20 May 2008

Motech Forms Partnership with Solar Semiconductor

Last week we noted the increased investment in the solar cell industry with many companies ramping up production. Additional news is that Motech has apparently a significant deal to collaborate with Solar Semiconductor. China Economic News (CENS) reports:

Motech Industrial and Solar Semiconductor recently agreed to collaborate on development of thin-film solar cell technology and silicon-wafer supplies shortly after Motech received Solar`s lucrative orders for 120 megawatts of solar cells.

Industry watchers estimated the orders at over NT$10 billion (US$333 million at US$1:NT$30), given that one megawatt of solar cell now sells for around NT$100 million (US$3.3 million).

Solar Semiconductor is among the top three Indian suppliers of solar modules, specializing in polycrystalline and mono-crystalline solar modules.

Article:Motech Forms Partnership With Solar Semiconductor

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