Gintech plans 350 MW solar cell production in Thailand

Share

Taiwanese cell manufacturer, Gintech Energy has established Gintech (Thailand) in order to begin commercial solar cell production in Thailand. An initial investment of US$45 million is being made to acquire land, the facility and equipment.

The manufacturing facility is scheduled to be operational by late this year, while commercial production is expected to commence in Q1 2016. Gintech said the Thai Government has granted the venture "maximum support".

No further details were provided and the company was unavailable for immediate comment.

The move has come on the back of falling prices for cells in markets like China and Taiwan, due to the imposition of trade barriers. Gintech mentions in a statement released that average selling prices for cells manufactured in Thailand are 20% higher than those seen in China and Taiwan.

Wen-Yen Pan, chairman and CEO of Gintech Energy added, "We expect Gintech (Thailand) to be profitable when it reaches full utilization, given Thailand’s lower labor, land and facility costs and favorable investment environment."

In February, Gintech said it was mulling the idea of relocation on the back of U.S. import tariffs of up to 27.55%, in order to remain competitive.

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.

Popular content

Longi introduces 665 W HPBC photovoltaic modules

11 October 2024 The Chinese PV manufacturer said its new module series has a power conversion efficiency of up to 24.8% and temperature coefficient is -0.26% per C.

Share

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

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.