A planned IPO of the Chinese company’s main, Xinjiang business unit is set to finance construction of another 35,000 metric tons of annual production capacity by this time next year even as soaring sales volumes in 2020 enabled Daqo to pay down the bill for its previous expansion.
Daqo has secured another big supply deal, Xinte is pushing to build a new factory in Inner Mongolia and the board of JA Solar has approved a proposal to deploy 20 GW of wafer production capacity in the autonomous region.
Chinese giant has signed orders for more than 100,000 metric tons of poly to the end of 2023 in a further sign of confidence in the outlook for solar.
The polysilicon manufacturer says a lack of the raw material is causing a bottleneck for the industry but CEO has predicted it will be resolved as new production capacity comes online in the months ahead.
The NEA has revealed more than 1.3 GW of solar capacity was added to Chinese rooftops last month, with more than 500 MW of it in Shandong province. While poly maker Daqo was forced to revise down its latest sales forecast it predicted a quick rebound in the current quarter.
Power company Datang Group is reportedly planning to spend around $148 million replacing a coal-fired power plant with a 200 MW solar project in Shanxi province and two solar players are set to issue stock.
Chinese polysilicon manufacturer Daqo has secured a long-term supply agreement with PV equipment provider and monocrystalline wafer manufacturer Wuxi Shangji Automation, Shanxi Coal International Energy Group has unveiled a plan to set up a 10 GW heterojunction solar cell production fab and Longi has held its wafer prices.
State-run coal producer China Pingmei Shenma has revealed plans to enter the PV module business with a 5 GW production unit in Henan province. JinkoSolar, meanwhile, has started building a new factory for aluminum PV panel frames.
California-based investment banking group Roth Capital Partners has reported four flash explosions on Sunday and a fifth yesterday “working their way through the GCL facility across multiple systems in a chain-reaction-like sequence.”
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