“Expansion of Solar Photovoltaic (PV) Applications”
- The growing adoption of renewable energy sources, particularly solar PV systems, is significantly boosting demand for high-purity silicon metal, a vital raw material for solar cells and wafers
- Advancements in monocrystalline silicon technology and PERC (Passivated Emitter and Rear Cell) solar modules are pushing manufacturers to invest in efficient silicon processing methods
- This trend is being reinforced by national targets for carbon neutrality and green energy investments, especially in Asia and Europe
For instance,
- In January 2024, LONGi Green Energy Technology announced plans to double its solar wafer production capacity in China to meet global solar panel demand fueled by rising silicon metal usage
- As solar PV adoption intensifies globally, silicon metal will remain at the forefront of green energy supply chains, driving consistent demand and long-term market growth
