TZS unveils US$323m polysilicon, R&D expansion plan

The terms of the deal will also see TZS receive grid connection agreements for solar PV projects in the area and favourable power price terms.

TZS said it had selected Inner Mongolia as the location for this new expansion in accordance with its existing footprint in the region, having operated manufacturing facilities in Inner Mongolia for more than a decade.

Zhonghuan claims its existing facility in Hohhot, dubbed the Zhonghuan Industry Park, is the largest mono-silicon production site in the world, with these new facilities adding to its capacity, turning the site into a “Chinese Silicon Valley”, the company said.

The manufacturer further said that the new facilities would give it a “synergistic advantage”, adding that the investments it is taking now would help the company to strategically lower costs, promote industry collaboration and stabilise the industry’s supply chain at a time of pricing volatility.

TZS’s investment comes at a time when polysilicon and solar wafer prices remain elevated. TZS has itself increased its prices for wafers four times this year, the latest pricing update – issued on 2 April 2022 – driving prices up between 2 – 3%.