Solar cell and module supplier TSEC Corp (元晶) yesterday gave a robust outlook for this quarter, with an order backlog that would take at least two quarters to digest.
The company, based in New Taipei City’s Sindian District (新店), said it has started taking orders for delivery in the third quarter of next year, as its production lines are fully booked.
This should help TSEC swing back to the black this quarter and help offset losses of NT$198.69 million (US$7.16 million) in the first three quarters, company spokesman Henry Chiang (江郅豪) told a media briefing in Taipei.
Photo: CNA
“Both shipments and prices are on the rise in the fourth quarter. We have a chance to eke out a profit for the full year,” Chiang said. “Revenue this month should remain at the same high level as that of November.”
TSEC expects the improvement in profitability to extend into next year, thanks to falling raw material costs and a surge in solar module demand in the domestic market.
The company expects solar panel installations in the nation to climb to more than 11 gigawatts (GW) next year, suggesting an increase of more than 3GW.
Photo: Lisa Wang, Taipei Times
“There is a lot of catch-up to do next year, as installations this year have been slow due to the COVID-19 outbreak and raw material shortages,” Chiang said.
By the end of this year, Taiwan’s solar energy installation is estimated to reach 7GW, less than half of the government’s 20GW target by 2025.
To satisfy customer demand next year, TSEC is investing NT$1 billion to build a new solar cell line and solar module line next year to make larger solar modules, Chiang said.
Photo: Lisa Wang, Taipei Times
That would increase its solar cell and module capacity to 1.5GW next year from 1GW this year, after new M6 (166mm2) and M10 (182mm2) solar cells enter production next year, he said.
Solar cell and module maker Motech Industries Inc (茂迪) shared TSEC’s optimistic view.
“There will be explosive growth in the first and second quarters next year. The momentum would to carry into the second half,” Motech president Fred Yeh (葉正賢) told reporters on the sidelines of the annual Energy Taiwan trade show in Taipei.
“Customers have to wait for six months to receive their products,” Yeh said.
The company plans to roll out new-generation tunnel oxide passivated contact (TOPCon) cells that can produce more solar power in the third quarter next year, after current-generation TOPCon gains traction.
Motech, based in Tainan, plans to expand its TOPCon solar cell capacity to 200 megawatts (MW) next year, up from 15MW this year.
Dutch brewing company Heineken NV yesterday said that it has reached an agreement to acquire a subsidiary brewery of Taiwan’s Sanyo Whisbih Group (三洋維士比集團). Heineken is to assume majority ownership and management rights of the Long Chuan Zuan Co (龍泉鑽興業) brewery in Pingtung County’s Neipu Township (內埔), the Dutch company said. It would become the first multinational brewing company to operate brewery in Taiwan once the acquisition is completed. The deal has been approved by the Ministry of Economic Affairs’ Investment Commission, but details of the financial transaction cannot be disclosed at this time, as terms of the settlement have not been completed,
Had Audrey Hepburn and Gregory Peck hopped on an electric scooter rather than a Vespa in the classic film Roman Holiday, their spin around the Eternal City might have ended in tears. The number of crashes and near-misses involving the two-wheelers has prompted Rome authorities to impose some order on a booming rental market that began two years ago. The havoc came to a head earlier this month when two US tourists attempted a night-time drive down the Spanish Steps, causing more than 25,000 euros (US$26,392) worth of damage to the 18th-century monument. Caught on security footage, the couple in their late 20s
LOOK WHO OWES: China’s exposure to Taiwanese banks was the second-largest, with Luxembourg third, followed by Hong Kong and Japan, the central bank said The US remained the largest debtor country to Taiwan’s banking sector for a 27th consecutive quarter in the first quarter of this year, with its exposure rising 8.3 percent from a quarter earlier on the back of an increase in US bonds, the central bank said on Friday. Data compiled by the central bank showed that outstanding international claims by Taiwanese banks on a direct risk basis to the US stood at US$125.38 billion as of the end of March. Department of Financial Inspection deputy head Pan Ya-hui (潘雅慧) said that the US Federal Reserve’s launch of a rate hike cycle in
GREEN CITY: The company is set to invest US$8 billion to make electric vehicles and batteries for a new city that would rely entirely on renewable energy sources Indonesia said that Hon Hai Precision Industry Co (鴻海精密) is considering investing in the country’s new capital city, a move that would bolster the US$34 billion construction project. Hon Hai, which is known as Foxconn Technology Group (富士康科技集團), is looking at setting up an electric bus system and an Internet of Things network at Nusantara, as Indonesia’s new capital is to be called, Indonesian Minister of Investment Bahlil Lahadalia said in a statement yesterday. Hon Hai chairman Young Liu (劉揚偉) met with Indonesian President Joko Widodo on Saturday to discuss the company’s plan to invest US$8 billion to build a manufacturing plant
RSS