Xinyi Solar to enter polysilicon production with launch of new entity and Yunnan-based facility

Facebook
Twitter
LinkedIn
Reddit
Email
Xinyi Solar is predominantly known as a solar glass manufacturer. Image: Xinyi Solar.

Solar manufacturer Xinyi Solar is to diversify into polysilicon production, launching a joint venture to establish a production base in Yunnan, China, with an initial capacity of 60,000 metric tons (MT).

In a statement issued to the Hong Kong stock exchange late last week, the boards of both Xinyi Solar and Xinyi Glass confirmed that they had agreed to establish Xinyi Silicon, an entity 52% owned by Xinyi Solar, to develop polysilicon production facilities in China.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Under the joint venture agreement, the two companies are to provide funding of up to RMB3.3 billion (US$517 million) to finance the construction of polysilicon production facilities in Qilin District, Qujing City, Yunnan Province.

The facility is expected to have an initial production capacity of 60,000MT per year, however the companies have stated this could be subsequently increased to 200,000MT per year through the completion of additional phases.

It’s expected that Xinyi Silicon is to invest some RMB6 billion, with any shortfall expected to be made up by external sources of finance.

Qujing Municipal Government has meanwhile agreed to provide various policy and administrative supports to Xinyi, including the acquisition of land rights and construction works.

Xinyi’s launch of a polysilicon production unit comes at a time of highly inflated polysilicon prices, driven by demand far outstripping in supply throughout most of this year. While new production capacity is expected to come onstream over the course of 2022, most forecasts have polysilicon prices remaining comparatively high long into next year, only normalising in H2 2022 and beyond.

10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

October 7, 2025
Solar PV will account for almost 80% of the 4.6TW of new renewable power expected to be added by 2030, according to the International Energy Agency (IEA).
October 3, 2025
Chinese government policies and supply-side production cuts will drive a significant increase in solar and storage component costs.
September 30, 2025
Chinese solar firm SoleFiori (Hongjun New Energy) has signed an agreement with the Saudi Arabian government to build a 6GW heterojunction technology (HJT) module production facility in the country.
September 26, 2025
Chinese president Xi Jinping has unveiled a new climate target for China at the United Nations Climate Change Summit, which aims to cut by 7-10% China's peak greenhouse gas emissions by 2035.
Sponsored
September 26, 2025
Over the past three years, Tongwei has made a remarkable leap in the solar sector, shipping over 100GW of modules at record-breaking speed.
September 26, 2025
The New South Wales (NSW) government has committed AU$28 million (US$18.3 million) to establish a new Renewables Manufacturing Hub in Blacktown, Western Sydney, Australia.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK