The Taiwanese PV cell producer partly attributed the NT$6.3 billion ($206.9 million) loss — down from a NT$139 million net profit in 2015 — to the idling of some of its production capacity in China.
An preliminary finding by the Department of Commerce could lower import duties first imposed on Taiwan solar cell manufacturers in 2014 from high double-digits to single digits, while tariffs on Chinese module and cell manufacturers imposed at the same time remain in place.
The Taiwanese solar cell maker has confirmed to pv magazine that it will exit the polycrystalline PV business and will focus on its monocrystalline products. The company intends to gradually lower its polycrystalline PV capacity.
Neo Solar Power (NSP) has shifted Thomas Hsu, senior vice president and CFO, to serve as CFO of Clean Focus Yield (CFY).
The bookings for the last four months include PECVD orders and an n-type bifacial turnkey line for customers in Asia, and will ship in the next six to nine months.
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