Fri, Dec 07, 2012 - Page 14 News List

Green Energy posts second month of revenue increase

By Lisa Wang  /  Staff reporter

Green Energy Technology Inc (綠能科技), the nation’s biggest solar wafer maker, yesterday posted its second straight month of revenue growth, benefiting from growing demand from Chinese solar companies amid pending trade disputes.

Last month’s growth was boosted by an increase in demand following anti-dumping and subsidy probes into Chinese solar products, the Taoyuan-based firm said in a statement. Its high-efficiency solar wafers also helped gain market share, it said.

Revenues rose 22 percent to NT$769 million (US$26.5 million) last month, compared with NT$631 million in October, but down 26 percent from NT$1.04 billion in November of last year.

“Industry uncertainties, including the investigation into anti-dumping and subsidies [by the US and EU], sped up vertical cooperation between Green Energy and the world’s tier-one solar makers,” Green Energy said.

Meanwhile, solar wafer maker Sino-American Silicon Products Inc (SAS, 中美晶) yesterday posted a 41.13 percent increase in its solar business to NT$374 million, compared with NT$265 million in October, although it was a 10 percent contraction from NT$416 million a year ago.

On a consolidated basis, SAS said revenue grew 7.22 percent to NT$1.74 billion last month from NT$1.62 billion in the prior month. That was 1.53 times more than the NT$689 million posted in the same period of last year.

Local solar cell maker Neo Solar Power Corp (新日光) reported on Wednesday that its revenues rose 1.67 percent to NT$790 million last month from October’s NT$777 million. That was a 33.31 percent plunge from the NT$1.19 billion posted in the same period last year.

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