Aug. 6, 2008 - Neo Solar Power announced that it has secured a new batch of solar
wafer from a top-three polysilicon supplier based in Europe. With the
new supply, the solar-cell maker plans for aggressive expansion in
2009, with expansion plans also including thin-film solar cell
production.
According to company filings with the Taiwan Stock Exchange (TSE),
Neo Solar Power has secured a seven-year supply of solar wafers worth
more than NT$13 billion (US$42.3 million) from a supplier. The contract
will be effective from 2009.
Despite the new solar wafer supply only being officially shipped in
2009, some investors suggested that Neo Solar Power will see its August
sales gain a big boost amid the orders as the company could still land
some additional supply from the new partner.
Construction at Neo Solar Power's Hsinchu, Taiwan plant will be
completed in mid August. By adding the extra capacity of 120 peak
megawatt (MWp) from this site, the company will house an annual
capacity of 210MWp in 2008. The company plans to add another 300MWp of
capacity in 2009, bringing capacity to 510MWp.
Aside from crystalline solar cell production, Neo Solar Power has
also established a specialized team for thin-film solar cell
production. Production is slated to begin in the second half of 2009
with an initial capacity of 30-60MWp. The total investment amount
exceeds NT$1 billion.
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