Solar Demand Might Fuel Forced Labor?
Rights Lab Report Presses For Global Roadmap For Solar Industry To Address Modern Slavery Risks
A report by Rights Lab at the UK University of Nottingham believes growing demand for solar may parallelly fuel demand for products made with forced labor, including polysilicon for solar panels and cobalt for lithium-ion batteries, unless the solar .
Hoshine Silicon’s 2021 Financial Results
Hoshine Silicon Expects Over 500% Annual Improvement In 2021 Net Profit
Leading raw silicon manufacturer for the global solar PV production industry Hoshine Silicon Industry Co Ltd expects to report an annual increase of 505.28% to 519.52% in its net profit for the year 2021, attributing it mainly to significant rise in selling price.
Tongwei Expanding Polysilicon Capacity With New Fab
Chinese Polysilicon Manufacturer Tongwei To Build 200,000 MT New Facility In Sichuan For RMB 14 Billion; Expects Healthy Financial Results For H1/2021 Thanks To High Demand & Tight Supply Situation
Growing demand for solar PV modules across the globe is prompting raw material manufacturers to plan production expansions to meet the demand.
US Government Ban On Xinjiang Produced Solar Products
Reuters: US Set To Blacklist Some Xinjiang Located Solar Manufacturers Citing Forced Labor Activities; Analysts Sense Trouble Brewing For US Solar Installations; China Says Will Take ‘All Necessary Measures’
A news report from Reuters cites 2 unidentified sources to claim that the US administration has ordered a ban on ‘imports of a key solar panel material’ from 5 Chinese companies producing it in Xinjiang, China.
Daqo New Energy Pockets $256 Million Revenues In Q1/2021
Daqo New Energy Offers Upward Revision Of 2021 Annual Polysilicon Production Guidance; Starts Shipping N-Type Polysilicon To 4 Major Customers; Sees Tight Supply Lasting Till Mid-2022
Daqo New Energy said the 4% sequential increase in its polysilicon average total production cost in Q1/2021 was due to rise in the cost of silicon raw material and lower production volumes.
SEIA Releases Tool For Supply Chain Transparency
SEIA Launches Solar Supply Chain Traceability Protocol To Help Ensure Ethical Sourcing Of Solar Products By Equipment Manufacturers & US Importers
Amid reports of forced labor in the world’s polysilicon center in China’s Xinjiang province, the Solar Energy Industries Association (SEIA) has come out with what it terms as a new tool to increase supply chain transparency.
Solid Q4/2020 Reported By China’s Daqo New Energy
Daqo New Energy Posts Strong Q4/2020, Exiting 2020 With $129.2 Million Net Income; Guides For Up To 81,000 MT Production In 2021; Expects Tight Polysilicon Supply Scenario To Continue In 2021
Chinese solar grade polysilicon producer Daqo New Energy reported a strong Q4/2020 selling 23,186 MT polysilicon as guided, growing from 13,291 MT a year back, while its production volume grew as well to 21,008 MT compared to 16,204 MT in Q4/2019 (se.
