Dealing with the chronic lack of capital expenditure in the PV industry, Japan-based PV equipment supplier, NPC Group has turned to the contract module assembly business in order to stem two years of losses.
In providing second quarter financial results, NPC said that the boom in the Japanese downstream PV market meant is was able to secure several contracts to supply unidentified customers with modules for the domestic market.
The company said that it has secured its first customer in February, 2013 and started booking sales in June. Another large and long-term contract was signed in April with plans to secure more orders to achieve an annual 150MW of contract module assembly.
NPC group sales were said to have been 3,184 million yen, down 44.3% compared with the sales of the same period of the previous fiscal year.
Hit hard by the overcapacity in module manufacturing, NPC has been restructuring its operations and continues to wind-down operations at NPC-Meier in Germany as well as NPC Taiwan and NPC Korea.