NSP, ET Solar sign 120MW cell deal

Chinese PV maker and EPC services provider ET Solar has agreed to buy 120MW of PV cells from Taiwanese manufacturer Neo Solar Power (NSP).

The companies did not disclose the terms of the deal, which will be completed in 2014.

The agreement will “deepen cooperation between the two sides to enhance each other's market competitiveness," Nanjing-based ET said in an online statement.

In 2011, ET secured 8bn yuan ($1.3bn) in funds from China CITIC Bank.
Since then, it has aggressively expanded in the global solar industry, with roughly 300MW of capacity installed throughout the world.

This year, it scored a number of US projects, including a 13MW delivery to developer Strata Solar and a 10.8MW order from geothermal specialist Ormat.

Earlier this year, Hsinchu-based NSP merged with fellow Taiwanese cell and module maker DelSolar.