Eversol Corp., a Taiwanese manufacturer of silicon wafers for the solar industry, opened Wednesday a new solar module factory in which it has invested heavily in Matsuyama City, in Japan’s Eihime Prefecture.
Construction of the factory was completed in early 2012. The facility will manufacture multicrystalline silicon wafers that will generate an estimated 50 Megawatts of electricity per year, targeting Japan’s domestic market, said E-Solar executives at the openingceremony.
Eversol Corp. invested 400 million Japanese yen (US$5.1 million) from 2011 and holds 61 percent of the shares in E-Solar Co. The move is part of the company’s diversification process.
E-Solar Co., which has been listed on Japan’s stock exchange,is a joint venture between Eversol Corp. and West Holdings Corp.,a Japanese company that specialises in solar panel installation.
Eversol values the Japanese market and the strategic alliance with West Holdings will allow the use of West’s rich experience and channels in Japan, which will be beneficial to E-Solar’s development, said Eversol general manager Kuo Yen-ting.
The new factory has also received backing from local authorities, which have encouraged the factory’s establishment and efficient administration, and has provided many subsidies to support the factory, Kuo added.
Moreover, he said, the company’s success in establishing a module factory in Japan – a market that values quality and service – proves that Eversol’s products fit Japanese needs and marks an important milestone for the company.