Sino-American Silicon Products (SAS), a Taiwanese solar-grade crystalline silicon wafer maker, has announced plans to build a crystalline silicon solar cell manufacturing facility in Germany. The plant will cost approximately US $11 million and will have an annual production capacity of 200MWp.
This new crystalline silicon solar cell facility will target the U.S. and European markets. By locating in Germany, the company can avoid anti-dumping and anti-subsidy tariffs imposed by the European Union and the U.S. Department of Commerce. SAS has stated that the high cost of labor in Germany will be offset by the level of automation possible which will also enable them to make a high quality product.
Second Quarter Financial Results
SAS also released its financial results for the second quarter, yesterday. They were as follows:
- consolidated revenues of NT$13.919 billion (US$442 million)
- gross margin 14.25%
- net profit NT$398 million (US $12.4 million) and net EPS NT$0.35 (US $0.01)for the first half of the year.
Ground Breaking Ceremony in the Philippines
SAS susbsidiary, SAS Sunrise Inc., held the ground-breaking ceremony for SEPALCO, the first solar energy plant in Palo city of the middle Philippines.
SEPALCO will use SAS’ high efficiency mono-crystal CELCO cell and a high efficiency module made by its subsidiary in Germany, Alea.
This solar plant will be able to provide about 71 megawatts that will help the Philippines in its critical shortage of electrical generating capacity.
Tracey is an accountant and entrepreneur with a passion for nature. This passion is what spurred her interest in renewable energy, and the rest is history as they say. Tracey is a principal in Energy Think Group, the publisher of Solar Thermal Magazine and Tek-Think. She is also the principal at Women's Financial Help Desk. She spends her free time in the outdoors with her horses and dogs. She loves to travel.