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

March 6, 2026
French energy major TotalEnergies has initiated pilot operations of the first generating unit at its 1GW solar farm in Iraq’s Basra region.
March 6, 2026
US solar manufacturer Silfab Solar has disputed some reports of chemical spillages at its manufacturing facility in Fort Mill, South Carolina.
March 6, 2026
Origis Energy has secured US$545 million in financing for three utility-scale solar projects with a combined capacity of 413MW in Texas.
March 6, 2026
Spanish independent power producer (IPP) Zelestra has begun the construction of 253MWdc Echols Grove and 188MWdc Cedar Range projects in Texas.
March 6, 2026
Silfab solar has paused operations at its module manufacturing plant in South Carolina following chemical spills.
March 6, 2026
Portland General Electric (PGE) has finalised agreements for more than 1,000MW of new renewable energy and battery energy storage system (BESS) projects in the US state of Oregon.

Upcoming Events

Solar Media Events
March 24, 2026
Dallas, Texas
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