Three of Taiwan’s merchant solar cell and module producers, Gintech Energy Corp, Neo Solar Power (NSP) and SolarTech Energy have separately announced the suspension of trading of their stocks on the Taiwan Stock Exchange beginning on October 16.
A basket of publicly-listed solar cell and module manufacturers on the Taiwan Stock Exchange (TSE) have continued to build sales momentum through September as demand increased for products from China, Europe and the US.
A basket of publicly-listed solar cell and module manufacturers on the Taiwan Stock Exchange (TSE) continued to experience a recovery in sales in June as China reaches a peak in utility-scale projects under the 2017 feed-in tariff and benefit from fears over the US ITC ‘Section 201’ case and the potential impact of higher module duties in 2018.
After several months of lacklustre sales from many key PV manufacturers in Taiwan, indicating an expected boom in China’s downstream PV market had yet to gain momentum, March sales data indicates improving market demand, yet not at the levels seen in the prior year quarter.
Many key PV manufacturers in Taiwan are still reporting monthly sales in February, 2017 that are well below the levels set in the first half of 2016, due primarily to the expected boom in China’s downstream PV market, which has yet to take hold.
Key Taiwan-based PV manufacturers have reported December, 2016 sales and indicated fourth quarter and full-year sales figures, which were primarily impacted by a slump in demand in the second half of the year.
Taiwan-based solar cell and wafer producers had been impacted by a major slowdown in PV project development in China in the third quarter of 2016. However, signs of a recovery emerged at the beginning of the fourth quarter and escalated further in November.
Taiwan-based solar cell and wafer producers are being impacted by slowing demand from China and unfolding overcapacity that has resulted in ASP declines hitting monthly revenue figures since June.
