Fri, Feb 07, 2014 - Page 14 News List

Solar industry posts gains

ROBUST DEMAND:Neo Solar Power Corp posted high solar cell revenue gains yesterday as growing overall market demand buoys the industry recovery

By Lisa Wang  /  Staff reporter

Neo Solar Power Corp (新日光), the nation’s biggest solar cell maker, yesterday said it posted its strongest monthly revenue in nearly three years last month as robust demand boosted solar cell prices amid an industry recovery.

Revenue grew to NT$2.42 billion (US$79.81 million) last month, compared with NT$820 million in the same period of last year, according to a company statement. On a monthly basis, revenue increased 0.76 percent from NT$2.41 billion in December last year.

“January’s revenue growth was mainly boosted by strong overall market demand and a slight increase in the average selling price of solar cells,” Neo Solar said in the statement.

“Additionally, the factories are running in high gear,” the report said.

Neo Solar said it is continuing to develop new high-efficiency solar cells to meet growing demand.

Solar cell maker E-Ton Solar Tech Co (益通) yesterday also posted significant revenue growth, to NT$406 million for last month, compared with NT$123 million in the same period of last year, according to the company’s filing to the Taiwan Stock Exchange. That meant a 2.53 percent monthly increase from NT$396 million in December.

Meanwhile, solar cell maker Gintech Energy Corp (昱晶) posted 55 percent annual growth for last month’s revenue at NT$1.36 billion from NT$877 million. However, that was a monthly decrease of 2.86 percent.

In a separate statement, Green Energy Technology Inc (綠能科技), the nation’s biggest solar wafer maker, yesterday said revenue expanded 65 percent year-on-year to NT$1.34 billion last month, due to persistent good demand for its high-efficiency wafers.

Green Energy made NT$812 million in revenue in January of 2012.

To keep up with growing demand, Green Energy plans to spend a minimum amount of capital on increasing capacity.

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