After a strong recovery in solar cell shipments at the end of 2014, Taiwan-based cell producer, Gintech Energy reported a 29.8% month-on-month sales decline for January, 2015.
Gintech’s almost 30% fall in sales follows Neo Solar Power’s dramatic drop in sales for January.
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Gintech reported sales in January of NT$1,109 million (US$35.17 million), down from NT$1,580 million (US$49.69 million) in the previous month.
Taiwan-based market research firm, EnergyTrend recently warned of several challenges facing Taiwanese solar cell producers in 2015. These included the loss of sales to Chinese PV module manufacturer’s after the latest US anti-dumping case and the need to relocate some production overseas to avoid US import duties and regain custom from China, which would impact revenue streams during the transition.