Leading polysilicon and solar wafer producer GCL-Poly Energy Holdings has secured a US$200 million loan facility from an unspecified number and unidentified banks based in Hong Kong.
China-based polysilicon producer Daqo New Energy reported lower than expected revenue, gross profit and margins as polysilicon supply and demand dynamics proved volatile in the second quarter of 2017.
Major polysilicon producer Wacker said that a decline in quarterly revenue was due to lower polysilicon prices, despite shipment volumes rebounding from the previous quarter.
China-based integrated PV manufacturer Renesola has appointed a third-party financial and legal firms to provide advise on the proposal by its chairman and CEO, Xianshou Li to purchase the PV manufacturing and LED distribution businesses so the company can move completely downstream.
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.
China-based polysilicon producer Daqo New Energy has reported its best ever financial quarter in terms of cost structure, production volume and polysilicon quality as it fully ramped annual capacity to 18,000MT.
Major polysilicon producer Wacker said polysilicon shipment volumes fell substantially in the first quarter of 2017, while revenue declined around 10%. The China market had been relatively weak with only a slight rebound in demand at the end of the quarter.
Leading polysilicon producer GCL-Poly Energy Holdings has announced plans to invest around US$823 million to expand production by 40,000MT and relocate and upgrade a further 20,000MT of capacity.
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.
