Neo Solar Power (NSP), one of the largest PV cell manufacturers in Taiwan, has reached its highest monthly revenue of about US$83.2 million in March, 2014.

In NSP’s newest quarterly financial report, the company sold over US$240 million in 1Q14. The revenue of February was approximately US$77.2 million and US$ 80.1 million in January this year. Sale in March reached its record as well as the first quarter of 2014.

According to PV Tech, NSP is benefiting from higher ASPs, expansion in capacity and strong demand for solar cells from Japanese and Chinese PV manufacturers outsourcing requirements on strong demand.