Renewable

November 17 (SeeNews) - Chinese firm GCL-Poly Energy Holdings Ltd (HKG:3800) sold 14.7% more wafers in the period January-September 2016 compared with a year earlier, while its polysilicon sales climbed by 33.2% on the year.

The company sold 12,717 MW of wafers in the first nine months of 2016, about 3,837 MW of which in the third quarter alone. January-September wafer output grew by 16% to 12,674 MW. The average selling price (ASP) for wafers during the period was USD 0.175 (EUR 0.163) per watt, GCL Poly said Wednesday.

Meanwhile, the company produced some 52,488 tonnes of polysilicon, down by 5.9% year-on-year, and sold 7,787 tonnes of that in the three quarters under review. In July-September sales amounted to 1,398 tonnes, down 70%. The ASP per kg of the raw material used in the production of solar cells, reached USD 15.4 during the nine-month period.

The Hong Kong-based firm's annual production capacity for polysilicon and wafers at end-September stood at 70,000 tonnes and 18.5 GW, respectively. Multicrystalline silicon wafers accounted for 17.5 GW of the total.

(USD 1.0 = EUR 0.934)