CMC to set up subsidiary (Sun Well Technology) to make thin-film solar modules
Jimmy Hsu, Taipei; Adam Hwang,
Source: DIGITIMES, 20 July 2007
http://www.digitimes.com/bits_chips/a20070719PD213.html
CMC Magnetics, the largest maker of optical discs in Taiwan, will establish a subsidiary, Sun Well Technology, to produce thin film solar cell modules, according to a decision made by the company’s board of directors at a meeting on July 19. Sun Well will have registered capital of NT$1.5 billion (US$45.7 million), with the planned initial paid-in capital of NT$700 million to be solely invested by CMC, according to CMC vice president and spokesperson Andrea Wong.
Sun Well’s production lines will be located in CMC’s production base in Hua Ya Technology Park, northern Taiwan, with the groundbreaking ceremony scheduled for July 25, 2007, Wong indicated. Sun Well is expected to kick off volume production in the first half of 2008 at the earliest, Wong noted. CMC has applied its dye and film coating technologies to R&D of thin film solar cells for more than five years, with the technological staff to become the key part of Sun Well’s R&D, Wong pointed out.
According to industry sources in Taiwan, Sun Well’s production equipment for thin film solar cell modules will be supplied by Switzerland-based Oerlikon. The energy conversion rates of Sun Well’s thin film solar cells are estimated at 6-7%, the sources indicated.