Solar outlook rosy: group
Taiwanese solar companies are expected to grow their revenue by 16 percent this year to more than NT$172.26 billion, driven by a worldwide increase in solar system installations, the Photonics Industry and Technology Development Association (PIDA, 光電協進會), a local market researcher, forecast yesterday. Last year, local solar companies’ revenue grew by about 20 percent to NT$148.5 billion on greater demand from Asia, according to PIDA. Global solar system installation is forecast to rise to between 42 gigawatts and 45 gigawatts this year, PIDA said. Last year, global solar system installation was 36 gigawatts and is expected to grow by 36 percent to 49 gigawatts this year, according to a December forecast from SolarBuzz, another market researcher.
MOEA lists China projects
The Ministry of Economic Affairs yesterday said it approved 32 China-bound investment projects worth US$1.67 billion last month, including the first cross-strait naphtha cracker investment plan. The total was 1.68 times the amount approved in the same period last year, boosted by a US$721 million investment by Taiwan Cement Corp (台泥), the ministry said in a statement on Thursday. The projects included a local consortium’s plan to spend US$264 million building naphtha crackers in China’s Fujian Province in a joint venture with Chinese firms.