Solar cell maker Neo Solar Power Corp (NSP, 新日光) yesterday said that it plans to focus on higher-margin monocrystalline products, especially passivated emitter rear contact (PERC) solar cells, and gradually exit the cutthroat polysilicon solar cell market after two years of losses.
“It is difficult to make a profit from polysilicon [solar cells] given poor average selling prices,” a company official said by telephone under the condition of anonymity.
Because of an oversupply, mainly from China, the prices of polysilicon solar products collapsed last year, the official said.
Polysilicon solar capacity accounts for more than half of Neo Solar Power’s overall solar cell capacity of 2.2 gigawatts, while monocrystalline solar cell production makes up about 40 percent, or 900 megawatts.
PERC solar cells enjoy a premium of at least US$0.05 per watt over conventional monocrystalline solar cells, allowing manufacturers to make a decent profit, market researcher TrendForce Corp (集邦科技) said.
Neo Solar — which lost NT$2.71 billion (US$88 million) in the first three quarters of last year, after losing NT$1.46 billion in 2015 — has been struggling amid a supply glut and weak demand, while its expansion into the solar power plant business has not yielded significant results yet.
“We will carry out the new strategy this year,” the official said. “We hope to see improvements [in our bottom line] in the fourth quarter of this year,” the official said.
Asked about the latest ruling by the US Department of Commerce cutting tariffs on solar products made by Taiwanese companies, Neo Solar said it is not one of the companies affected by the ruling.
The company still has to pay an import duty of 19.5 percent.
However, local peers Sino-American Silicon Products Inc (中美晶) and Motech Industries Inc (茂迪) will only have to pay tariffs of 3.5 percent and 4.2 percent respectively.
In 2014, the US government announced anti-dumping duties of 11.45 percent to 27.55 percent on imports of solar cells made in Taiwan.
The latest ruling came after US authorities relaunched an anti-dumping investigation last year as some Taiwanese companies requested.
Just a few years ago, the millennial generation — generally defined as those born from the early 1980s through the mid-1990s — was synonymous with youthful rebellion. However, now, as the millennials ease into early middle age, they are finding their path out of their parents’ basement to be a lot harder than it was for earlier generations. The fundamental problem is that millennials are not building wealth. The wealth of the median US household headed by someone 35 or younger has actually shrunk in inflation-adjusted terms since the mid-2000s, even as the wealth of older Americans has continued to grow. An
Gogoro Inc (睿能創意) yesterday launched its first electric bicycle, the Gogoro Eeyo 1, in Taiwan, after unveiling the bike in New York in late May and in France on Tuesday. The company said it would also introduce the series in other European countries such as Germany and the Netherlands. The “Eeyo project” is the fourth of Gogoro’s eight projects that concentrate on smart transportation, which includes Gogoro’s electric scooter, battery swap system and electric scooter sharing service, company founder and chief executive officer Horace Luke (陸學森) told a media briefing in Taipei. “There are various types of city commuters. We will not
EXPERIMENTAL DRUG: While news about a COVID-19 vaccine is more eye-catching, developing a treatment would be more viable, the Senhwa boss said Senhwa Biosciences Inc (生華科) aims to raise NT$1.5 billion (US$50.57 million) by issuing 15 million new common shares in the third quarter of this year to fund the research of new drugs, including the experimental drug Silmitasertib for the treatment of COVID-19, the company said on Monday. That would be the firm’s largest fundraising effort after it raised more than NT$1.4 billion from an initial public offering on the Taipei Exchange (TPEX) in April 2017, chief financial officer Sarah Chang (張小萍) told the Taipei Times by telephone. The price of the new shares would depend on the firm’s average share price
NOT A PANACEA: Offering 5G services would not solve the problem of declining telecom incomes, chairman Sheih Chi-mau said, expecting a flat 5G telecom revenue Chunghwa Telecom Co (中華電信) yesterday became the nation’s first telecom to debut its 5G services, offering tiered tariffs that include a threshold of NT$599 and flat rates, as it aims to switch half of its subscribers to the 5G network within three years. Subscribers would have unlimited data transmission for monthly fees starting at NT$1,399 — the same flat rate as when the company launched its 4G service in 2014 — and they can subscribe to the highest-rate plan for NT$2,699 per month for faster data transmission speeds and larger bandwidth, the company said. Data transmission speeds would be within the range