Citing current demand for solar wafers that is 50% higher than its manufacturing capacity, Taiwan-based Green Energy Technology is boosting ingot and wafer production to 500MW each, respectively, by the end of the second quarter. Current capacity, which was boosted early in the third quarter of 2009, stands at 360MW for ingots and 300MW for wafer slicing.
Ingot capacity is expected to reach 410MW in Q1 and wafer slicing capacity 350MW. However, 50MW of wafer slicing capacity will come from third-party player MPI Corp.
Green Energy recently announced its net sales for December 2009, which were close to NT$1 billion (NT$ 918.56 million), a month-on-month increase of 2% but a year-on-year increase of 50%. Sales for 2009 totalled NT$ 8,895 million, an increase of 1.2% compared that of 2008.