Neo Solar Power has started construction on what the company says will be the world’s largest solar cell production plant, according to published reports. The facility, located in Tainan, southern Taiwan, will be the company’s third cell processing factory and have a capacity of 3.4GW once it’s fully ramped.
The company said it plans to increase production capacity from 620MW to 800MW by the end of 2010.
Bloomberg put the cost of the new plant at NY$30 billion (US$937 million) and said that the initial 400MW phase of the factory would be finished by the first half of 2011, according to company sources.
Digitimes reports that Neo Solar chairman Quincy Lin said that he expects cell prices to remain stable for the time being. He also was quoted as saying that 25-30% of the company’s material supplies prices are set by previous contract agreements and that NeoSolar is buying polysilicon on the spot market for about US$50-$55/kg.