Green Energy Technology announced its consolidated net sales for January of 2016
GET capacity utilization in January kept over 95% with increasing wafer price. GET production expected to keep over 95% in Chinese Lunar New Year due to customers’ rising demands. Based on the draft of China 13th five-year plan for 2016-2020 to solicit opinions, China plans to increase its non-fossil fuel energy capacity to 15 percent of total primary energy consumption by 2020, as the country’s National Energy Administration has predicted that China solar PV capacity will reach 150 GW by 2020.
Furthermore, global information company IHS has confirmed concerns of a solar wafer supply shortage in 2016, signalizing high-end wafer price would be pushed by growing global markets. GET will search aggressively for outsourcing partners to expand controllable capacity, and advance procedure to increase output and quality, therefore to reach long-term stable profits.MORE INFORMATIONGreen Energy – Consolidated Sales Report