Wacker reports strong operating loss for 2019 due to polysilicon business
The German polysilicon manufacturer said results for the past financial year are in line with its expectations. However, falling sales and earnings were also reported. The company blamed low prices for polysilicon for last year’s performance.
China holds firm on strategy to build self-sufficient domestic polysilicon industry
The Chinese government will extend duties on U.S. and South Korean polysilicon for another five years from today despite committing to buy $200 billion more American goods and services in the trade deal signed on Wednesday. Poly manufacturer REC Silicon says it expects polysilicon to form part of that trade agreement.
Solar-plus-storage will start to make big inroads in the year ahead
By this time next year we may be able to wave goodbye to that old chestnut about renewables endangering security of supply. Elsewhere, the price of lithium – and the products it goes into – could go either way after tanking this year.
South Korea’s roadmap to drive down solar costs
The government has unveiled a plan to help the PV industry reduce the cost of solar panels from around $0.23/W to $0.10/W by 2030. The plan also aims to reach module efficiencies of around 24% – up to 35% for multi-junction cells – by the end of the next decade.
Daqo pushes poly production cost below $7/kg
Chinese polysilicon giant Daqo New Energy posted $83.9 million in revenue in the third quarter for gross profit of $18.1 million. The company has an additional 35,000-ton production facility set to come online this year.
Canadian Solar sees turnover and profits retreat
The Chinese-Canadian manufacturer reported a 1% decrease in sales in the third quarter, with net profit falling 19%, to US$55.2 million. Quarterly shipments were up significantly year on year, from 1.59 GW in July-to-September last year to 2,387 MW this time around. The company expects to ship up to 8.5 GW of panels and achieve turnover of up to US$3.16 billion this year.
Hungary launches first renewables auction and tops 1.1 GW of solar
The EU member state added 418 MW of new solar in the first six months of the year and its energy regulator expects another 1.4 GW in the years ahead, as a result of the METAR incentives scheme introduced in 2017. The regulator has also announced a pilot renewables auction with the results expected early next year.
Wacker slashes profit forecast amid polysilicon price slump
German polysilicon producer Wacker Chemie AG has reduced its earnings expectations for 2019, citing low prices for polysilicon. The company blamed the polysilicon price slump on oversupply from competitors in China, which muted an expected price increase in the second half of 2019.
Bigging UP the carbon-free pioneers: Step forward 3S Solar Plus
pv magazine’s UP campaign aims to highlight industry movers who embrace carbon reduction and the circular economy in their operations and Swiss BIPV manufacturer 3S Solar Plus boasts an impressive sustainability record.
Cell prices have tumbled again since early June
The latest figures show the solar policy vacuum, and related dearth of demand in China earlier this year accelerated price reductions for cell makers. Although prices are expected to rebound in line with renewed thirst for solar in China, cell makers such as Tongwei are feeling the pain.
