Taiwan's leading solar PV companies have enjoyed an extremely positive start to 2014, with three of the countrys most well-known firms posting robust performance figures for the month of February.
Neo Solar Power Corp. (NSP) led the way with a 171.18% year-on-year increase in revenue last month. The solar cell manufacturer recently merged with fellow Taiwanese cell producer DelSolar Co. Ltd. in a move that helped swell NSPs revenue to $77.1 million last month.
Although undoubtedly a strong performance, that figure was actually down by 3.67% on January, indicating just how well NSP has begun the year. Combined, the aggregate revenue for January and February was an impressive 186.7% increase on last year.
Fellow Taiwanese solar company Motech Industries has also posted a positive set of figures, reporting a 90.93% year-on-year revenue increase for February, when earnings topped $62.8 million. Like NSP, this was actually down slightly (8.42%) on January, but the two-month aggregate compared to last year revealed a revenue increase of more than 95%.
Finally, Taiwan-based multicrystalline wafer producer Green Energy Technology Inc. (GET) posted revenues of $42.5 million in February, which is an 39.6% increase on last year. Combined, the aggregate revenues achieved in January and February this year are 51.5% up on last year, with the company able to run its production capacity utilization at more than 95% throughout February a performance that hints at further strong growth figures to come for the months of March and April.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.