German chemical group Wacker Chemie saw its polysilicon sales nearly double in 2021, lifting its earning significantly amid higher raw-material and energy costs, preliminary financial results showed.
As 2021 draws to a close, PV Tech is reviewing the year in solar, reflecting on some of the biggest stories and hottest trends of the last 12 months. Today we look at the impact of soaring prices and logistics challenges during the fourth quarter.
Global solar PV installations are to growth 20% in 2022, surpassing the 200GWdc mark for the first time, despite high capex costs, according to a new report by the Clean Energy Technology service at IHS Markit
‘Solar Module Super League’ manufacturer JinkoSolar is to invest RMB450 million (US$70.3 million) in Tongwei Solar subsidiary Sichuan Yongxiang Energy Technology to help finance a 100,000MT “high-purity” polysilicon facility.
Chinese power restrictions are likely to change in Q1 next year and will consider the power necessity and industrial demand of certain regions. Nonetheless, polysilicon prices will remain high well into next year and could rise even further. And, distributed solar is the future of solar PV generation in China. Exclusive to PV Tech Premium users.
Polysilicon prices have risen by 8.6% to RMB230/kg (US$35.3/kg) this week following a power crisis in China that has seen the government order silicon metal producers to curb their operations.
As much as 191GW of new solar PV is expected to be installed this year – up by a third on last year’s deployment figure – despite polysilicon and module prices remaining high into 2022, BloombergNEF has said.
The cost of building and operating new utility-scale PV is now cheaper than running existing coal plants in China, India and across much of Europe. However, rising commodity prices could see PV projects become temporarily more expensive in the second half of 2021, according to BloombergNEF analysis.
Polysilicon provider Daqo New Energy has seen its initial public offering (IPO) plans progress after its application was sent to China’s Securities Regulatory Commission (CSRC) last week.
