By Finlay Colville, Head of market intelligence, Solar Media
Capital expenditure by the solar PV industry continues to rebound from the lows of 2012, but the spending trends have now shifted from polysilicon expansions to cell capacity additions. In particular, the transition to cell capex has been driven mainly by the need for Chinese module suppliers to diversify manufacturing outside mainland China and especially to countries in Southeast Asia, coupled with the ongoing problems for polysilicon producers struggling to adapt to sales prices for goods produced.
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