Is China's $7 billion plan to reduce polysilicon overcapacity feasible?

OPIS, Wood Mackenzie, and Bernreuter Research have spoken with pv magazine about China's alleged $7 billion plan to reduce polysilicon oversupply and restore a sustainable pricing environment for the PV supply chain, but opinions remain divided on its feasibility and effectiveness. China's six largest polysilicon manufacturers plan to raise about CNY 50 billion ($7 billion) to buy and idle roughly one-third of the country's polysilicon production capacity, Reuters reported, citing a statement from GCL Technology Holdings. If carried out, this move would shut down about 1 million metric tons ...

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