GCL-Poly Energy to launch new products after acquisitions

Solar cell. Author: Anders Sandberg. License: Creative Commons, Attribution 2.0 Generic

May 18 (Renewables Now) - Chinese solar firm GCL-Poly Energy Holdings Ltd (HKG:3800) released first-quarter production and sales figures, including a 10.6% rise in wafer sales, and said it is soon launching new products with “higher quality and better price”.

The company said on Wednesday the new products will be rolled out in the current quarter. It has completed the purchase of assets of SunEdison (OTCMKTS:SUNEQ) and other sector firms, with the integration of the proprietary technology into its existing sites will be completed “within a short period of time”.

GCL-Poly currently can produce 70,000 tonnes of polysilicon and up to 20 GW of wafer annually.

Production and sales for the first quarter are available in the table. ASP stands for average selling price (exclusive of tax).

Product and metric Q1 2017 Q1 2016
Polysilicon ASP (USD/kg) 17.25 13.96
Polysilicon production (tonnes) 19,508 18,250
Polysilicon sold externally (tonnes) 1,896 3,348
Wafer ASP (USD/W) 0.14 0.19
Wafer production (MW) 5,038 4,227
Wafer sold externally (MW) 4,916 4,443

GCL-Poly said one of the main reasons for the decrease in polysilicon sales is the increase of in-house consumption of the material for wafer production. The selling price of wafer in the first quarter of 2017 was higher quarter-on-quarter, while the selling price of polysilicon remained at a relatively high level.

“The global photovoltaic industry is expected to maintain a stable rising trend, which will benefit the leading industrial enterprises by obtaining larger market share and enhancing its competitive advantage,” GCL-Poly said.

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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