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Green Energy Technology (GET), a Taiwan-based maker of solar-grade polycrystalline silicon wafers, on May 2 reported revenues of NT$2.374 billion (US$81.9 million) for April, the highest monthly figure ever on record. The January-April revenues of NT$8.88 billion increased by 96.9% on year. GET stated they will not be able to accept the price of less than US$3.00/unit for the 6-inch solar wafers for now.

Most of the deals are made through supply contracts. When the price rose beyond US$4.00/unit, GET did not follow suit, and therefore there's no reason for GET to follow others' pricing campaigns now. In GET's view, the future of the market is quite optimistic. The company's flexibility allows it to cooperate better with cell manufacturers when negotiating price reductions with polysilicon firms. Only when the quotations of polysilicon decrease can the price for wafers decrease, added GET. The falling price does not threaten GET that much because most sales of wafers are based on previous agreements with pre-payments, said GET. However, wafer firms still hope to have early negotiations on contract prices with polysilicon firms before third-quarter 2011 to gain more flexibility.

There are a lot of noises in the solar market recently, said Hur-lon Lin, president of GET. The mainstream market has not been affected too much so the general view should not be so pessimistic. All of GET's sales are from contracts, hence it has not been affected by the price changes in the market, added Lin.

• [Editor:editor]