REC Silicon will negotiate a raw material supply agreement with silicon metal provider Ferroglobe as part of a new collaboration between the companies aimed at building a US-based solar supply chain.
REC Silicon said it is continuing to work towards a restart of operations at its Moses Lake polysilicon production facility in the US, with the company buoyed by recent policy initiatives unveiled by US President Joe Biden.
Major polysilicon and solar wafer producer GCL-Poly has reported a total loss for the first half of 2020 of US$281.8 million, due to a reduction of more than 50% in polysilicon production and record low ASPs (Average Selling Prices) on weak demand.
Bankrupt renewables firm SunEdison has finally got the green light to proceed with the US$150 million sale of its FBR (Fluidised Bed Reactor) technology polysilicon assets to GCL-Poly Energy Holding after a deal was struck with company spinoff SunEdison Semiconductor.
Leading polysilicon and solar wafer producer GCL-Poly Energy Holding has placed a bid of US$150 million for the polysilicon assets of bankrupt renewable energy firm SunEdison via the US bankruptcy court dealing with the Chapter 11 proceedings.
REC Silicon said it would restart FBR polysilicon production at its Moses Lake facility in the US this month, with full-production planned to be resumed in June, 2016.
