neo solar power

During the past few months, Tongwei has officially moved into the top-position as the leading solar cell manufacturer – by production volume – serving the PV industry.

We have tracked the annual R&D spending of 12 key publicly listed PV module manufacturers over the last 10 years. We present our new methodology with a broader scope which reveals record levels of investment in solar innovation.

For all intents and purposes, 2018 may be remembered as the year that Taiwanese solar manufacturing moved from its former cell-making glory days of the past (Taiwan solar 1.0) to adjust to the new reality as defined by China’s bulldozing annihilation of cash-struck overseas manufacturing regions in recent times.

As module suppliers adapt to the slowdown of Chinese module demand in 2018 and 2019, global EPCs and developers are likely to see new Asian-produced panels being offered for both rooftop and ground-mount installations.

Since Chinese investments into major cell and module facilities started - more than 10 years ago - success ultimately has been driven by overseas market-share gains, above other technical or financial benchmarks that otherwise would be expected.

United Renewable Energy Co., Ltd. (URE), the planned name for three of Taiwan’s merchant solar cell and module producers, Gintech Energy Corp, Neo Solar Power (NSP) and Solartech Energy are still evaluating the commercial rationale of establishing a US-based PV manufacturing plant, post the merger, which is being targeted for October 1, 2018.

As PV Tech previously reported, Taiwan’s solar industry supply chain failed to recover lost revenue in 2017, despite strong global demand growth and expectation that installations topped 100GW.

Taiwan-based merchant PV manufacturer and downstream project developer Neo Solar Power Corporation (NSP) said its ‘Glory BiFi’ mono PERC bifacial modules had been selected for the Taipower’s ChangHua 100MW solar system project, potentially the largest plant to use bifacial modules to date.

The planned merger of Taiwan-based PV manufacturers Gintech Energy, Neo Solar Power (NSP) and Solartech Energy to be called United Renewable Energy Co (UREC) is to receive an investment from the Taiwan government, according to reports.

The majority of Taiwanese solar industry companies that are public listed on the TSE have recently reported December, 2017 sales figures, highlighting how elusive the recovery in sales has been in 2017.