GET to focus on expanding solar module sales in emerging markets

Stocks:

Taiwan-based multicrystalline wafer producer Green Energy Technology (GET) is targeting solar module sales in emerging markets to boost revenue and return to profitability. 

The strategic shift was outlined in reporting October 2017 wafer sales which have gradually recovered since June. At the recent PV Taiwan trade show, GET launched its VPC certified light-weight module, which uses in-house produced wafers. The company claimed it had secured its first module orders during the recent trade show.

The lightweight modules are designed for a range of applications including floating solar. The modules are made Gintung, a JV with solar cell producer Gintech.

The company said that with the global PV market expected to install around 100GW in 2017, a number of emerging markets in the gigawatt range have emerged, opening the opportunity to sell its light-weight module with support from parent group, Tatung’s PV system integration expertise. 

GET reported sales for October 2017 of NT$ 1,191 million (US$39.4 million), up 4.7% from the previous month when revenue reached NT$1,137 million (US$37.6 million).

Tags: green energy technology, pv taiwan 2017, c-si manufacturing, pv modules, solar cell, multicrystalline wafer, pv power plants, floating pv