E-Ton receives 50MWp solar cell order

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Digitimes reports that the Taiwan-based crystalline silicon solar cell producer E-Ton Solar Tech has received an order for 50MWp of solar cells from a previous client, with shipments to occur this year.

Industry sources in Taiwan have speculated that the client is BP Solar International, citing the fact that BP Solar’s planned closure of its Australian factory by March 2009 would require an increase in its outsourced production. Sources stated that E-Ton would make solar cells from 6-inch poly-Si wafers, and Taiwan-based Motech industry would make solar cells from 5-inch poly-Si wafers.

Sources further reported that E-Ton has been certified by several clients for its 5-inch monocrystalline silicon wafer solar cells at an energy conversion rate of 18%. The sources also noted that E-Ton is prepared to produce 6-inch monocrystalline and poly-Si wafer solar cells.

E-Ton’s capital expenditure is estimated to be US$80 million in 2009, an increase from US$60 million in 2008. Sources reported that E-Ton will receive additional funds by issuing new shares for private placement at the temporary price of NT$70 (US$2.12) per share. According to E-Ton, fundraising will be completed in March 2009.

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