The Norwegian polysilicon supplier – which has most of its manufacturing operations on U.S. soil – cannot give any estimate on when its production of polysilicon for solar will return, and has been left entirely dependent on the semiconductor products made by its Montana facility.
Polysilicon maker REC Silicon has announced that it will lay off another 100 workers at its Moses Lake facility in Washington State, as the factory heads into long term shutdown.
REC Silicon has delayed full shutdown of its Moses Lake polysilicon operation until mid July as President Trump and his Chinese counterpart are scheduled to hold talks in Osaka in two weeks’ time.
Stock in the polysilicon manufacturer appeared to be recovering in early trading on the Oslo exchange this morning after it cancelled plans for a private placement of as many as 50 million shares.
It’s Monday, and it is pvMB time. Today in addition to the dark news in the headline, we also bring you three new directors at Rocky Mountain Institute, and record levels of solar curtailment in California this April.
Revenue for the polysilicon maker’s solar materials segment fell almost 70% on the previous quarter, and the company reports its Moses Lake, Washington facility is running at only 25% capacity.
A group of senators and representatives from Washington and Montana led by the top democrat on the U.S. Senate Energy and Natural Resources committee are calling on President Trump to negotiate with China and save REC’s Moses Lake facility.
The polysilicon maker has been a casualty of the trade war between the United States and China. Following layoffs, the company expects its plant in Washington to run at only 25% capacity until the trade war is resolved.
The Norwegian polysilicon maker has announced that it will today lay off around 100 employees from its Washington plant and reduce production, as a “direct result” of the trade dispute between the United States and China.
The organization is expecting carnage throughout the solar value chain as the result of reduced policy support for deployment in China.
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