30 Apr '14, 1pm

China Fuels Highest Solar Silicon Demand Since 2011

China Fuels Highest Solar Silicon Demand Since 2011

Demand for the commodity used to make photovoltaic cells will jump 15 percent this year, the most since 2011, Bloomberg New Energy Finance forecasts. The price of the material, made from super-heated silicon particles and sliced into wafers, has reached its highest since the middle of 2012. Global sales may top $6 billion at that price. Manufacturers led by GCL-Poly Energy Holdings Ltd. of China and Wacker Chemie AG in Germany are expanding production, anticipating higher revenue will restore their margins. They’re benefiting from a renaissance in the renewable energy industry, which last year rivaled fossil fuels for new power generation capacity added worldwide. “We are seeing a massive recovery in the entire solar industry, also in polysilicon,” said Stefan De Haan, a solar analyst at IHS Inc. “2013 was the year of the turnaround, and the situation will further improve ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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