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.
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.