tongwei

Tongwei has announced that its subsidiaries have signed a RMB50.9 billion (US$7.58 billion) silicon material sales contract for 216,100 tons with Qinghai Gaojing Solar Energy Technology Co., Ltd.

Solar polysilicon prices continued to rise for a fifth consecutive week last week, while PV wafer prices remain flat.

Both GCL Technology and Daqo New Energy have leapfrogged Wacker Chemie in Bernreuter Research’s annual polysilicon top ten rankings, completing a China-based top three.

Solar polysilicon and cell manufacturer Tongwei has stated plans to significantly increase its manufacturing capacity over the next four years after confirming a six-fold increase in net profit in Q1 2022.

Major polysilicon and merchant cell producer Tongwei Group is to invest in an additional 32GW of solar cell capacity through a RMB12 billion (US$1.9 billion) investment in partnership with the government of Meishan City, in Sichuan Province, China.

Solar manufacturer Tongwei is forecasting for a six-fold increase in net profit for Q1 2022, highlighting the impact pricing spikes are having on upstream manufacturer fortunes.

LONGi Solar is to procure more than 200,000 metric tonnes (MT) of polysilicon from upstream provider Tongwei under a two-year agreement.

LONGi solar has increased its wafer prices for the third time in less than six weeks as a four-month high in wafer prices continues, while Tongwei solar has also pushed up the price of its 182mm and 210mm solar cells.

Tongwei has warned of ongoing tight supply of solar PV materials after recording a jump in 2021 revenue in excess of 50%.

PV Tech Research’s Finlay Colville reveals which manufacturers are driving the PV industry’s transition to n-type, explaining why what these companies do in the next two years will shape the sector moving forward.