Danen Technology, the solar-grade ingot and wafer manufacturer based in Taiwan, has revealed its plans to expand its production capacity from 120MWp to 210MWp by the end of this year. The company also has plans for further expansion to 300MWp by the end of the first half of 2011, according to the report on Digitimes.
Danen is currently in the process of completing its second wafer manufacturing plant, which is expected to be finalized in September this year. Plans for this plant, which will have an initial capacity of 90MWp, include an expansion to 400MWp by an unspecified date, and the installation of a 600kg crystal growth furnace, supplied by an unnamed Germany equipment provider.
The company recently posted a high gross margin of 23.2% for the first quarter of 2010, and was cited as having said that demand for the company’s products is exceeding supply by around 40-50%.