Green Energy revenue plunges

Green Energy Technology Inc., Taiwan’s biggest solar wafer maker, said  that revenue sank 42 percent to NT$381 million (US$13 million) last month from NT$662 million in August.

The company attributed the monthly decline in sales to its decision to take no orders at low prices.

As a result, the company’s factory utilization rate fell to 50 percent last month from the previous month, according to a company statement.

In the third quarter, Green Energy’s revenue plunged 31 percent to NT$2.02 billion from the NT$2.92 billion it reported in the second quarter, which the company said was mainly because of falling prices.