April figures have declined ahead of what many industry observers expect to be the highest quarter of downstream demand in China this year. Image: Gintech

April figures have declined ahead of what many industry observers expect to be the highest quarter of downstream demand in China this year. Image: Gintech

China’s National Energy Administration (NEA) recently reported that the country added 7.21GW of solar PV in the first quarter of 2017, roughly 70MW more than in the prior year period, yet sales by many Taiwan based suppliers of solar cell and modules have remained between 30 to 40% lower than the prior year period.

Although monthly sales figures for a number of Tawain-based suppliers in March, 2017 tentatively indicated a recovery in demand, April figures have declined ahead of what many industry observers expect to be the highest quarter of downstream demand in China this year. 

The recent figures from NEA also indicate that demand from China’s downstream market for Taiwanese supplied products could have structurally changed, potentially due to increased manufacturing capacity expansions by Chinese producers in 2016.

Gintech Energy

Merchant solar cell and module producer Gintech Energy reported a decline in sales in April, 2017, after a reasonable increase in sales in March.

Gintech’s sales in April were around NT$941.06 million (US$31.2 million), compared to US$39.05 million in the previous month. 

Sales in the first four months of 2017 have remained over 30% lower than the prior year period. 

Sales in the first four months of 2017 have remained over 30% lower than the prior year period.

Sales in the first four months of 2017 have remained over 30% lower than the prior year period.

Solartech Energy

Merchant solar cell producer Solartech Energy Corp reported a slight jump in sales for April, 2017. 

Solartech reported April sales of around NT$531 million (US$17.6 million), compared to NT$459 million (US$14.98 million) in the previous month.

However, sales in the first four months of 2017 have remained around 58% below the prior year period.

Sales in the first four months of 2017 have remained around 58% below the prior year period.

Sales in the first four months of 2017 have remained around 58% below the prior year period.

Motech Industries

PV cell and module manufacturer Motech Industries sales declined in April after a reasonable uptick in the previous month.

Motech’s sales in April reached around NT$1,685 million (US$55.89 million), down from around US$61.4 million in the previous month.

Sales in the first four months of 2017 have remained around 46% lower than the prior year period.

Sales in the first four months of 2017 have remained around 46% lower than the prior year period.

Sales in the first four months of 2017 have remained around 46% lower than the prior year period.

TSEC Corporation

PV cell and module manufacturer TSEC Corporation sales took a meaningful knock in April and are proving to fluctuate markedly in 2017.

TSEC reported April, 2017 sales of around NT$457.7 million (US$15.1 million), down from NT$557.6 million (US$18.49 million) in the previous month.

Sales in the first four months of 2017 have trended around 20% below the same period in 2016. 

Sales in the first four months of 2017 have trended around 20% below the same period in 2016.

Sales in the first four months of 2017 have trended around 20% below the same period in 2016.

Tags: tsec, motech industries, solartech energy, gintech, c-si manufacturing, solar cell, pv modules, taiwan

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