The Green Trade Project Office under the Ministry of Economic Affairs on May 13-14 has led a solar trade mission to promote Taiwan’s PV products in Minnesota, USA, in a continued effort to assist Taiwanese companies to expand business opportunities in the US solar market, which is expected to see further growth in the coming years with the extension of Solar Investment Tax Credit (ITC).
The US solar industry had reported a strong performance in 2015. According to Solar Energy Industries Association (SEIA) and GTM Research, total capacity of PV installation in the US reached 7.3 GW in 2015, growing by 17% from the previous year, and the accumulated installation capacity had topped 25.6 GW. Apart from the continued growth in accumulated capacity and the boost of extended ITC, the US solar market has also seen industry changes such as the rapid growth in the residential sector, and the new business model of ‘Community Solar’ amid the trend of adopting distributed energy resources. The latter has been one of the policies greatly promoted by the State of Minnesota, and has created a new market demand, presenting potential business opportunities to Taiwan’s solar solutions suppliers.
The trade mission, co-organized by SEMI Taiwan and Taiwan Photovoltaic Industry Association (TPVIA), is set to visit the Minnesota Solar Energy Industry Association (MNSEIA) and local companies to explore market demands and industry development.
Participating members of the trade mission include Taiwan’s leading PV solutions providers, such as Big Sun Energy Corporation (solar cell, module, PV tracker), Cosmos Infinity Co. Ltd. (battery storage system), Darfon Electronics Corporation (PV inverter), Delta Electronics Inc. (PV inverter), Gintech Energy Corporation (solar cell, module, PV power system), Gintung Energy Corporation (solar module), HonSing Tech (PV Engineering Procurement Construction integration), Neo Solar Power Corporation (solar cell, module, PV power system), Solartech Energy Corporation (solar cell, module, PV power system), and YuTin Energy Development Corporation (PV Engineering Procurement Construction integration).