Daqo New Energy Corp. announced that its subsidiary Xinjiang Daqo had obtained energy consumption approval for its polysilicon projects in Baotou, in China'sInner Mongolia autonomous region. The abovementioned polysilicon projects consist of a 100,000 MT polysilicon project for the solar industry and a 1,000 MT polysilicon project for the semiconductor industry with an estimated total investment of RMB 8.55 billion.

Construction is expected to start in the first quarter of 2022 and to be completed in the second quarter of 2023.