Neo Solar Power sales reach record high: capacity expansions targeted

Facebook
Twitter
LinkedIn
Reddit
Email

Taiwan-based solar cell producer Neo Solar Power (NSP) has posted its 10th consecutive month of increased revenue, reaching a new record high of approximately US$84.1 million (NT $2.44 billion) for January, which represented a 5.74% increase month-over-month, and 150.06% year-over-year. NSP has raised its capacity expansion target to 1.3GW in 2011, up from the 1.2GW previously guided. Capacity at the end of 2010 reached 820MW, up from a previously guided 800MW.

NSP noted that it continued to operate at full capacity as shipments and revenue reached new record levels. Funding plans for the next phase of its cell capacity ramp were being drawn up, which could include an equity offering, Global Depositary Receipts (GDR), or a private placement. However, the actual funding plan would be decided in accordance with market conditions, according to the company.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Cell efficiency improvements were also noted, as NSP said that it had entered production with double-printing techniques, which provided improved aspect-ratio of the electrodes, thereby increasing average cell conversion efficiencies by 0.2% in absolute value. Two patents were said to have been developed during the adoption of the double-printing technique. 

Read Next

October 10, 2025
US solar recycling firm OnePlanet has achieved the R2v3 certification from electronics sustainability non-profit SERI, which represents the “highest standards of traceability”.
October 10, 2025
NTPC Renewable Energy Limited has signed an MoU with the Government of Gujarat to develop 15GW renewable energy projects in Gujarat.
October 10, 2025
Australia's renewable energy sector recorded its slowest month of the year for additions in September, with 5.8GW of new projects added to development pipelines, according to data from Rystad Energy.
October 9, 2025
The Australian government has announced the results of the fourth Capacity Investment Scheme (CIS) tender, with 6.6GW of renewables awarded long-term contracts.
October 9, 2025
Solar PV is the world’s cheapest technology to generate electricity, according to a study from the University of Surrey, in the UK.
October 9, 2025
Entergy Arkansas has announced plans to build a 600MW solar-plus-storage project to support a new data centre to be built by Google.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK