The Taiwan diode factory Panjit announced a few days ago that the PV Plant Jiangsu Aide Solar it invested had customer accounts up to Nt 1.2 billion. Panjit Group, who held 65% shares of Aide Solar was forced of recognized investment losses in the fourth quarter of 2012 earnings, the highest amount was up to 650 million yuan.
Impacted by the European debt crisis and the Italian Government subsidies for photovoltaic power plants, as well as the constantly changing laws, although the PV customer had committed to a five-year repayment, Aide Solar still decided the full amount of Nt 12 billion overdue accounts in the 2011 earnings. If the customer repay in accordance with the agreed contract, they will back flush the accounting.
Being a subsidiary of the Panjit Group, Aide Solar is a large scale producer of photovoltaic modules using mono and poly-crystalline silicon for residential, commercial and utility scale projects worldwide, and is ranked as one of China's leading solar panel manufacturing companies.
The PV module product portfolio ranges from 180W to 300W of power, and is certified by the world's leading regulatory agencies. Each module is produced in-house in a manufacturing environment that is certified by world recognized quality management systems organizations, and backed by our factory warranty program.
The Aide Solar sales network covers Asia, Europe, and North America, and we continue to expand our operations to establish a stronger supplier position in the market.
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