High-purity polysilicon manufacturer Daqo New Energy Corp. has completed the construction of its new production facility ahead of schedule. Pilot production at this new 35,000 MT Phase 4B polysilicon production facility is underway, and the company expects its Phase 4B polysilicon production facility to gradually ramp up to full production capacity and to increase its total annual production capacity to 105,000 MT by the end of the first quarter of 2022.
“We have already successfully harvested the first batch of polysilicon produced in the new facility,” said Longgen Zhang, CEO of Daqo New Energy. “It is a great achievement for us to complete the project ahead of schedule given the significant difficulties and challenges resulting from the resurgence of COVID-19. This would not have been possible without the dedication and expertise of our outstanding team and various suppliers who have set up a new benchmark of excellence for the Company and the industry. We expect to ramp up the new Phase 4B facility to full capacity by the end of March 2022.
Daqo is in the midst of a three-year plan to expand its production capacity to 270,000 MT by the end of 2024.
“2021 is a milestone in the solar PV history when grid parity has been broadly achieved,” Zhang continued. “The urgency to tackle climate change has led to broad policy support from major economies globally. With the rising prices of fossil fuels, solar PV is becoming more competitive and its economic value is being increasingly recognized by the market, as reflected by the increased prices of solar products this year, a rare occurrence in the solar PV history. We believe we are just at the beginning of a new era in which solar PV will play an increasingly critical role as one of the cleanest, most sustainable, and most cost-effective sources of energy. We expect to see accelerating growth in solar demand in the foreseeable future.”
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