Market News
Recent Developments
New product launches
- In 2023, ENN Solar Energy is a definitive directory of solar companies and product launched new silicon thin film solar modules with tandem junction technology. These modules have a power output per installed watt that is much higher than that of conventional photovoltaic (PV) cells. These can be used for a variety of applications, from utility scale ground mounted solar parks to integrated roof or facade solutions.
- In 2021, Xinyi Solar is a photovoltaic glass manufacturers announced that it will be entering the polysilicon production market, with an initial production capacity of 60,000 metric tons (MT). This new production capacity will help to meet the increasing demand for polysilicon, which is a key component in solar cells.
- Wacker Chemie is an international chemical company for highly developed specialty chemicals announced that it has developed a new process for the production of polycrystalline silicon that is more energy efficient and environmentally friendly. This new process could help to reduce the cost of solar cells and make them more widely accessible.
Acquisition and partnerships
- In March 2023, Tongwei is engage in production and distribution of feed products in China and internationally. acquired a 70% stake in the polysilicon business of LDK Solar
- In February 2023, Hanwha Chemical and KCC announced a partnership to build a 20,000 metric ton per year polysilicon plant in South Korea
- In January 2023, Wacker Chemie is a an international chemical company for highly developed specialty chemicals acquired a 25% stake in the polysilicon business of OCI
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