Solar module supplier TSEC Corp (元晶太陽能) has secured a NT$2.3 billion to NT$2.5 billion (US$81.15 million to US$88.21 million) major supply contract for two new ground-mount solar farms in Taiwan, boding well for the company’s hopes of making a turnaround.
The new orders would start to contribute to revenue from this month through February next year, TSEC said in a statement on Thursday.
The new contract is the biggest deal it has landed in recent years.
“With new orders on hand, the company has clear business visibility for this year,” TSEC said in the statement.
Earlier this year, the company landed a major
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URE aiming to return to profit in third quarter
SOLAR ENERGY: The solar cell and module supplier is upbeat on second-half demand as the government moves to speed up solar power installations to meet its 2025 goal
By Lisa Wang / Staff reporter
United Renewable Energy Co (URE, 聯合再生), the nation’s biggest supplier of solar cells and modules, aims to return to profit in the third quarter, as rising domestic demand boosts factory utilization to 100 percent.
URE returned to the black briefly in the third quarter last year, making a net profit of NT$142.26 million (US$5.04 million).
However, COVID-19 pandemic-driven lockdowns curbed market demand overseas, leading to an industrywide slump in the final quarter last year, URE said.