TAIPEI , Taiwan – July 6, 2012Motech Industries Inc. (TWO: 6244) (Motech) announces today the launch of SunSavings service, which aims at promoting a new investment idea related to PV system installation, as well as encouraging people to make good use of the abundant solar insolation in Taiwan and increase the utility of renewable solar energy, together making Taiwan become a green and low carbon emission island.
Motech’s SunSavings service stemmed from the Feed-in-Tariff (FIT) project of Taiwan’s “Million Solar Rooftop PVs” promoted by the Bureau of Energy (BOE) of the Ministry of Economic Affairs (MOEA). Based upon the concept of “Sunshine + rooftop + PV system = $$$ (money),” three programs were derived from Motech’s SunSavings service:
1. Everything Ready：
This program is suitable for people with own funds and spare rooftops. Motech will assist the applicant to apply for PV system installation and FIT to the BOE and Taiwan Power Company. The applicant will thus receive long-term investment income and contribute to energy conservation and carbon reduction by selling clean solar energy to Taiwan Power Company at prices higher than that of cost.
2. Investment Funds：
This program is suitable for people with own funds but no spare rooftops. Motech will find a leasable rooftop and use the fund from the applicant to install a PV system on this rooftop. After the deduction of rooftop rent and PV system maintenance cost, the remained FIT income will be given to the applicant as her or his return on this green energy investment.
3. Rooftop Leasing：
This program is suitable for people with spare rooftops but no own funds. Motech will assist the applicant to lease her or his rooftop to people who want to install PV systems. The applicant will receive monthly rents. In this way, people can earn rents for their spare rooftops, implement environmental protection, as well as save electricity cost by having a PV system installed on the rooftop, which will form a shade cover to avoid direct sunlight.
Through the roll-out of “SunSavings” service, Motech expects to motivate Taiwanese people to take advantage of government’s solar subsidy scheme and implement environmental protection. Regardless of the rise of electricity rates and prices, Motech’s SunSavings service will help Taiwanese people in many respects, such as money making through FIT subsidies, electricity saving on air conditioning, and energy conservation and carbon emission reduction.
Details about SunSavings service:
Organizer：Motech Power Instrument Business Center
Address：6F, No.248, Sec.3, Pei-Shen Road, Shen-Keng District, New Taipei City 22204, Taiwan
Brief introduction of BOE’s "Million Solar Rooftop PVs"
To achieve the vision of sustainable environment and revitalize solar industry, Bureau of Energy (BOE) of the Ministry of Economic Affairs (MOEA) started promoting the project of Taiwan's "Million Solar Rooftop PVs". The promotion of roof-tops PVs systems aims at inspiring the installation goal of 100 MW by 2012 and encourage people with own rooftops to apply. The highest FIT (Feed-in Tariff) is NT $9.2510/kWh in the second half year of 2012. People who finish the application process and complete the PV system installation during the second half year of 2012 are expected to sell electricity to Taiwan Power Company at as high as NT $9.2510/kWh for 20 years.
Motech Industries, Inc. was founded in 1981 as a designer and manufacturer of test and measurement instruments. The company entered into solar cell production in 1999, and is a pioneer in the manufacturing and marketing of high-quality mono- and poly-crystalline silicon solar cells in Taiwan. Today, the company is a global, vertically integrated solar company and one of the world’s top solar cell manufacturers in terms of production capacity and output. MOTECH is a publicly traded company on Taiwan’s Over-the-Counter (OTC) market with the trading code 6244. For more information about MOTECH please visit http://www.motech.com.tw
Motch Power Instrument Business Center was the first PV system design team in Taiwan. With relatively mature installation technologies and abundant experience, we have built numerous PV systems of high quality and high efficiency regardless of site and weather limitations. Besides, we also focus on the research, development, and manufacturing of inverter products, one of the key components in PV systems. With the integration of PV cells, modules, inverters, as well as system installation and maintenance, we expect to provide our customers with comprehensive total solutions and services.
Note: Motech reserves the right to review and decide if Motech wants to participate in a specific project and renewable energy Feed-in-Tariff rates published by government shall prevail.