$20m NSP loss ahead of merger

A solar array on the roof of NSP's headquarters

A solar array on the roof of NSP's headquarters

Neo Solar Power (NSP), set to complete its merger with fellow Taiwanese cell and module maker DelSolar on 31 May, recorded a NT$599.56m ($20.3m) net loss in the first quarter.

NSP's consolidated revenue rose to NT$1.023bn in April, up 9.7% from March, it said in a monthly earnings statement.

The Hsinchu-based PV cell manufacturer expects shipments to grow in the second quarter due to rising average selling prices, improving order visibility and strong demand for its monocrystalline and multicrystalline cells in Australia, Thailand, South Africa and the Middle East.

PV power plant developer General Energy Solutions, a subsidiary of NSP, told Taiwanese electronics publication DigiTimes that it expects to install 70-100MW of projects this year, including 50MW in Japan and 30MW in the US. It brought 3.8MW of Log in to read complete article.

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