After a 90-percent drop over the past decade, solar module prices rose 18 percent the past year as raw material prices went up. A key selling point that made solar energy the fastest-growing power source in the world—rapidly decreasing costs—has hit a speed bump. Solar module prices have risen 18% since the start of the […]
Solar Power’s Decade of Falling Costs Is Thrown Into Reverse
A key selling point that made solar energy the fastest-growing power source in the world—rapidly decreasing costs—has hit a speed bump. Solar module prices have risen 18% since the start of the year after falling by 90% over the previous decade. The reversal, fueled by a quadrupling in the cost of the key raw material […]
China Helped Make Solar Power Cheap Through Subsidies, Coal And Allegedly, Forced Labor
In recent years Chinese manufacturers have come to dominate world output in solar panels and components. The conventional wisdom within the renewable energy sector, until recently, was that China had taken over the market because its companies were more efficient, with better automation and more reliable supply chains. But events over the last few months […]
Top 10 Ranking of World’s Largest Polysilicon Manufacturers
Top 10 Ranking of world’s largest Polysilicon manufacturers Ranking of the world’s largest polysilicon manufacturers places Tongwei Co., Ltd. (China) at number one. The top ten ranking of polysilicon manufacturers is based on the actual output in 2020, not as per the production capacity. Seven of the top ten are based in China. The list […]
The Top Four Polysilicon Manufacturers Will be Chinese in 2022, Says Bernreuter Research
Bernreuter Research predicts that the world’s top four largest polysilicon manufacturers in the year 2022 will be based in China. Wacker Chemie became number one globally after inaugurating its third polysilicon plant in the U.S. state of Tennessee in 2016. It lost its top position in the year 2020. Tongwei will reach a total capacity […]
Daqo New Energy Announces Unaudited First Quarter 2021 Results
SHANGHAI : Daqo New Energy Corp. (NYSE: DQ) (“Daqo New Energy”, the “Company” or “we”), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced its unaudited financial results for the first quarter of 2021. First Quarter 2021 Financial and Operating Highlights Polysilicon production volume was 20,185 MT in Q1 2021, […]
Hanwha Solutions Betting on Solar Business
Hanwha Solutions’ solar business is on track to become a major cash cow for the company within the next few years. “The company aims to create 21 trillion won in revenue by 2025 with an operating profit of 2.3 trillion won, which we stated before for our medium-term goal,” Hanwha Solutions told investors upon announcing […]
Photovoltaic Industry Price Trend: Polysilicon Prices Expected to Rise to New Heights in 3rd Quarter as Upstream Inflation Persists in Wafers and Cells
Polysilicon quotations had elevated drastically this week, with no stoppages seen just yet. Most polysilicon businesses have signed for the long-term orders of this month after the Labor Day holiday, with the average concluded price of mono polysilicon sitting at roughly RMB 155/kg, though the continuously rising concluded prices for partial sporadic orders have actuated […]
Secrecy and Abuse Claims Haunt China’s Solar Factories in Xinjiang
The world’s green power surge depends on polysilicon made in China’s remote Northwest. No one really knows what’s going on inside the facilities. In the wilderness of the Gobi Desert sit two factories that churn out vast quantities of polysilicon, the raw material in billions of solar panels all over the world. It’s a four-hour […]
Photovoltaic Industry Price Trend: Polysilicon and Wafer Prices Rise Marginally while Cell Cost and Inventory Elevate Amidst Continuous Bargaining
Polysilicon quotations continued to rise this week, with low price resources gradually diminished. With most mainstream polysilicon businesses signing the long-term orders for April earlier this month, there was no mass amount of spots available for transactions this week, and mainstream market quotations had been slightly upward adjusted, followed by a gradually diminishing level of […]