Daqo has signed an investment agreement to build a new silicon-based facility in Xinjiang, China. The second phase will double the capacity of polysilicon and silicon metal production, increasing by 1.2 million pieces of silicon seed rod, and investing almost RMB7.5 billion. This could limit Daqo’s ability to supply its products to the US market or the production of modules exported from the US due to the current Uyghur Forced Labor Prevention Act (UFLPA), which prevents goods produced in the region from entering the country as they are produced using forced labour. The UFLPA is expected to have a significant impact on the US solar industry, with 2GW worth of solar PV modules detained at the US border in 2022 due to its border ban.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
