The coming together of three of Taiwan’s largest solar cell manufacturers has been given the green light today by the respective boards of directors of the three companies. New company United Renewable Energy Co., is expected to become a recognized entity on March 28.
The Taiwanese Ministry of Economic Affairs (MOEA) today announced a 9.09% increase to FIT rates originally proposed in September for rooftop solar installations up 20 kW, in a bid to encourage further public participation in its Green Energy Roofs project.
The Taiwanese Government is set to invest in the United Renewable Energy Company (UREC), which is expected to be officially formed in Q3 2018 by solar cell makers, Neo Solar Power (NSP), Gintech Energy and Solartech Energy. The new company will shift focus from cell manufacturing to downstream solar PV.
The Taiwanese cell producer said it will use the funds to repay existing loans and finance operations.
Neo Cathay Pacific, which is a joint venture between Neo Solar Power and Cathay Life Insurance, has, via its own subsidiary Si One Corp, secured NT$5bn syndicated loan to develop 100 MW of solar projects in Taiwan.
The 8th Quality Roundtable brought into sharp focus the challenges that Taiwan’s fast-growing solar market faces as it attempts to ramp up towards its 20 GW by 2025 PV goal. Typhoons, humidity and sea spray are just the beginning.
In solar PV, while the world seems focused on quantity – how many megawatts installed, at what price – solar power manufacturers, installers, and operators know that quality is crucial to the successful delivery of clean and profitable power.
Newly formed United Renewable Energy Co. is the result of the merger between three of Taiwan’s leading solar companies. Move comes at a time of intense competition in the Taiwanese solar space.
Three of Taiwan’s largest solar cell and module manufacturers – Gintech, Neo Solar Power and Solartech – will suspend common stock transactions next week, prompting rumors that a merger between the three firms could be on the cards.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.