RELOCATION: About 160 employees are to be reassigned to a solar module production line and provided with training to help them adjust to their new job, the company said

Taipei Times
Date: Jun 27, 2018
By: Lisa Wang  /  Staff reporter

Solar cell maker Motech Industries Inc (茂迪) yesterday said that it is shutting down a solar wafer production line amid a worsening industry slump mainly due to shrinking demand from China.

The change would affect about 160 employees, it said.

China’s new solar policy, which would substantially cut subsidies for solar panel installation and reduce feed-in tariffs, is likely to depress solar demand at a time when the industry is already plagued by oversupply, it said.

A scale-down in solar subsidies would curtail demand by about 40 percent to 31.6 gigawatts in the world’s biggest solar market this year, market researcher TrendForce Corp (集邦科技) forecast.    [FULL  STORY]