Chinese PV Industry Brief: Longi, Zhonghuan raise wafer prices
A Chinese industry group has reported rising polysilicon prices and supply chain problems ahead, but GCL Technology said this week that strong polysilicon and wafer prices were the reason its business performed strongly in 2021.
OCI secures $1.2 billion polysilicon order from Hanwha Solutions
OCI will supply polysilicon from its manufacturing facility in Malaysia, which is expected to have an annual capacity of 35,000 metric tons by the end of June.
Historic shipment figures cannot mask huge profit hit for Jinko
With China’s latest pandemic clampdown exacerbating existing costs for raw materials and shipping, big annual rises in solar cell and module shipments added up to a more than 91% fall in income from operations in just three months.
Chinese PV Industry Brief: Tongwei wants to reach 1 million MT polysilicon capacity by 2026
Tongwei also announced it wants to expand its solar cell capacity to 70 GW by the end of 2022 and 102 GW by the end of 2023.
Chinese PV Industry Brief: Daqo reports polysilicon average selling price of $32.76/kg in Q1
Daqo announced its best quarterly financial results, with net profit reaching $535.8 million, while Sungrow saw its profit drop by 19%. Polysilicon manufacturer GCL-Poly changed its name to GCL Technology Holdings Limited and announced a plan to build another 100,000 MT polysilicon factory in Inner Mongolia in partnership with Zhonghuan Semiconductor.
Polysilicon giant planning more production capacity
Newly rebranded GCL Technology is laying plans to invest more than $1 billion into its output capability, as its latest set of quarterly figures again spelled out just how profitable the business is at the moment.
Polysilicon maker predicts 5-year shortage of solar raw material
TBEA-owned Xinte Energy says it cannot produce polysilicon quickly enough to meet demand and wants shareholders to back its bid to quadruple its manufacturing capacity by mid 2024.
Chinese PV Industry Brief: Hoshine expands PV glass output, Tongwei raises cell prices
Hoshine plans to expand PV glass production, while Tongwei is raising PV cell prices, with a particular focus on monocrystalline cells. Maxwell Technology has secured a 4.8 GW production line order from India’s Reliance Industries, while JA Solar has reported a net profit increase of 35% for 2021.
Chinese PV Industry Brief: Polysilicon prices keep rising
The cost of solar panel raw material polysilicon topped $40/kg this week, according to the China Nonferrous Metals Association, continuing a three-month upward trend.
Chinese PV Industry Brief: Zhonghuan wants to increase polysilicon capacity by 120,000 MT
In other news, Shuangliang is planning to set up 20 GW of solar module production and Longi has said higher electricity prices may have an impact on its financial results.
