in News Departments > New & Noteworthy
print the content item

comments: 0

Following successful completion of the first-stage tender offer by Neo Solar Power Corp (NSP) to acquire 15% stake of DelSolar Co., NSP and DelSolar have approved the second-stage merger via 100% share swap, with each DelSolar share to be exchanged for 0.735 NSP shares.

NSP will be the surviving entity and remain the same company name after the merger. DelSolar's current largest shareholder, Delta Electronics Inc., will become the largest shareholder in the combined entity post-share-swap, with a 17% stake.

Closing date of the merger is tentatively set on May 31, 2013, subject to receipts of regulatory approvals.

Last month, Delta Electronics and NSP entered into a strategic cooperation plan for forming a large solar manufacturing entity in Taiwan. The combined company is expected to have a solar cell manufacturing capacity of nearly 2 GW

Hybrid Energy Innovations 2015

ModSolar_B_id1435
Latest Top Stories

TVA Reconsiders Solar's Role And Value In New Resource Plan And Grid Study

Critics point to wide variations in caps and premiums paid for solar under the Tennessee Valley Authority's (TVA) current plan. The utility agency says it will incorporate more solar stakeholders in future programs.


After Massachusetts' 'Godfather Of Solar' Exits, Will The New Gov. Step Up?

Bay State solar developers and suppliers look back on the legacy of Gov. Deval Patrick while awaiting Massachusetts’ incoming chief executive.


Do PV Customers Benefit From Incentive Programs In California?

Government incentives, such as the California Solar Initiative, have been instrumental in the growth of the photovoltaic industry over the past decade. Researchers have studied the degree to which these incentives have been passed on to PV customers.


Volatility Creeping Into Mass. Solar Sector Shakes Up Larger Developers

Players in the so-called "managed growth" sector of the commonwealth - 6 MW and larger - are concerned that the field keeps shifting under their feet.


New UL Energy Storage Standard Aims For Better, Safer Renewable Power

As the Talking Heads said, "Things fall apart. It's scientific." UL is turning its scientific study of how and why things fail to produce a testing and certification regime for building better renewable energy grids.

CanSolIndus_id1429
Heilind_id1430
GoIndustry (UK) Limited_id1446
Ingeteam_id1433
PVcobra_id1394