REC Silicon confident over Moses Lake restart amidst strengthening PV poly demand
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REC Silicon suspended production at Moses Lake in Q2 2019 following difficult trading conditions and a trade dispute with China. Image: REC Silicon.
European polysilicon provider REC Silicon has pinned hopes on plans to develop an ultra-low carbon solar PV value chain amidst a strengthening polysilicon market, stating it is confident that it will restart production at its Moses Lake facility.
Reporting its Q1 2021 results today, REC Silicon recorded revenues of US$28.1 million, down more than 20% sequentially on the US$36 million recorded in Q4 2020. Earnings however more than doubled sequentially to US$4 million.