Sunseap will develop 100 mw photovoltaic projects in Taiwan

Recently, the Singapore clean energy supplier Sunseap group and Pacific GreenEnergy joint venture, will develop 100 megawatts of photovoltaic projects in Taiwan. According to the announcement, the project will be completed within the next three years, including a number of smaller assets.

Sunseap said just in southern Vietnam to build a 168 megawatts of solar power plant, and has agreed to build in China in the next two years, 200 megawatts of photovoltaic system. In Taiwan, the company recently for a cable manufacturer installed a 2 mw photovoltaic roof systems, and installed a 3. Array, 3 mw of canal and other projects from the department of agriculture.

　　“ Taiwan's energy market is experiencing a transformation, become more sustainable, now is the time to Taiwan need to admit more green energy, & throughout; Pacific Green Energy Co LTD, co-founder of Calvin says Cheng, & other; Taiwan is one of the fastest growing solar energy market in Asia. We believe that our joint venture with Sunseap will make us more competitive and can be deployed rapidly in Taiwan, the development and acquisition of solar projects. ”

Taiwan hopes to deploy 2025 20 gigawatts of solar power generation capacity, was installed by the end of last year only 13% of its target. The installed capacity of more than 1 gw last year, making the total installed capacity of more than 2 in Taiwan. 6 gigawatts. This year, Taiwan's market research firm Trendforce analysts predict, although the ministry of economic affairs announced cut 10 FIT. Photovoltaic capacity by 17%, but still will be increased by 1. 5 gw.

although the downstream business is booming, but after China released the 531 policy last year, the once strong manufacturing continue to integrate. The policy to promote cell components and battery prices fall below the Taiwan manufacturers can compete for profits. Then, the United States levy customs duties on the far east products, to protect their domestic industries. When the eu canceled the lowest price of imports of Chinese solar products, Taiwan products will again face the problem of price competition.

Sunseap recently from a Dutch bank ING the debt financing, to develop the roof of 50 mw unit, is mainly used in the commercial sector in Singapore. In the Singapore market, the company has more than 250 megawatts of photovoltaic roof capacity. Sunseap in Cambodia, the Philippines, India, Thailand, Vietnam, Malaysia and Australia have the construction of the project.

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