Neo Solar Power
Taiwanese crystalline-silicon solar cell and module manufacturer that merged with Gintech Energy and Solartech Energy to form United Renewable Energy in 2018.
Last updated August 31, 2026
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Overview
Neo Solar Power was a Taiwan-based manufacturer of crystalline-silicon solar cells and solar modules. Founded in 2005 and headquartered in Hsinchu, the company developed during a period when Taiwan was building a significant photovoltaic manufacturing base serving both domestic and international markets. Its core business centered on the production of solar cells, with module manufacturing also associated with its product scope. The company operated as a publicly listed enterprise on the Taiwan Stock Exchange and became one of Taiwan's most prominent solar-cell manufacturers. Its growth was reflected in its recognition in the 2009 Deloitte Technology Fast 500 Asia Pacific ranking, where it was placed sixth. By 2013, Neo Solar Power was described as one of the world's ten largest solar-cell manufacturers by production capacity and as Taiwan's largest solar-cell producer by revenue. A major expansion of its Taiwanese manufacturing position came on May 31, 2013, when Neo Solar Power merged with Delsolar. The transaction increased its capacity and helped establish the company as Taiwan's largest solar-cell producer by capacity. The business continued to operate in a highly competitive photovoltaic market shaped by manufacturing scale, technology development, pricing pressure, international trade conditions, and the increasing importance of global supply chains. Neo Solar Power also participated in industry representation. In August 2011, its chief executive officer, Dr. Sam Hong, was elected chairman of the Taiwan Photovoltaic Industry Association. That appointment placed a senior company representative in a leadership role within Taiwan's photovoltaic sector. In October 2017, Neo Solar Power was reported to have signed a letter of intent to combine with two other Taiwanese solar manufacturers, Gintech Energy and Solartech Energy. The proposed transaction was designed to improve international competitiveness and consolidate manufacturing capabilities. The combination was structured as a share-swap merger and was planned for the third quarter of 2018. The resulting company was named United Renewable Energy Corporation, or United Renewable Energy Co., Ltd. After the 2018 combination, Neo Solar Power ceased to operate as an independent corporate entity and became part of United Renewable Energy. Accordingly, Neo Solar Power is best understood as a former Taiwanese photovoltaic manufacturing brand and company rather than an active standalone business. Its historical significance lies in its role in the development and consolidation of Taiwan's solar-cell industry, its expansion through the Delsolar merger, and its eventual participation in the formation of a larger renewable-energy manufacturer.
History
Neo Solar Power was established in 2005 in Taiwan as a manufacturer of crystalline-silicon solar cells. Its headquarters were in Hsinchu, a major Taiwanese technology and industrial center. The company developed during the expansion of the global photovoltaic industry, when demand for solar manufacturing capacity was increasing and Taiwan was emerging as an important production base. The company's principal activity was the manufacture of solar cells, while solar modules were also included in its product scope. As a publicly listed company on the Taiwan Stock Exchange, Neo Solar Power pursued scale in a market characterized by strong international competition and pressure on manufacturing economics. Its growth was recognized in the 2009 Deloitte Technology Fast 500 Asia Pacific ranking, where it placed sixth. Neo Solar Power's position in Taiwan's solar industry strengthened through consolidation. On May 31, 2013, it merged with Delsolar. The transaction expanded the company's manufacturing capacity and made Neo Solar Power Taiwan's largest solar-cell producer by capacity. The company was subsequently described as one of the world's ten largest solar-cell manufacturers by capacity in 2013 and as Taiwan's largest solar-cell producer by revenue. The company also had a role in industry coordination and representation. In August 2011, Dr. Sam Hong, identified as Neo Solar Power's chief executive officer, was elected chairman of the Taiwan Photovoltaic Industry Association. This appointment connected the company with broader efforts to represent and develop Taiwan's photovoltaic sector. By the late 2010s, consolidation had become a strategic response to the competitive conditions facing solar manufacturers. On October 17, 2017, Neo Solar Power was reported to have signed a letter of intent to merge with Gintech Energy and Solartech Energy. The proposed combination was intended to improve global competitiveness and bring together the production resources of three Taiwanese solar companies. The transaction was to be carried out through share swaps in the third quarter of 2018. The resulting business was named United Renewable Energy Corporation, also known as United Renewable Energy Co., Ltd. Following the merger, Neo Solar Power was absorbed into the new company and no longer operated as an independent corporate entity. Its legacy therefore belongs to the history of Taiwan's photovoltaic manufacturing sector: it grew from a 2005 solar-cell producer into one of the country's largest manufacturers, expanded through the Delsolar combination, and ultimately became one of the companies consolidated into United Renewable Energy.
- 2018
United Renewable Energy formed
[1]Neo Solar Power merged with Gintech Energy and Solartech Energy to form United Renewable Energy Corporation.
- 2017
Merger letter of intent announced
[1]Neo Solar Power announced a proposed combination with Gintech Energy and Solartech Energy through a share-swap transaction.
- 2013
Delsolar merger completed
[1]Neo Solar Power merged with Delsolar on May 31, becoming Taiwan's largest solar-cell producer by capacity.
- 2013
Global manufacturing scale recognized
[1]The company was identified as one of the world's ten largest solar-cell manufacturers by capacity and as Taiwan's largest producer by revenue.
- 2011
Executive elected photovoltaic industry association chair
[1]Chief executive officer Sam Hong was elected chairman of the Taiwan Photovoltaic Industry Association.
- 2009
Deloitte Asia Pacific technology ranking
[1]Neo Solar Power ranked sixth in the Deloitte Technology Fast 500 Asia Pacific ranking.
- 2005
Company founded
[1]Neo Solar Power was established in Taiwan as a manufacturer of crystalline-silicon solar cells.
Products and positioning
A Taiwanese photovoltaic manufacturer focused primarily on crystalline-silicon solar-cell production, with solar modules as part of its broader product scope. At its peak, it positioned itself as a large-scale, internationally oriented solar manufacturer and one of Taiwan's leading producers.
Photovoltaic components
Crystalline-silicon solar cells
Crystalline-silicon solar cells were Neo Solar Power's core manufacturing product. The company built its identity around large-scale cell production and was recognized for its position among major global manufacturers by capacity. These cells served as the electrical generation component used in photovoltaic modules and systems.
Photovoltaic systems
Solar modules
Solar modules were part of Neo Solar Power's broader photovoltaic product scope. Modules integrate solar cells into finished panel units suitable for deployment in solar installations. The available reference material identifies module manufacturing as part of the company's business but does not provide a detailed model-by-model product history.
Brand decisions
2017
Proposed combination with Gintech Energy and Solartech EnergyM&ABackground
The three Taiwanese solar producers sought greater scale and improved international competitiveness in a challenging global photovoltaic market.
Action taken
Neo Solar Power signed a letter of intent for a share-swap merger with Gintech Energy and Solartech Energy, with completion planned for the third quarter of 2018.
Aftermath
The transaction resulted in the formation of United Renewable Energy Corporation and ended Neo Solar Power's independent operation.
2013
Merger with DelsolarM&ABackground
Neo Solar Power pursued the combination as part of its expansion in Taiwan's photovoltaic manufacturing sector.
Action taken
The company completed its merger with Delsolar on May 31, 2013.
Aftermath
The merger made Neo Solar Power Taiwan's largest solar-cell producer by capacity.
Recent events
- 2018
Neo Solar Power becomes part of United Renewable Energy[1]
M&A
Neo Solar Power combined with Gintech Energy and Solartech Energy to create United Renewable Energy Corporation, ending Neo Solar Power's independent corporate operation.
- 2017
Neo Solar Power signs merger letter of intent with Gintech Energy and Solartech Energy[1]
M&A
Neo Solar Power signed a letter of intent with Gintech Energy and Solartech Energy to pursue a share-swap combination intended to strengthen global competitiveness.
- 2013
Neo Solar Power merges with Delsolar[1]
M&A
Neo Solar Power completed its merger with Delsolar on May 31, 2013. The transaction made Neo Solar Power Taiwan's largest solar-cell producer by capacity.
- 2011
Sam Hong elected chairman of Taiwan Photovoltaic Industry Association[1]
Leadership change
Dr. Sam Hong, then chief executive officer of Neo Solar Power, was elected chairman of the Taiwan Photovoltaic Industry Association in August 2011.
Sources1 sources
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