The nation’s biggest solar cell maker, Motech Industries Inc (茂迪), yesterday said it planned to ship new higher conversion efficiency products next quarter, which the company said would help it cement its market position.
Motech, based in Tainan, said the new technology, dubbed X-Cell, will help boost the conversion efficiency rate to more than 17.5 percent, allowing the company to generate more electricity on the same sized mono-crystalline silicone solar cells, a filing to the Taiwan Stock Exchange said yesterday.
The company also said it did not have to invest extra capital on purchasing new equipment for using the latest technology.
Last month, Motech chairman Simon Tsuo (左元淮) forecast that shipments would grow next quarter from the second quarter as demand rebounds.
Tsuo also said the company would keep unchanged its goal of increasing output by 44 percent to 400 megawatts this year compared with last year.
Meanwhile, solar cell maker Neo Solar Power Corp (新日光), said on Thursday that its board had approved a plan to issue another 30 million common shares to finance equipment purchases.
Neo Solar plans to more than double its capacity to 510 megawatts this year, from 210 megawatts last year. It also plans to boost its conversion efficiency rate to at least 16.8 percent this year, from last year’s 16.3 percent.
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