E-Ton arm GIH in EPC deal with Solar Power

TAIPEI: E-Ton Solar Tech, the Taiwan-based solar cell maker, has announced that its subsidiary Gloria Solar International (GIH), has signed an engineering, procurement, construction (EPC) contract with US-based Solar Power Partner to setup a 3.3 MWp PV system in food maker Frito-Lays plant in Arizona. GIH is owned by Adema Technologies, a California based mono-Si ingot maker.

According to E-Ton, GIH will supply PV modules for the project using E-Ton solar cells. Adema has signed a NT$250 million EPC contract directly with PepsiCo-owned Frito-Lay in June 2010 to set up a 1.7MWp PV system in the plant .Two PV systems are to be completed by the end of February2011.

Frito-Lay is looking at turning its plant in Casa Grande, Arizona, in to a net-zero facility. Expected that it will have zero-net energy consumption and zero annual carbon emission, the company is also implementing water recycling and bio-fuel technologies at the plant.

The fear factor of market watchers now is there could be more write-offs. Hence, they are more conservative on E-Ton’s second quarter consolidated results. This is despite the fact that GIH and Adema have received many solar system contracts since second quarter of 2010.