Solar cell and PV module maker TSEC has reported consolidated revenues of NT$395.6 million (US$12.9 million) for February, increasing 8.95% sequentially and 4.59% on year to hit the highest level since June 2018.
Despite fewer working days during the Lunar New Year period, the February revenues were boosted by booming PV module shipments, TSEC said, adding PV modules' share of revenues has increased to 90%.
TSEC in 2018 secured contracts to supply PV modules for floating PV power stations to be set up on flood detention ponds in central and southern Taiwan, with shipments to begin later in 2019.
TSEC posted consolidated revenues of NT$758.7 million for January-February, falling 6.66% on year.
