DGAP-News: Neo Solar Power Corporation: NSP Completes World's Largest Airport Solar Farm


DGAP-News: Neo Solar Power Corporation / Key word(s): Miscellaneous
Neo Solar Power Corporation: NSP Completes World's Largest Airport
Solar Farm

23.12.2014 / 12:15

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Press Release
Dec 23rd, 2014

NSP Completes World's Largest Airport Solar Farm

Neo Solar Power Corporation (3576 TT) ("NSP", or "the Company"), announced
that its subsidiary, General Energy Solutions Inc. (6466) ("GES"), a solar
power system integrator, has successfully completed the world's largest
airport solar farm for the Indianapolis Airport in the United States.

After completing the 12.5MW Phase I of the project in 2013, GES began the
Phase II expansion of an additional 9.8MW on December 19th, putting the
total capacity to 22.3MW- the "World's Largest Airport Solar Farm." This
achievement showcases the exceptional planning and construction
capabilities of GES. GES's ability to deliver Phase I of the project while
conforming to the airport's unique construction requirements and stringent
aviation safety measures allowed GES to win the bid for Phase II of the
project from the Indianapolis Airport Authority.

In addition to their existing solar farm projects in Japan, the United
States, England and Taiwan, GES plans to expand business into new
territories such as Holland and the Middle East in 2015 and complete their
vision of building a global network of solar farms. Through collaboration
between parent and subsidiary, NSP and GES has created a fully functional
and vertically integrated green energy system business. Starting from the
upstream solar cell and modules provided by NSP and leveraging GES'
exceptional business development and engineering capabilities, the Company
plans to continue developing high quality and high  IRR solar farm projects
throughout the world. With high worldwide interest in solar farms, the
Company plans to continue collaborating with countries around the globe in
bringing new solar farms online. The new model of spanning the entire value
chain from solar cells to solar farm deployment will be the main revenue
and profit driver for NSP and GES in the coming years.

About Neo Solar Power Corporation (3576 TT) (NSP)
Founded in 2005 by Dr. Quincy Lin (former Senior VP of TSMC) and Dr. Sam
Hong (former Director of ITRI research division), Neo Solar Power
Corporation (NSP) is a leading manufacturer of high performance and high
quality solar cells and modules. With core competitive advantages in
quality, technology and customer service, NSP became the world's largest
merchant solar cell manufacturer by volume in 2013.  After selling DelSolar
to NSP, Delta Electronics (2308, TT) became the biggest shareholder of NSP
with a 19% holding. Leveraging current leading position in solar cell
technology, NSP will further expand into the global solar systems
businesses, aiming to become the leading solar system integrator in the
world. For more information, please visit the company's website at
www.nsp.com

For further information, please contact:
Ms. Shirley Chen
Investor Relations Dept.
Phone: +886-3-578-0011 ext. 20626 
Email: shirley.chen@nsp.com



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23.12.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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308575 23.12.2014