Taiwanese cell and module producer Neo Solar Power (NSP) has become the latest solar firm to reveal plans for a yieldco vehicle to support a move into downstream PV project activity.

The company said it planned to launch the yieldco on the Hong Kong stock exchange at the end of 2015 or in the first quarter of 2016.

An NSP statement said the firm plans to invest US$50 million to form the yieldco with “an international project developer of solar systems”, allowing it to access funds from global capital markets to invest in solar projects.

In addition, NSP said it would invest more in project construction activity through its project subsidiary, General Energy Systems.

The company said GES would be able to leverage the “abundant” funds coming from the yieldco to “more aggressively construct” solar farms worldwide.

NSP said stable cash flows generated by solar energy projects would ensure that investors in the yieldco receive steadily-increased dividends in the long-term.