China-based monocrystalline wafer producer Solargiga Energy Holdings has reported that primarily due to demand from the Japanese PV market it is fully booked out in 2013.
The company said that monocrystalline wafer production capacity stood at approximately 900MW at the end of 2012.
Demand for its solar cells and modules were also fully booked for the year. Solargiga said that capacity for both stood at approximately 300MW and approximately 150MW, respectively. Demand had also driven by growth of the PV market in China, according to the company.
Hsu You Yuan, CEO and executive director of Solargiga said: “The end-customer demand trend continues to grow in popularity in 2013 for photovoltaic development, mainly driven by strong market demand from the PRC and Japan. In traditional photovoltaic markets like the EU and still largely untapped markets like the US – both operate under the fear of anti-dumping duties and countervailing tariffs amid an ongoing trade dispute.
“In 2012, the EU accounted 11.2% of total Group turnover while the US only accounted for 0.5%. Meanwhile, the PRC and Japan accounted for approximately 83% of the total top line. Therefore, we believe the trade spat with the EU and US has less impact on the Group. Due to the trade dispute, the Group is actively developing the Turkish market to compensate, as well as hoping the Eurasian country can become a stepping stone to enter the markets of Europe, Africa and the Middle East.”