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Taiwan govt offers assistance to photovoltaics industry

Post Time:Dec 15,2008Classify:Industry NewsView:367

Taiwan's Ministry of Economic Affairs (MOEA) will provide assistance to support the domestic production of low-iron glass, EVA (ethyl-vinyl acetate), silver/aluminum paste, solder and other raw materials that are needed in the photovoltaic (PV) industry but not currently produced in Taiwan.

The PV industry in Taiwan has grown sharply from NT$21.2 billion in 2006 to a forecast figure of NT$90 billion in 2008.

Among the companies slated to receive assistance are suppliers of polysilicon needed by downstream solar panel producers, including Sun Materials Technology, Taiwan Polysilicon, Muto Silicon and Top Green Energy Technologies. These companies are anticipated to invest a total of more than NT$30 billion.

Incentives
In view of the importance of PV-use polysilicon, the MOEA will offer various incentives to companies in this sector, including tax incentives provided for important and strategic sectors.

If local capacity expands smoothly, it is anticipated that PV-use polysilicon output will reach 10,000 to 20,000 metric tons in 2010, compared to a total global output estimated at 140,000 metric tons at that time.

Under a program to support development of new leading products, the MOEA will also provide assistance to domestic producers of low-iron glass, EVA, silver/aluminum paste, solder and other PV-use materials, such as Formosa Plastics, Taiwan Glass, Gigastorage and Shenmao. Total investment by these companies in the PV sector is anticipated to reach NT$3.6 billion. Gigastorage has already started supplying silver/aluminum paste, and the other companies are anticipated to bring related products to market in 2009.

The output from the planned capacity expansions is estimated to reach NT$40 billion and meet the full demand of downstream PV producers in Taiwan through to 2015.

Source: eetasia.comAuthor: shangyi

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