Delta Acquires Neo Solar Power, Forms Taiwan’s Largest Maker of PV Cells and Modules
Delta Electronics, Inc. subsidiary Delsolar Co., Ltd. has merged with Neo Solar Power Corporation effective May 31st, 2013. After the merger, the new company will keep the name Neo Solar Power Corporation (NSP). Following its merger with DelSolar, NSP has become the largest solar cell and module producer in Taiwan. Delta acquired 106,921,386 shares from NSP and gained two seats on the NSP Board of Directors.
Quincy Lin, chairman of NSP, said, â€œWith a vision for providing clean, renewable, and cost-effective energy, NSP pursues leading technologies, best product quality, and high product efficiency. After the merger, with Deltaâ€™s support, the two companiesâ€™ manpower and resources will be stronger, better, and together.
Yancey Hai, chairman of Delta Electronics, emphasized, â€œWe are extremely impressed with NSP and DelSolarâ€™s teamwork in making this a smooth and successful acquisition. Our mission statement, â€œTo provide innovative, clean and energy-efficient solutions for a better tomorrowâ€ continues to guide our development of innovative and green energy-efficient solutions. We look forward to bringing together NSPâ€™s expertise and advantages in solar cells and modules with Deltaâ€™s energy solutions to provide a more competitive supply chain. Delta, together with NSP, will continue its dedication to developing technologies and solutions that aim to reduce global warming and ensure a sustainable future for mankind.â€
NSP's management team consists of inter-disciplinary experts in semiconductors, electronic systems, silicon raw materials, solar cell technology, and solar energy system engineering with a proven track-record in delivering industry-leading conversion efficiency and production costs into our solar solutions. Long-lasting cooperation with foreign and domestic R&D institutions is also part of NSPâ€™s regular activity.