The Taiwanese cell producer said it will use the funds to repay existing loans and finance operations.
Neo Cathay Pacific, which is a joint venture between Neo Solar Power and Cathay Life Insurance, has, via its own subsidiary Si One Corp, secured NT$5bn syndicated loan to develop 100 MW of solar projects in Taiwan.
Ministry of Economic Affairs will offer a FIT some 9% higher than originally proposed in September in effort to expedite Taiwan’s clean energy goals.
The 8th Quality Roundtable brought into sharp focus the challenges that Taiwan’s fast-growing solar market faces as it attempts to ramp up towards its 20 GW by 2025 PV goal. Typhoons, humidity and sea spray are just the beginning.
In solar PV, while the world seems focused on quantity – how many megawatts installed, at what price – solar power manufacturers, installers, and operators know that quality is crucial to the successful delivery of clean and profitable power.
Newly formed United Renewable Energy Co. is the result of the merger between three of Taiwan’s leading solar companies. Move comes at a time of intense competition in the Taiwanese solar space.
Three of Taiwan’s largest solar cell and module manufacturers – Gintech, Neo Solar Power and Solartech – will suspend common stock transactions next week, prompting rumors that a merger between the three firms could be on the cards.
General Energy Solutions, a subsidiary of Taiwanese solar cell manufacturer Neo Solar Power, will be the EPC of a 40 MW ground-mounted solar park in Taiwan’s ChangHua county. The project will be the country’s largest ultra-high voltage power transmission solar project.
Equis Energy has won the rights to develop the biggest solar project in Taiwan, in a public auction that awarded 70.2 MW of PV capacity across two sites.
Taiwan’s Gintech Energy has signed the first phase of a 200 MW solar cell supply deal with PV manufacturer and developer Solar Philippines.
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