Neo Solar Power sells multicrystalline solar cell fab
The sale of the Taiwanese company’s Zhunan fab for around $41 million is part of wider transformation strategy towards monocystralline PERC production.
July 12, 2017 Ian Clover
Neo Solar Power headquarters in Hsinchu, northern Taiwan.
Image: Neo Solar Power
Neo Solar Power (NSP), a leading Taiwanese solar cell and module manufacturer, has confirmed the sale of its Zhunan fab for NT$ 1,252 million ($41 million) to Maxchip Electronics Corporation.
The facility was originally acquired by NSP in 2013 following its merger with DelSolar, and had been utilized as a hub for the production of multicrystalline solar cells and modules.
The fab’s sale is part of a strategic step by NSP to completely exit the multicrystalline business and pivot fully towards the production of monocrystalline PERC cells and modules. Another driving factor behind the sale was the chance for NSP to idle assets and lower overheads as the firm accelerates its transformation towards PERC production.
According to NSP, the sale of the LEED-NC recognized facility was conducted through an open bidding process, with the new owner also able to benefit from the land leasing advantage of the Zhunan Science Park.
Following the sale, NSP’s Taiwanese manufacturing sites are now centralized at the Hsinchu Science Park and the Tainan Technology Industrial Park. Last month, NSP formally opened its new 200 MW high-efficiency module fab in Hsinchu. The fully-automated site will produce the company’s new Glory BiFi modules designed specifically for harsh environments.
Ian joined the pv magazine team in 2013 and specializes in power electronics (inverters) and battery storage. Ian also reports on the UK solar market, having worked as a print and web journalist in Britain for various multimedia companies, covering topics ranging from renewable energy and sustainability to real estate, sport and film.