Green Energy Technology may swing to profitability in 3Q14, says president

June 30, 2014 by  
Filed under Green Energy News

Solar-grade polycrystalline silicon wafer maker Green Energy Technology (GET) is likely to see its business turn from the red in the third quarter of 2014, according to company president Lin Shih-yuan.

Taiwan-based solar-grade wafer makers have suffered operating losses for a while due to price competition from China-based makers who are receiving support from the China government , GET chairman WS Lin said.

However, the impact of price competition is expected to disappear after the US Department of Commerce decides on preliminary anti-dumping tariffs for PV products imported from China and Taiwan on July 24, Lin Shih-yuan indicated.

GET currently has an annual production capacity of 2GWp solar-grade polycrystalline silicon wafers in Taiwan, with energy conversion rates for own-brand V-series reaching an average level of 18.4% and a high 19%, Lin said. GET plans to expand its total production capacity to 2.5-3GWp at the end of 2014 through leasing production capacity in China and using advanced technology to hike ingot-growing capacity by 20-30% in Taiwan, Lin indicated.

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