News on PV installations

News on suppliers, market trends and technology innovations in polysilicon and wafer production is selected, assessed and written for you by Bernreuter Research.

Polysilicon EBITDA margins of Daqo, OCI, REC Silicon and Wacker from Q3 2018 through Q3 2019

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After weaker results in the second quarter due to maintenance, China-based polysilicon manufacturer Daqo New Energy achieved so far unthinkable cash production costs of US$5.85/kg in the third quarter.

REC Silicon’s fluidized bed reactor polysilicon plant in Moses Lake, Washington with vehicle at night

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U.S.-based polysilicon manufacturer REC Silicon has blamed the layoff of 100 employees on the trade dispute, but it is more a response to the slump of global demand in the wake of China’s cap on domestic PV installations.

PV system in China

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The National Development and Reform Commission of China said on June 7 it would accelerate the planned launch of a quota system that would force provinces to buy more power from renewable energy sources.

polysilicon chunks

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The Chinese government’s decision to reduce the approval of new photovoltaic (PV) installations drastically will have a severe impact on the global PV supply chain.

Wacker’s U.S. polysilicon plant in Charleston, Tennessee

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Bernreuter Research expects a 120 GW PV market in 2018, with approximately 65 GW of new installations in China, and no polysilicon oversupply.

PV system in China

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According to data from China’s New Energy Administration, grid connections of domestic PV systems reached 52.83 GW in 2017.

polysilicon chunks

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Several factors are playing a role in driving up the current polysilicon spot price.

SMA’s market outlook of global new PV installations 2017 - 2020

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Major solar inverter manufacturer SMA anticipates 98 gigawatts (GW) of newly installed PV power worldwide in 2017. Its outlook for 2020 is conservative: only 127 GW.

Monthly polysilicon imports into China from October 2016 through September 2017

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With a volume of 17,628 metric tons (MT) in September, polysilicon imports into China reached the second record high in a row after they had hit 16,141 MT in August.

PV system in China

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PV systems with a total capacity of 24 GW were connected to the grid in China in the first half of 2017. The Chinese website SolarBe.com reports that new installations of 41 GW are now expected for the full year.