Tawain-based solar cell and module manufacturer TSEC Corporation has reported a significant increase in revenue for October 2017.
TSEC reported October sales of NT$701.8 million (US$23.25 million), up 32% from NT$530 million (US$17.45 million) in the previous month.
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The strong increase was said to be due to increased PV module shipments driven by demand in the domestic market. TSEC recently signed a memorandum of understanding (MoU) with the government of Pingtung County to develop up to 1GW of solar PV capacity in southern Taiwan and is building a new module assembly plant in the region.
Sales are only down around 13% from the previous year, compared to many rivals that had not recovered from weaker demand from China and fall ASP’s in the second-half of 2016.