Two of Taiwan's largest solar cell manufacturers plan to raise nearly $500m to increase production this year, according to local media reports.
The initiatives are part of a surge in production of solar cells in Taiwan's electronics manufacturing industry. Solar energy remains a niche product, but demand is growing at 20 to 50 per cent a year.
Taiwanese companies are now entering the market, and betting that rising oil prices will create huge demand for cheaper and more efficient next-generation solar cells.
The government has encouraged research and investment in solar energy with grants and regulatory assistance, and analysts predict that the country could eventually earn $7.5bn a year from the industry.
The sector generated about $220m from solar cells and auxiliary components last year, according to government statistics.
Nanocrystals embedded in glass or a polymer could be the next step for nano-crystal storage method
Space Telescope to be used as part of the organisation's Transiting Exoplanet Survey Satellite
Second quarter PC sales up by 2.7 per cent, suggests IDC
Apple updates MacBook Pro with Coffee Lake CPUs, 32GB memory and up to 4TB storage - at a price, of course
A maxxed out MacBook Pro will cost a mere £6,209