GET terminates wafer supply deal with sub-contractor Eversol

Taiwan-based multicrystalline wafer producer Green Energy Technology (GET) has said had terminated a sub-contracting wafer supply deal with another Taiwan-based wafer producer, Eversol Corporation

GET had been using Eversol as third-party supplier since operating its existing wafer operations above 95% utilisation rates, due to strong demand from 2015 through to the end of June, 2016. However, a slowdown in demand from Taiwan cell producers and customers in China in the second half of the year meant GET was forced to significantly reduce outsourced wafer capacity from third-parties to keep in-house utilisation rates high.

In the case of Eversol, GET noted that the wafer supplier had become embroiled in a lawsuit and the ‘execution of provisional seizure by a third party’ preventing Eversol from providing wafers to GET under an existing contract, according to the GET statement. 

GET claimed that Eversol had provided only a small proportion of its outsourced wafer needs, however Eversol was touted to have around 1GW of ingot and wafer slicing capacity to GET’s 2GW back in mid-2015 when the supply deal was started.

The legal and possibly financial problems surrounding Eversol may have been exacerbated by major Korean polysilicon producer terminating a polysilicon supply deal with Eversol late last year. 

Tags: green energy technology, multicrystalline wafer, eversol, oci company, polysilicon