NSP’s solar cell sales plummet in January

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The largest merchant solar cell producer, Neo Solar Power (NSP) reported a dramatic drop in sales for January 2015. 

NSP reported sales of NT$1,508 million (US$47.9 million) in January, 2015, compared to NT$2,877 million (US$89.86 million) in December 2014. 

The company had reported a record sales month in December after its project developer subsidiary General Energy Solutions (GES) sold a US project for US$26 million.  

However, extracting the one off PV project revenue gain, NSP had normal solar cell related sales of around US$63.8 million, equating to a sales decline of around 6% in December, 2014, compared to the previous month.

Taiwan-based market research firm, EnergyTrend recently said that Taiwanese solar cell producers shipped more than 10GW of cells in 2014, despite the impact of US anti-dumping duties, which was a new shipment record and 20% higher than was achieved in 2013. 

However, EnergyTrend had warned of several challenges facing Taiwanese solar cell producers in 2015, highlighting the loss of sales to Chinese PV module manufacturer’s after the latest US anti-dumping case and the impact on revenue from the need to relocate some production overseas to avoid US import duties and regain custom from China.

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