Daqo New Energy has announced its Board has approved plans to increase the polysilicon capacity of its Xinjiang plant to 12,000 metric tonnes a year.
Spurred on by Chinese Vice President Mr. Li Yuanchao who visited the facility earlier this year and encouraged Daqo to put the pedal to the metal, the company expects to raise capacity to 6,150 metric tonnes by the end of this year. Looking to the 12,000 MT goal, construction of the necessary assets and a trial run should occur by the end of 2014.
“We have demonstrated our capability by achieving one of the lowest cost structures and the first class quality for polysilicon manufacturing,” said Dr. Gongda Yao, Chief Executive Officer of Daqo New Energy.
“We believe with the completion of our expansion plan, we will play a more important role to support the industry by providing low cost and high quality polysilicon products, so as to make solar PV more accessible and affordable in the future.”
Daqo is a fully vertically integrated player, producing everything from sought after ultra-pure 9N polysilicon to solar modules. It is one of the few Chinese solar companies tapped on the shoulder to receive government priority funding support from China Development Bank.
Daqo solar panels have been gaining popularity in Australia since local company Energy Matters introduced the modules to the home solar power market.
Awarded a Class A rating after excellent results in one of the industries most gruelling endurance tests, Daqo offers a standard of quality more commonly found in more expensive brands of solar panels.
Energy Matters recently signed a Memorandum Of Understanding (MOU) with Daqo New Energy Corporation for supply of 10MW of panels. Energy Matters, via sister company Apollo Energy, will be the exclusive distributor for Daqo products in Australia and New Zealand for the duration of the initial agreement.
