Notebook and server ODM Inventec on December 24 decided to add an investment of NT$470 million (US$15.7 million) in Inventec Energy, a Taiwan-based PV module maker, raising its stake ratio from 26% currently to 47.78% and making it a subsidiary, according to Inventec.
Inventec Energy has issued 75 million new shares to raise additional paid-in capital for a capacity ramp, and Inventec will subscribe to 45 million, Inventec indicated. Inventec Energy plans to expand its annual production capacity to 250MWp in the first quarter of 2014 and further to 400MWp at the end of the year.
In addition to Inventec Energy, Inventec is also a major shareholder of crystalline silicon solar cell makers E-Ton Solar Tech and Inventec Solar Energy which supply solar cells for Inventec Energy, Inventec noted.
Inventec expects the PV business to be the major source of growth in 2014 consolidated revenues, with PV revenues expected to increase from NT$10 billion in 2013 to NT$20 billion in 2014, the company indicated. In contrast, revenues from notebooks, tablets and thin client devices will grow only 10% on year, Inventec noted.
