25 May '15, 7am

Neo Solar Power announces plans of YieldCo formation and IPO on the Hong Kong Stock Exchange

Neo Solar Power Corporation (NSP, Hsinchu, Taiwan), a producer of solar photovoltaic (PV) cells, announces plans of a YieldCo formation and an IPO on the Hong Kong Stock Exchange. On May 21st , 2015 the company reported that its Board of Directors approved to increase NSP’s solar PV system business and participate in the formation of a YieldCo. This YieldCo is planned to be publicly listed on the Hong Kong Stock Exchange at the end of 2015 or the first quarter of 2016. USD 50 million YieldCo investment with an international PV project developer NSP intends to invest more in global solar PV system construction with General Energy Solutions Inc. (GES) to expand PV projects and generate a steady profit source for the NSP Group. In addition, to enhance NSP’s competiveness and to leverage funds from global capital markets, NSP plans to invest USD 50 million to form the YieldCo ...

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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