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.