Taiwan’s NSP announces yieldco

Share

Solar cell producer, NSP has said it plans to invest $50 million in the yieldco in order to grow its solar system portfolio with subsidiary, General Energy Solutions Inc., and "generate a steady profit source for NSP Group."

The yieldco is expected to be publicly listed on the Hong Kong Stock Exchange at the end of 2015, or by Q1 2016 at the latest.

In a statement issued, NSP said the yieldco, "will not only provide a steady profit source but also significantly expand solar system projects for NSP Group and therefore increase NSP’s sales pipelines for solar cells and modules." It added, "Additionally, GES of NSP Group can also leverage the abundant funds coming from the YieldCo to more aggressively construct solar farms globally."

In a recent investment note, Deutsche Bank stated that yieldcos in both established and emerging solar markets are proving to be a major driver of growth the solar sector. Research analyst Vishal Shah commented, "Yieldcos are enabling companies to sign relatively low priced PPAs."

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Switzerland authorizes removable PV plant on railway track

04 October 2024 Swiss startup Sun-ways is planning to build a 18 kW pilot PV system between the racks of a 100-m linear section of a railway line in the Swiss canton...

Share

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.