Neo Solar Power’s August sales collapse 51.65%

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Sales have plummeted 68% year-on-year so far in 2016.

Taiwan-based merchant cell and module producer Neo Solar Power (NSP) reported a 51.65% collapse in sales for the month of August 2016, following a significant deterioration in demand and declining average selling prices. 

NSP reported August 2016 sales of NT$632.5 million (US$20.05 million), down around 51.6% from July, 2016 revenue of NT$1,308 million (US$41.78 million).

Sales had declined 26.11% in June from May, primarily due to reduced shipment volume as the company started relocating solar cell and module production equipment to a new facility in Vietnam. 

Sales have plummeted 68% year-on-year so far in 2016. The last time NSP’s monthly sales were in the NT$600 million range was December 2011.

Read Next

January 25, 2022
PV CellTech 2022 is to be held in Berlin, Germany, the first time the industry-leading event will be located in Europe. Finlay Colville previews the event and provides attendance details.
January 17, 2022
Solar module manufacturer Seraphim has launched its new S5 series of high-efficiency PV modules with a maximum power output of up to 670W and an efficiency of 21.57%.
January 13, 2022
Reliance Industries has signed a Memorandum of Understanding (MoU) with the government of Gujarat for a total investment of INR5.955 lakh crore (US$80 billion) over 10-15 years to establish 100GW of renewables and set up green technology manufacturing facilities in the state.
January 10, 2022
Upstream solar major Tongwei has forecasted for profits to more-than-double in its 2021 financial year on the back of increased material and cell prices experienced last year.
January 10, 2022
The Australian Renewable Energy Agency (ARENA) is providing AU$40 million in funding to support research and development (R&D) that can help Australia reach its ‘ultra-low cost solar’ goal, recently added as a priority under the country’s decarbonisation strategy.
January 6, 2022
JinkoSolar has won a tender issued by the China Petroleum Engineering and Construction Corporation (CPECC), an affiliate company of the China National Petroleum Corporation (CNPC), for up to 1.85GW of high efficiency TOPCon modules

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal
Solar Media Events
April 25, 2022
Berlin, Germany