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Climate Adaptation

China Solar Supplier Plans Huge Plant to Meet Soaring Demand

  • Xinte Energy to build 200,000 ton polysilicon plant in Baotou
  • Expansion will widen 2023 surplus from current deficit: Daiwa
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One of the world’s largest producers of the key raw material for solar panels is planning a massive expansion amid surging demand for clean energy.

Xinte Energy Co. will build a polysilicon project able to produce about a third of current global production in Inner Mongolia, it said Monday in a filing to the Hong Kong stock exchange. The company’s shares have more than quadrupled since mid-December on the back of demand for the material that transmits electrons excited by photons of light, generating electricity.