Additionally, the company has said it aims to develop its capacities and significantly increase the efficiencies of its solar cells next year.
Neo Solar Power of Taiwan concluded two agreements with South Korean suppliers, including an agreement for the supply of polycrystalline silicon over the next seven years with Hankook Silicon. Next year, the company plans to have a production capacity of 4,800 tons: this is expected to increase to 10,000 tons in 2012.
A three-year agreement on the supply of wafers has also been signed with Osung LST. According to the deal, Osung will supply Neo Solar Power with a total of 31.25 million solar wafers between next year and the end of 2013.
At PV Taiwan at the end of October Neo Solar Power announced that it would further develop its capacities in the coming year and aimed to enhance the efficiencies of its mono- and polycrystalline solar cells. It said that the efficiency of the multi-crystalline cells will increase from 16.8 to 17.4 percent; in the case of mono-crystalline solar cells, efficiency is to increase from the current 17.8 to 18.5 percent, noted senior vice-president Andy Shen.
A comprehensive report on the increasing importance of Taiwanese companies in the production of crystalline solar cells can be found in the next issue of pv magazine (12/2010), which is due to be published on December 15.