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Neo Solar Power Confirms Expansion Plans to Southeast Asia

published: 2015-11-13 17:53

NSP has not publicly committed to expanding production overseas until November 11th 2015.

Buried in a press release for NSP's Q3 results the company mentioned expenses related to “South East Asia capacity relocation”. NSP gives a completion date for January 2016, noting that once relocation is completed it can begin to expand shipment volumes to the United States.

The company is following the lead of fellow Taiwanese cell producer Gintech, which in May announced that it would build a PV cell factory in Thailand. Unlike Gintech, NSP has not revealed which nation in Southeast Asia is hosting its factory.

Source: PVmagazine

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