Major Taiwan-based merchant solar cell producer Neo Solar Power (NSP) reported preliminary July, 2015 sales of NT$1,713 million (US$54.15 million), down around 5% from the previous quarter, which has been the highest sales month for the company in 2015.
The July figures indicate that NSP retained high utilisation rates comparable with the prior month as sales overall in 2015 have slowly trended upwards on higher demand, despite the impact from US anti-dumping duties, which have hit sales significantly since mid-2014.
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NSP is expecting a gradual increase in solar cell demand in the second-half of the year. The company is also increasing its focus on the downstream PV power plant business and plans a yieldco IPO on the Hong Kong stock exchange in the future.