Motech Industries (TWSE: 6244), a solar cell and module manufacturer, held an investor conference where its spokesperson noted that the decline in Taiwan’s overall solar installation volume last year led to a drop in the company’s revenue. For this year, the company expects revenue and gross margin to remain roughly on par with 2024. However, the general manager emphasized that Motech will actively accelerate the development of its solar power plants, aiming to exceed 100MW of metered capacity by the end of 2026. In parallel, the company will shift toward selling green electricity to improve profitability.
Despite a challenging external environment last year, Motech saw better profits than in 2023, thanks to the continued commissioning of solar power plants, steady export orders, and increased non-operating income (from equity investments and foreign exchange gains).
The company maintains a conservative outlook for 2025, expecting results similar to last year. However, Motech will focus on promoting high-margin N-type TOPCon products and BIPV (Building-Integrated Photovoltaics) modules for architectural applications. These include color modules, skylight modules, flexible modules, balcony railings, and lightweight modules—leveraging TOPCon technology for smart net-zero buildings. By the end of 2024, Motech had reached 68MW in metered solar plant capacity—double that of the previous year—and plans to increase this by at least 11MW in 2025.
This year, Motech will focus on government tenders and large-scale private rooftop projects. The company has already secured over 20MW in awarded projects and hopes to surpass 100MW in metered capacity by the end of 2026. Historically, Motech signed power purchase agreements (PPAs) with Taipower for its solar plants. Going forward, it will shift toward direct green power sales, which offer better pricing and higher profitability.
As for overseas orders, exports accounted for about 50% of Motech’s revenue in 2024—a share expected to remain stable this year. Japan and Europe are the company’s primary export markets, with Japan currently representing the largest share.