Property development and financial company Farglory Group and Aurora Telecom have formed a solar cell production joint venture with initial capacity of 240-300MWp initially and plans for up to 600MWp to 1GWP, according to industry sources.
News of the establishment of new company surfaced when it recently applied with the Hsinchu County authorities to reconstruct a production facility acquired from Jui Li Enterprise.
Several board members of the company have strong ties with former Gintech Energy chairman CT Kuo, who previously also served at Aurora Telecom. Kuo resigned from Gintech in 2009 citing health-related issues. The new joint venture is read by market watchers as a come back to the solar sector by Kuo.
Article translated by Willie Teng
