The Taiwanese solar cell specialist has opened the country’s first automated high-efficiency module production facility at Hsinchu. NSP will produce its new Glory BiFi module at the site.
Neo Solar Power has posted a net loss of NT$1.3 billion ($43.7 million) for the first quarter of 2017, as weak demand in China weighed on orders.
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.
Neo Solar Power (NSP) has shifted Thomas Hsu, senior vice president and CFO, to serve as CFO of Clean Focus Yield (CFY).
The Taiwanese PV manufacturer recorded revenue of NT$1.166 billion ($36.8 million) in the final month of 2016, up 29.81% from November.
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