October 18, 2007 – Taiwanese solar-cell maker Neo Solar Power Corp. has signed a deal to supply Netherlands-based solar module maker Scheuten Solar, Europe’s oldest solar energy company (founded in 1950), with between $130-$150M worth of solar cells over the next three years. Digitimes projects the deal equates to around 50 peak MW of solar cells.
The Taiwan Economic News points out that Neo Solar already has won business from Tier-1 manufacturer Q-Cells of Germany, and recently unveiled a new high-performance technology dubbed “Super Cell” claiming a >16% PV conversion rate, vs. an average 15.4% conversion ratio on polycrystalline-based cells.
Neo Solar started volume production late last year with a 30MW/yr line, but aims to triple output with a second line hitting mass production next month, and a third line expected to be ramped into commercial production early next year. Capacity rates are at an eye-popping 120%, with sales of about $30M in 3Q07. The company wants to nearly triple its annual output from 210MW by the end of 2008 to at least 570MW by 2011, to become among the top-3 global suppliers, the paper notes.