Taipei, Feb. 8, 2010 (CENS)--SunWell Solar Co., Taiwan`s leading manufacturer of thin-film silicon photovoltaic modules, has recently acquired NT$4 billion (US$125 million at US$1:NT$32) worth of thin-film solar energy orders from China`s Nanjing City Government.

With the orders, SunWell, a subsidiary of the CMC Magnetics Corp., will set up a thin-film solar energy plant in Nanjing High-tech Industrial Zone as a base to expand its presence in China. At present, CMC holds a 76.19% stake in SunWell.

The new plant is expected to have an annual output of the thin-film silicon photovoltaic modules equivalent to over one million megawatts of solar energy in 2012. The company believed such output will fully meet the strong demand of the customers in China.

Bob Wong, chairman of CMC, said SunWell will begin to fill orders by Nanjing City Government sometime in the first half of this year, and the entire package of the orders will be fully filled in two years from now on.

CMC noted it has tied up with the Nanjing City Government to collaboratively develop China`s delicate agriculture industry. Over the past several years, China has seen fast economic growth and has set a goal to raise the per-capita income of the rural area.

SunWell is the first Taiwanese solar-energy firm to acquire the certification from the Germany-based TUV. Last year the company successfully developed transparent-type thin-film silicon photovoltaic modules, which are quite different from conventional poly-silicon ones. The new products developed by SunWell have been adopted by many agricultural demonstration bases in China.

(by Ben Shen)