the late last year.
China-based polysilicon producer Daqo New Energy said it had started production at its Phase 3A facility, bringing an extra 6,000MT of polysilicon capacity online and an annual production run rate of 18,000MT.
