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

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

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

July 15, 2025
The US Department of Commerce (DoC) has initiated an investigation into the imports of polysilicon and its derivatives.
July 15, 2025
Indian renewable energy company SAEL Industries is developing a 5GW solar cell and 5GW module manufacturing facility in Greater Noida, Uttar Pradesh.
July 11, 2025
Renewable electricity generation has grown more than twice as fast as total global electricity generation since 2012, according to the International Renewable Energy Agency (IRENA).
July 11, 2025
The Asia Pacific (APAC) region has accounted for 69% of the 589GW solar PV inverters shipped in 2024, according to a report from analyst Wood Mackenzie.
Premium
July 11, 2025
According to the latest pricing data from the Silicon Industry Branch, released on 9 July, the transaction price range for n-type dense polysilicon has oscillated between RMB34,000-38,000/ton (US$4,741-5,299/ton).
July 10, 2025
UbiQD has signed a supply agreement with First Solar to supply its fluorescent quantum dot technology for use in the latter’s PV panels.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK