Solar module maker United Renewable Energy Co (URE, 聯合再生) yesterday said that it has received a new order to supply a ground-mounted solar farm in Tainan and plans to start shipments in the first half of next year.
When construction is complete, the project would be the biggest ground-mounted solar farm in the nation, URE said in a statement.
The project would have capacity of 193 megawatts (MW) and would be able to generate enough electricity to supply 60,000 households for a year, it said.
URE, the nation’s biggest solar module supplier with a market share of 50 percent, said that some land acquisitions had been curtailed this year, which put some solar development plans on hold.
As of Aug. 31, 332.4MW of solar panels had been installed in Taiwan, lagging far behind the government’s target of having a nationwide solar capacity of 1.5 gigawatts (GW), the company said, citing statistics compiled by Taiwan Power Co (台電).
Thus far, URE has secured NT$100 million (US$3.28 million) of large solar development projects in Taiwan, which would help fuel growth momentum of its solar module shipments and revenue in the long term, the company said.
URE said it is optimistic about its order outlook as more large-scale solar construction projects are launching next year after the Cabinet approved a new two-year solar installation projects submitted by the Ministry of Economic Affairs in September.
The ministry plans to subsidize installed solar capacity of 1.2GW next year, URE said.
As part of its turnaround efforts, URE aims to boost solar module sales to 2GW next year, at home and overseas, up about 67 percent from this year’s 1.2GW, URE chief executive Pan Wen-whe (潘文輝) said in October.
Next year’s shipment goal is achievable, the company said.
Hon Hai Precision Industry Co (鴻海精密) yesterday said that its research institute has launched its first advanced artificial intelligence (AI) large language model (LLM) using traditional Chinese, with technology assistance from Nvidia Corp. Hon Hai, also known as Foxconn Technology Group (富士康科技集團), said the LLM, FoxBrain, is expected to improve its data analysis capabilities for smart manufacturing, and electric vehicle and smart city development. An LLM is a type of AI trained on vast amounts of text data and uses deep learning techniques, particularly neural networks, to process and generate language. They are essential for building and improving AI-powered servers. Nvidia provided assistance
DOMESTIC SUPPLY: The probe comes as Donald Trump has called for the repeal of the US$52.7 billion CHIPS and Science Act, which the US Congress passed in 2022 The Office of the US Trade Representative is to hold a hearing tomorrow into older Chinese-made “legacy” semiconductors that could heap more US tariffs on chips from China that power everyday goods from cars to washing machines to telecoms equipment. The probe, which began during former US president Joe Biden’s tenure in December last year, aims to protect US and other semiconductor producers from China’s massive state-driven buildup of domestic chip supply. A 50 percent US tariff on Chinese semiconductors began on Jan. 1. Legacy chips use older manufacturing processes introduced more than a decade ago and are often far simpler than
STILL HOPEFUL: Delayed payment of NT$5.35 billion from an Indian server client sent its earnings plunging last year, but the firm expects a gradual pickup ahead Asustek Computer Inc (華碩), the world’s No. 5 PC vendor, yesterday reported an 87 percent slump in net profit for last year, dragged by a massive overdue payment from an Indian cloud service provider. The Indian customer has delayed payment totaling NT$5.35 billion (US$162.7 million), Asustek chief financial officer Nick Wu (吳長榮) told an online earnings conference. Asustek shipped servers to India between April and June last year. The customer told Asustek that it is launching multiple fundraising projects and expected to repay the debt in the short term, Wu said. The Indian customer accounted for less than 10 percent to Asustek’s
Gasoline and diesel prices this week are to decrease NT$0.5 and NT$1 per liter respectively as international crude prices continued to fall last week, CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. Effective today, gasoline prices at CPC and Formosa stations are to decrease to NT$29.2, NT$30.7 and NT$32.7 per liter for 92, 95 and 98-octane unleaded gasoline respectively, while premium diesel is to cost NT$27.9 per liter at CPC stations and NT$27.7 at Formosa pumps, the companies said in separate statements. Global crude oil prices dropped last week after the eight OPEC+ members said they would
RSS