Gintech plans 350 MW solar cell production in Thailand

Gintech Thailand subsidiary has been established to set up a 350 MW solar cell production line in Thailand. It is expected to commence commercial operation in the first quarter of 2016.

Taiwanese cell manufacturer, Gintech Energy has established Gintech (Thailand) in order to begin commercial solar cell production in Thailand. An initial investment of US$45 million is being made to acquire land, the facility and equipment.

The manufacturing facility is scheduled to be operational by late this year, while commercial production is expected to commence in Q1 2016. Gintech said the Thai Government has granted the venture “maximum support”.

No further details were provided and the company was unavailable for immediate comment.

The move has come on the back of falling prices for cells in markets like China and Taiwan, due to the imposition of trade barriers. Gintech mentions in a statement released that average selling prices for cells manufactured in Thailand are 20 per cent higher than those seen in China and Taiwan.

Wen-Yen Pan, chairman and CEO of Gintech Energy added, “We expect Gintech (Thailand) to be profitable when it reaches full utilization, given Thailand’s lower labor, land and facility costs and favorable investment environment.”

In February, Gintech said it was mulling the idea of relocation on the back of US import tariffs of up to 27.55 per cent, in order to remain competitive.

Thanks for reading to the end of this story!

We would be grateful if you would consider joining as a member of The EB Circle. This helps to keep our stories and resources free for all, and it also supports independent journalism dedicated to sustainable development. It only costs as little as S$5 a month, and you would be helping to make a big difference.

Find out more and join The EB Circle

Advertisement
blog comments powered by Disqus
Advertisement

Most popular

View all news

Industry Spotlight

View all

Feature Series

View all
Asia Pacific’s Hub For Collaboration On Sustainable Development
An Eco-Business initiative
The SDG Co