With Solar EnterTech’s newly built production facility, the Company projected the capacity for the facility at an estimated output of 20Mw per production line. At the time of the analysis last year, that translated roughly into $37.5 million dollars in annual revenue per production line.
SOEN’s strategic plan is to add the second 20Mw line in mid 2007. The ultimate goal for the facility is to be at the full production capacity of 120Mw in total annual output by 2009, utilizing the existing infrastructure of the plant.
Couple that high production, with a Tax Favored status in China, and you have a powerful 1-2 punch. Early on, SOEN achieved tax favored status in China by meeting the regulatory criteria for locally based environmental high tech firms. As an enterprise enjoying this tax favored status, the Company will benefit from significant autonomy in its business operations.
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