Sino-American looks for 30% rise in shipment for next year

Facebook
Twitter
LinkedIn
Reddit
Email

Sino-American Silicon Products told Reuters.com that it expects its shipments to rise around 30% in 2010 as it sees that global market for solar power improving. Sino-American president Doris Hsu, told Reuters that the company is looking to raise cash by issuing shares and will see an increase in profit next year due to a higher demand for solar products, better wafer prices and lower raw material costs.

Sino-American is looking to ship around 400MW of wafers in 2010, which would be an increase from the 280MW they shipped this year. In addition the company is looking to take advantage of the solar markets in China and the US, where there are more incentives for solar projects.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Currently, Sino-American is negotiating the acquisition of a company in the US and, with its GlobiTech unit, will undertake the solar panel-making business with a 100MW solar module facility in the next three years, which Hsu hopes to eventually list on the Nasdaq.

Hsu concluded that although the company has not yet determined the size or timing for the share issue, they are still planning to issue new shares and target to raise less than $100 million.

Read Next

October 15, 2025
Wood Mackenzie has warned of a supply bottleneck as the renewable energy shift drives a spike in global copper demand over the next decade.
October 15, 2025
The average price of a solar PPA signed in North America increased 4% between the second and third quarters of 2025, according to LevelTen.
October 15, 2025
A report by IRENA and others has highlighted the need for yearly renewable energy deployments to almost double between now and 2030.
October 15, 2025
Independent power producer (IPP) Geronimo has begun construction on it’s150MW solar project in Illinois and commissioned the 125MW PV project in Michigan.
October 15, 2025
Ciel & Terre has launched a new floating PV structure designed to address the increasingly large scale of floating solar projects.
October 15, 2025
Indian module manufacturer Saatvik Green Energy, through its subsidiary Saatvik Solar Industries, has secured solar PV module orders worth INR6.89 billion (US$78 million).

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK