The module manufacturer reported a gross profit of $210.5 million, up 0.1% from the first quarter but down 10.2% from the second quarter of 2020.
Also on the rise: Protesters rally to demand TVA reforms, the energy storage market is fully charged for rapid growth, and BlackRock buys a solar developer.
Also on the rise: Poly price rise will continue, supplier says; group asks for Commerce Department probe of alleged solar dumping; and Nexamp lines up equity funding to fuel its growth.
Daqo expects another 180-220,000 metric tons of poly production lines to appear next year, enough to supply 240-250 GW of solar modules and 200-210 GW of generation capacity.
The American Solar Manufacturers Against Chinese Circumvention filed three petitions requesting that the Commerce Department investigate what were alleged to be “unfairly traded imports” from the three countries.
Also on the rise: Solar imports are being detained by border agents, First Solar breaks ground in its 3.3GW Ohio plant, and partners turn to blockchain to help expand module recycling efforts.
The new facility in Ohio is scheduled to start operations in the first half of 2023 and represents a $680 million investment.
Vietnamese media claim the new factory is being built to diversify the company’s supply chain away from China and as an answer to new requirements from western countries and suppliers.
One question is whether or not manufacturers can keep up with demand, particularly inverters and semiconductors.
Also on the rise: 174 Power wins a regulatory OK for its 100MW/400MWh NYC energy storage project, the State Department issues a supply chain warning, and DOE offers millions for cell advancements.
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