Taiwan-based cell and module producer Neo Solar Power (NSP) has officially opened its new 200MW initial nameplate high-efficiency solar module assembly plant in Taiwan.
NSP is transitioning away from multicrystalline production, due to industry overcapacity and poor margins to a suite of monocrystalline products including PERC (Passivated Emitter Rear Cell) and bifacial cells and modules.
As part of the transition, NSP has established a high-efficiency solar module assembly plant in Taiwan to focus on these products for domestic and overseas markets, including its own downstream PV power plant projects. The new assembly plant was said to be highly automated.
“Due to external environmental factors such as rapidly changing solar market nowadays, frequent solar trade disputes around the globe, and ongoing challenges in multicrystalline solar cell overcapacity lead to slump in average selling price (ASP), which make business operation a challenge,” noted Dr. Sam Hong, Chairman and CEO of NSP. “However, these challenges will not slow down NSP’s future development. Look into the future, NSP will continue to cooperate closely with outstanding supply chain partners and providing best photovoltaic solutions for Taiwan to support government’s policy of promoting renewable energy and increasing domestic photovoltaic market demand. Today, the opening of this high efficiency solar module FAB is not only in responding to government’s energy transition plan of becoming a nuclear-free homeland, but also shows that NSP will continue to invest in R&D, continue to deepen advanced technology development and continue to expand downstream solar system project business to achieve next operational performance peak.”
NSP said that Taiwan's President Tsai Ing-wen also visited the new facility after the opening ceremony. Taiwan’s renewable energy policy includes reaching a target of 20GW of solar PV installation by 2025 and closing down its nuclear power plants.