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 with an international project developer of solar systems and this YieldCo is planned to be publicly listed on the Hong Kong Stock Exchange which is the pioneer among Taiwanese solar players.
The stable cash inflows generated from solar system projects would ensure that the investors of YieldCo enjoy steadily-increased dividends in the long-term as well as its growth momentum, NSP notes.
Based on the YieldCo model, NSP can raise funds at relatively low costs in global capital markets to invest in more solar system projects and also increase its sales pipelines for solar cells and PV modules. Additionally, GES of NSP Group can also leverage the abundant funds coming from the YieldCo to more aggressively construct solar farms globally, reads the press release.
2015-05-25| Courtesy: Neo Solar Power Corporation | solarserver.com © Heindl Server GmbH
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