Wednesday, October 22, 2008

Taiwan-based Green Energy Technology invests in China maker of solar silicon wafers

Nuying Huang, Taipei; Adam Hwang, DIGITIMES [Tuesday 21 October 2008]

Green Energy Technology (GET), a Taiwan-based producer of solar-grade polycrystalline silicon wafers, on October 20 announced its investment of US$5.05 million for a 40% stake in a new joint-venture provider of slicing solar-grade polycrystalline silicon ingots into wafers in northern China, according to GET.

The new provider, with does not yet have an English corporate name, begun factory construction earlier in October 2008 and is expected to start operation in the second half of 2009 with an initial annual production capacity equivalent to 60MWp, GET indicated. While the joint venture is to supply makers of solar cells in China, its establishment is in line with Tatung Group's business strategies of solar energy in the China market, GET pointed out. GET is a member of Tatung Group.

GET will expand its production capacity of polycrystalline silicon wafers in Taiwan through setting up additional lines of slicing ingots into wafers, the company indicated. The additional lines will be completed in the third quarter of 2009, with their aggregate capacity to account for 80% of EGT's total domestic capacity, the company noted.

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