China-based polysilicon and wafer producer Daqo New Energy has guided wafer sales volume down 70%, year-on-year as the caps on utility-scale and Distributed Generation (DG) solar projects in China at the end of May start impacting quarterly business results for many companies dependent on the China solar market.
Leading polysilicon and solar wafer producer GCL-Poly Energy Holdings has agreed with Shanghai Electric Group to terminate a framework agreement announced in early June, 2018 with Shanghai Electric Group to sell a 51% stake in polysilicon production subsidiary Jiangsu Zhongneng Polysilicon.
Leading integrated high-efficiency monocrystalline module manufacturer and ‘Silicon Module Super League’ (SMSL) member LONGi Green Energy Technology has entered into another major polysilicon supply deal, adding TBEA subsidiary, Xinte Energy Co to its supplier base in a new three-year purchasing agreement.
China-based polysilicon and wafer producer Daqo New Energy is feeling the significant impact from the recent change in the Chinese government’s solar deployment policies as multicrystalline wafer shipments have been slashed by as much as 50% for the second quarter of 2018.
The past few weeks has seen some of the most dramatic knee-jerk, naïve and misinformed PV market reporting seen in recent times, with the headlines often resembling nothing more than tabloid sensationalism.
Leading polysilicon and solar wafer producer GCL-Poly Energy Holdings said it was in talks with major China state-owned industrial conglomerate, Shanghai Electric to sell a major shareholding in its main polysilicon production subsidiary, Jiangsu Zhongneng Polysilicon for around US$2 billion.
China-based integrated polysilicon and merchant PV manufacturer Tongwei Group has signed a major 55,000MT polysilicon supply deal with leading integrated high-efficiency monocrystalline module manufacturer and ‘Silicon Module Super League’ (SMSL) member LONGi Green Energy Technology.
China-based polysilicon producer Daqo New Energy produced mixed first quarter 2018 results as polysilicon production and shipments hit a new quarterly high, while multicrystalline wafer sales and shipments declined significantly.
China-based polysilicon producer Daqo New Energy is accelerating the pace of its Phase 3B capacity expansion project as well as starting Phase 4A that will increase annual polysilicon capacity by 35,000MT.
Kyocera Corporation a multinational electronics and related components manufacturer has made a significant US$459 million impairment charge on long-term polysilicon supply contracts, as well as downsizing its solar operations in the US, which were the primary reason for its Life & Environment Group (solar PV included) reporting a large operating loss in fiscal 2018.
Struggling major China-based PV manufacturer Yingli Green Energy is being forced into arbitration at the London Court of International Arbitration (LCIA) by a major polysilicon producer over a long-term ‘take or pay’ supply contract with damages claimed to be US$897.5 million.
Leading fully-integrated high-efficiency monocrystalline module manufacturer and ‘Silicon Module Super League’ (SMSL) member LONGi Green Energy Technology has secured an ultra-high-quality polysilicon supply agreement with China-based polysilicon producer Daqo New Energy Corp.