German chemical group Wacker Chemie has posted the financial results of 2023 with its polysilicon business falling by 61% due production-related reasons.
German chemical group Wacker Chemie posted new sales and earnings records in 2022 as the polysilicon division benefited from strong demand and higher prices.
European solar PV manufacturers struggling with soaring electricity prices have flagged concerns that the continent is falling behind the US and India in terms of policy support for the sector.
The CEOs of companies such as First Solar, BayWa r.e. and Meyer Burger have written to the European Commission (EC) to call for urgent action to support the redevelopment of European PV manufacturing.
German chemical group Wacker Chemie saw its polysilicon sales nearly double in 2021, lifting its earning significantly amid higher raw-material and energy costs, preliminary financial results showed.
Europe’s solar technology specialists may need up to €7 billion (US$8.51 billion) in capital investment in order to scale up domestic manufacturing to be globally competitive, according to a panel of industry leaders.
Plans for sizeable layoffs by 2022 will mostly affect administrative and non-operational staff in Germany, says poly player of new roadmap launched after €55m losses last year.
