Leading polysilicon and multicrystalline wafer producer GCL-Poly Energy Holdings has reported first half 2016 financial results that as expected benefited from the downstream boom in China that kept both polysilicon and wafer prices high.
China-based polysilicon and wafer producer Daqo New Energy has reported record production and financial metrics on strong demand in the second quarter of 2016.
China-based major EPC firm TBEA Sunoasis has signed a memorandum of understanding (MOU) with two Egyptian government agencies to build two 500MW PV power plants in the country.
Major polysilicon producer Wacker Chemie reported flat second quarter polysilicon sales, despite stronger demand and higher average selling prices (ASPs) as inventory depletion limited shipments.
Capital expenditure (capex) from solar PV manufacturers is set to decline during the first half of 2017, as the industry adjusts to the excess of new capacity having come online during 2015 and 2016, according to the latest findings in the PV Manufacturing & Technology Quarterly report, released July 2016.
Solar PV manufacturing in 2016 has seen the highest capex (capital expenditure) levels for years, and a return to capacity expansion plans. Furthermore, many of the companies announcing the capacity expansions are doing so for the first time, especially at the cell and module stage.
Polysilicon producer REC Silicon’s strategy to win customers outside China via discounted pricing on its FBR granular polysilicon is set to continue after Chinese anti-dumping duties are dropped and when its joint venture FBR (B) facility in China starts production in the second-half of 2017.
