E-Ton raises capital to combat debt

August 4, 2009
Facebook
Twitter
LinkedIn
Reddit
Email

E-Ton Solar Tech, the Taiwanese crystalline-silicon solar cell maker, has announced that it has raised NT$2.415 billion by issuing new shares at the price of NT$80.5 per share, according to DigiTimes.

The funds, which amount to US$73.7 million, will go towards repaying company loans and decrease the debt ratio currently held by E-Ton from the 63% it stands at now, to around 50%.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

E-Ton also plans to raise a further NT$1.0 billion by issuing domestic convertible bonds. The company intends to expand its capacity to 350MWp by the end of 2009, shipping 250MWp of solar cells by the end of the same period.

 

Read Next

April 2, 2026
Solar manufacturer Qcells is expanding into integrated home energy systems with a new division targeting the US residential construction sector.
April 2, 2026
LONGi has launched its solar-plus-storage strategy, LONGi One, marking a shift from traditional multi-vendor system architectures to a fully integrated design approach.
April 2, 2026
Monocrystalline passivated emitter rear contact (PERC) modules saw a 20% increase in average price in the US, according to Anza.
April 2, 2026
Pan-African developer Axian Energy has reached financial close on what it is billing as West Africa’s largest solar-plus-storage project.
Premium
April 2, 2026
R.Power's Michał Swół speaks to PV Tech Premium about Germany's position as a leader in Europe's renewable energy auction space.
April 2, 2026
French oil and gas major TotalEnergies has signed a US$2.2 billion joint venture (JV) with the Emirati state-run renewable energy developer Masdar to jointly develop renewables across Asia.

Upcoming Events

Solar Media Events
April 15, 2026
Milan, Italy
Solar Media Events
June 16, 2026
Napa, USA
Solar Media Events
October 13, 2026
San Francisco Bay Area, USA
Solar Media Events
November 3, 2026
Málaga, Spain
Solar Media Events
November 24, 2026
Warsaw, Poland