SunEdison is making the prediction that with the large-scale implementation of its new high-pressure fluidized bed reactor technology at its new facility in Korea that it will be able to supply source polysilicon capable of allowing 400-watt peak solar PV panel performance at a cost of $0.40 per watt sometime before 2016, according to reports.

The previously mentioned high-pressure fluidized bed reactor technology (HP-FBR) that SunEdison recently developed reportedly produces high-purity polysilicon over 10 times more efficiently than the industry standard Siemens processes, while at the same time using considerably less energy doing so (90% or so less energy).

“Solar energy is at a transformational moment in time and innovative technology is what will power that transformation,” explained SunEdison CEO Ahmad Chatila. “Our latest advance is a leap forward in solar technology and will enable solar power to become the lowest cost energy solution – not just an alternative to other renewables, but the cost-winner over fossil fuels as well.”

Chatila also made note of the fact that the new polysilicon plant in Ulsan, Korea, had been expanded from its original design to produce 13,500MT per annum, rather than 10,000MT. Currently, full production capacity at the facility is expected to be reach by the end of the first quarter of 2015.

If SunEdison’s predictions (or is that assurances?) are true, then the company will have a significant advantage over its competitors. As it stands now, the company’s rivals — such as Yingli Green — have module costs below $0.50/W.