The recovery in solar cell shipments continued into February for Taiwan-based crystalline solar cell producer, Neo Solar Power (NSP). The company reported sales of approximately US$34.4 million, compared to US$22 million (NT$850 million) in January and up from NT$663 million in December, 2011 when sales hit a two-year record low.
NSP had reported early in February that 2011 revenue had reached NT$20,577 million, an increase of 2.14% on year-over-year basis, and a net loss of NT$2,898million.
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The company has also recently launched a new quasi-mono-based solar cell, said to have a conversion efficiency reaching 18.5% and an average efficiency over 18%.