Neo Solar Power and DelSolar merger moves ahead

Facebook
Twitter
LinkedIn
Reddit
Email

The boards of Taiwan-based PV manufacturers Neo Solar Power (NSP) and DelSolar have approved the second stage of the planned merger of the two companies.

Last month the companies announced plans to combine, forming what is said will be Taiwan’s largest solar cell company by capacity.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Following successful completion of the first stage of the merger – a tender offer in which NSP acquired a 15% stake in DelSolar – the companies’ respective boards have now approved the second stage.

This will involve a 100% share swap, with each DelSolar share to be exchanged for 0.735 NSP shares.

Delta Electronics, which is currently DelSolar’s largest shareholder, will become the largest shareholder in the new company, taking a 17% stake.

The chairmen of the two companies said they were “optimistic” about the synergies that would result from the merger in areas such as talent, economies of scale and resource sharing.

They said that through integration the company would be able to produce the “most cost-effective” solar cell and module products.

However, some industry observers have questioned whether the expected synergies will materialise, given the two companies’ similar market position.

The merger is likely to be complete by the end of May next year.

Read Next

July 1, 2025
Spanish independent power producer (IPP) Zelestra has secured financing and reached financial close for its 220MW solar-plus-storage plant in Chile.
July 1, 2025
Independent power producer (IPP) Arevon Energy has closed a US$600 million credit facility to support its solar PV and energy storage portfolio in the US.
July 1, 2025
The UK government has released this week (30 June) its Solar Roadmap, which sets out practical measures to meet the country’s solar PV targets.
July 1, 2025
Solar developer ib vogt has sold a 110MW solar PV plant in Spain to international fund NextPower V ESG, which is operated by investment firm NextEnergy Capital (NEC).
July 1, 2025
French private equity firm Ardian Clean Energy Evergreen Fund (ACEEF) has bought 117 solar PV plants, worth 116MW of total capacity in several locations in Italy.
July 1, 2025
Swedish independent power producer (IPP) OX2 has begun operations at a 100MW solar PV plant in Poland, its first project as an IPP.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA