In addition, polysilicon manufacturer Daqo will increase investment in its production capacity plan, Canadian Solar and battery giant CATL reached a strategic cooperation agreement.
Polysilicon furnace in Baotou, China. A series of upcoming expansions by China’s largest polysilicon manufacturers should help reduce high prices.
Taiwanese market research company PV InfoLink reported that the average price of polysilicon in China this week has stabilized at 269 yuan (US$42.1) per kilogram. It pointed out that this price level is still three times the price level reported in January last year. In terms of wafers, PV InfoLink said that the price of M10 (182 mm) wafers fell 4.9% to RMB 5.38 per piece, and the price of M10 (175 mm) wafers fell 5.64% to RMB 6.36. The price of G12 (210mm) wafers has stabilized at RMB 8.93 per piece. This trend is due to high inventory levels and low operating rates in fabs. In terms of solar cell prices, PV InfoLink said that M10 PERC monocrystalline cells are now 0.9% cheaper to RMB 1.14 per watt, while the price of M6 mono PERC cells is down 1.9% to RMB 1.08 per watt. Prices have also fallen. The reported prices of G1 (158.75 mm) single crystal and polycrystalline products were down 1.7% and 2.8% respectively from the previous week. In addition, according to PV InfoLink, the price of solar modules last week fell for the first time in the past six months. The average price of M6, M10 and G12 single crystal PERC modules fell by 1%, 1.4% and 1.4%, respectively, to 2.01 yuan, 2.04 yuan and 2.04 yuan per watt.
Polysilicon manufacturer Dake said it will increase investment and increase production capacity from RMB 576 million to RMB 4.09 billion. The plan involves adding a total of 35,000 tons of new manufacturing capacity.
Photovoltaic silicon wafer manufacturer Shuangliang Eco-Energy announced on Wednesday that it has placed an order for Asian Silicon to purchase a maximum of 25,210 tons of polysilicon from December 2021 to November 2026, based on the monthly price and quantity.
Canadian company Canadian company Canadian Solar’s solar manufacturing division in China announced on Wednesday that it has signed a strategic cooperation agreement with battery giant CATL (Contemporary Amperex Technology Co Ltd), involving battery systems, lithium-ion battery modules, operation and maintenance, and technology. Canadian Solar Director In announcing the deal, President and CEO Shawn Qu stated that his company has a global battery storage pipeline of 21 GWh, of which 2.9 GWh is under construction.
The shareholders of SF International, a developer of debt-laden clean energy projects, will vote on December 13 to sell nearly a quarter of the company’s 763-megawatt solar investment portfolio to raise 538 million yuan (84.2 million US dollars). As it failed to pay investors the 255 million yuan (US$39.9 million) owed to investors in the 2016 bonds, SF Express missed another payment deadline a month ago and had to find 175 million Hong Kong dollars (US$22.4 million) by Tuesday ) In order to settle with investors Rainbow Castle and Hong Kong. By the end of the year, China Minsheng Bank’s revenue was US$300 million (US$38.5 million). Proposed to sell seven solar projects with a total generating capacity of 190 MW to the state-owned China Power Investment Xinjiang Energy and Chemical Group Aksu Co., Ltd. It is expected that the asset value will record a loss of 148 million yuan (23.2 million US dollars)-higher than previous estimates RMB 100 million (US$15.6 million) – but will reduce the company’s liabilities by RMB 1.1 billion (US$172 million).
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