Green Energy Technology Inc (綠能科技), the nation’s top solar wafer maker, yesterday said it has formed a strategic partnership with its solar cell client Motech Industries Inc (茂迪) to reduce manufacturing costs amid escalating industry competition.
Under the terms of the agreement, Green Energy will help manage a solar wafer factory owned by Motech, which is to focus on making solar cells, Green Energy said.
The factory can produce 500 megawatts of solar wafers a year.
That is the second deal made by Green Energy since it unveiled a joint venture with solar module maker Gintech Energy Corp (昱晶) in July to make solar modules in Mexico via its parent company, Tatung Co (大同).
At the same time, Green Energy is also to help manage a Gintech solar wafer factory.
Gintech and Motech are among local solar cell makers faced punishing import tariffs from the US, due to anti-dumping and anti-subsidy probes in related with Chinese solar firms.
“Together, we will have three-gigawatt capacity, which means a stronger pricing power. The cost saving will be significant,” Green Energy spokesperson Christine Chen (陳婷婷) said.
Green Energy has two-gigawatt capacity, while Gintech has about 500 megawatts, Chen said.
The share price of Green Energy surged 3.06 percent to NT$18.55 yesterday.
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