Neo Solar Power Corporation (3576 TT) (“NSP”, or “the Company”), a world-class leading producer of high quality solar cells in Hsinchu, Taiwan, today announced that November revenue reached NT$ 2,096 million, the third straight month of growth with a MoM growth rate of 1.89%.

Given the steady rising market demand in fourth quarter, NSP’s solid customer base and diversified orders, revenues continue to grow as a result of the increase of shipments. Year-to-Date cumulative revenues reached NT$ 24,704 million as of November 2014, a +39.68% jump in YoY terms.

Looking into the future, BNEF (Bloomberg New Energy Finance) estimates that there will be 58GW demand for solar industry in year 2015, and famous market research intelligence, Solarbuzz even optimistically forecasts the market to grow to 60GW. Both estimates show that even solar industry recently has gone through business cycles and trade disputes; the market still grows at double-digit every year. NSP just signed a major 400MW solar cell supply agreement with Canadian Solar, and it is believed to become one of NSP growth momentum in year 2015.