The monthly results are the highest in 2017.
Taiwan-based merchant solar cell and module producer Neo Solar Power (NSP) reported another significant sequential jump in revenue for October, driven by strong shipment growth and downstream project business via is subsidiary, Global Energy Solutions (GES).
NSP reported October 2017 sales of NT$ 1,272 million (US$42.1 million), an increase of 21.28% from the previous month when sales reached NT$ 1,049 million (US$34.54 million), representing a month-on-month increase of 40.09%. The monthly results are the highest in 2017.
The company also noted that an increase in PV projects which included major US project and some in Taiwan were being fast-tracked to improve its overall business development.