Aide Solar Energy, a subsidiary under Taiwan's Panjit Group, will expand solar cell and module capacity in 2011 to 600MWp and 300MWp, respectively, up from 2010's 250MWp and 120MWp, according to Panjit chairman Jason Fang.

In regards to talks of an oversupply in the 2011 photovoltaic (PV) market, Fang indicated that there should be no such concern since PV companies' real competition is not with each other but against traditional electricity generation. As long as PV supply chain players continue to improve cost management and production capability to levels comparable with traditional methods in 2011, the overall market will expand.

Aide has sourced from China-based polycrystalline silicon (poly-SI) marker GCL-Poly from many years. GCL-Poly supplies about 75% of Aide's poly-Si needs. Aide, based in Xuzhou of China's Jiangsu province, plans to work with GCL-Poly, which also has poly-Si and solar wafer facilities in the area, and other companies to establish Xuzhou as a global solar module base.

The Panjit Group holds a 95% equity interest of Aide, according to analysts. Aide's 2011 revenues are expected to exceed NT$20 billion (US$664.143 million) and contribute more than NT$2 a share to the group's net income, the analysts projected.

Aide has plans to be publicly listed in Taiwan in 2011, Fang said.