Taiwanese cell manufacturer Neo Solar Power (NSP) has recorded a 156.2% year-on-year revenue growth for September following its merger with DelSolar.
NSP and DelSolar completed the final stage of their merger on 31 May, however NSP’s monthly revenue has only included DelSolar’s contribution since July.
Operating under the NSP name, the combined entity has a solar cell production capacity of around 1.9GW and a module production capacity of nearly 400MW.
It was NSP’s ninth consecutive month of revenue growth.
The company announced monthly revenue of NT$2.27 billion (US$77 million), up 7.8% from the previous month.
The figure was not only a peak for 2013 but also a record high for the past two and a half years.
Its 2013 revenue so far is NT$13.05 billion (US$444 million), 30.31% higher than at was at this time last year.
The results are another sign of an upturn for the industry following a period of policy uncertainty and oversupply.
There are further positive signals for cell manufacturers in Asia in particular with a number of them collaborating with the University of New South Wales in Australia to rollout a new production process that could boost cell efficiency and lower costs.