Crystalline silicon solar cell maker Solartech Energy will further raise 2010 capacity to 500MWp in line with the latest adjustments to its expansion plan, according to sources with the Taiwan-based company.
In addition to shipments for the US and Europe, which have Solartech running at full capacity at the moment, demand from Japanese customers should increase in the coming months, the sources said, adding the company's current capacity is already reserved for the rest of the year.
Solartech's first-quarter profits should reach approximately NT$150 million (US$4.78 million), the same as its profits for the entire 2009, according to market watchers.
Solartech's annual capacity at the end of 2009 was 132MWp, according to the company sources. Capacity for 2010 initially was set at 232-250MWp, but the company has since raised the number to 360MWp in the first quarter and now again to 500MWp. Stronger-than-expected demand is the result of anticipation for Germany's subsidy cuts in the second half and 2011.
In separate news, fellow Taiwan-based solar cell maker, Gintech Energy has announced NT$1 billion or NT$3.26 per share in first-quarter net income. The company expects similar results in the second quarter and order visibility has reached the third quarter. Gintech said it produced 55MWp monthly in the last quarter.
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