Neo Solar Power to expand cell capacity to 1.2GW in 2011

Facebook
Twitter
LinkedIn
Reddit
Email

Having completed its planned cell manufacturing capacity expansion to 800MW, Neo Solar Power (NSP) expects capacity to be expanded to over 1.2GW in 2011. The capacity expansion is 200MW more than previously guided at the beginning of the year. Strong demand despite the capacity increase from 240MW in 2009 highlights the company’s confidence in the market growing next year.

NSP recently signed a 3-year, 31.25 million wafers supply contract with Korean firm Osung LST as well as a 7-year, 11,600 ton polysilicon supply contract with another Korean firm Hankook.

The company also said that monthly revenue in November had reached approximately US$75.7 million (NT $2.28 Billion), the eight sequential month of record results. The revenue increase was 4.0% higher month-over-month and 98.7% year-over year. NSP reported net revenue for 11-months of 2010 as approximately US$590 million (NT$17.84 billion).

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

Read Next

Premium
November 14, 2024
China could challenge Borosil Renewables, the sole manufacturer representing an entire industry, says Hariharan & Hariharan partner.
November 14, 2024
OneEnergy has signed an asset transfer agreement with three Wisconsin companies that will see the developer build a 165MW solar portfolio.
November 14, 2024
Indian developer Tata Power Renewable Energy has commissioned a 126MW floating solar (FPV) plant in the central state of Madhya Pradesh, India.
November 14, 2024
China’s CHN Energy has grid connected the Mengxi Blue Ocean PV Power Plant Project, at 3GW the country’s largest single-site PV power plant.
November 14, 2024
The sixth PPE2 tender for ground-mounted solar ended up slightly oversubscribed as the French government tendered for 925MW of PV capacity.
November 14, 2024
In its Q1-3 2024 financial results, SMA Solar said it will cut up to 1,100 jobs and reduce costs by between €150 and €200 million by the end of 2025.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
November 19, 2024
Philadelphia, USA
Solar Media Events
November 20, 2024
Zhuhai, China
Solar Media Events
November 21, 2024
London, UK
Solar Media Events
November 26, 2024
Málaga, Spain
Solar Media Events
November 26, 2024
Warsaw, Poland