On July 20th Fuyuan Silicon and Shanghai Solar Technology successfully produced 6N polysilicon in Baishan, Jilin province.
Its annual solar grade polycrystalline silicon production capacity is 1000 ton. And they adopted some physical way to produce polysilicon and its production cost is only two thirds of the international manufacturers, and the total investment is saved two thirds.
Sunday, July 29, 2007
China Sunergy Strengthens Management Team with the Appointment of Allen Wang as CEO
NANJING, China, July 27 /Xinhua-PRNewswire/ -- China Sunergy Co., Ltd. , a specialized solar cell manufacturer based in Nanjing, China, announced today that it has appointed Allen Wang as its new Chief Executive Officer ("CEO") with immediate effect. Mr. Wang will succeed Mr. Tingxiu Lu, who will remain as Executive Chairman and continue to be an integral part of the management team and a member of China Sunergy's Board of Directors.
Mr. Wang, 53, brings with him over 26 years experience in operations management and sales with leading technology companies in China, the US and Taiwan. His particular strengths are in supply chain management, operational management and procurement.
Mr. Wang joins China Sunergy from NEC China, where he was Senior Vice President and General Manager of its operations division focusing on supply chain management, quality assurance and customer service. Prior to joining NEC, he spent nearly ten years with Motorola in a variety of senior operational management roles including time spent establishing, developing and overseeing Motorola's handset joint venture in China, which he took from start-up to a business with annual sales of US$600 million per/annum within three years. In addition to his experience in China, Mr. Wang also spent eight years in the US with AT&T.
Mr. Tingxiu Lu, Chairman and CEO of China Sunergy, commented: "I am delighted that Allen Wang has decided to join us and look forward to working closely with him over the coming months. I was particularly impressed by both his drive and ability to grasp the more technical element of our business and believe that these factors, combined with his considerable operational experience and proven ability to grow a business, will be of enormous benefit to us as we seek to forge closer ties with suppliers and expand our operations."
Mr. Wang further added: "It is a great honor to be appointed to be the CEO of such a young and dynamic company as China Sunergy. As an engineer, I am extremely impressed by the strength of the company's research and development efforts and look forward to ensuring that these efforts can be commercially realized as we seek to expand our customer base and secure long-term contracts with our suppliers."
An engineer by training, Mr. Wang holds an MA in mechanical engineering from Yale University, an MA in electrical engineering and PhD in Computer Science from Northwestern University and an MBA from the University of Chicago. He is fluent in both English and Mandarin Chinese.
In the light of Allen Wang's appointment as a director to the board, Mr. Shiliang Guo will step down as a board member with immediate effect.
About China Sunergy Co., Ltd.
China Sunergy Co., Ltd. ("China Sunergy") is a leading manufacturer of solar cell products in China as measured by production capacity. China Sunergy manufactures solar cells from silicon wafers utilizing crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect. China Sunergy sells solar cell products to Chinese and overseas module manufacturers and system integrators, who assemble solar cells into solar modules and solar power systems for use in various markets. For more information please go to http://www.chinasunergy.com .
Mr. Wang, 53, brings with him over 26 years experience in operations management and sales with leading technology companies in China, the US and Taiwan. His particular strengths are in supply chain management, operational management and procurement.
Mr. Wang joins China Sunergy from NEC China, where he was Senior Vice President and General Manager of its operations division focusing on supply chain management, quality assurance and customer service. Prior to joining NEC, he spent nearly ten years with Motorola in a variety of senior operational management roles including time spent establishing, developing and overseeing Motorola's handset joint venture in China, which he took from start-up to a business with annual sales of US$600 million per/annum within three years. In addition to his experience in China, Mr. Wang also spent eight years in the US with AT&T.
Mr. Tingxiu Lu, Chairman and CEO of China Sunergy, commented: "I am delighted that Allen Wang has decided to join us and look forward to working closely with him over the coming months. I was particularly impressed by both his drive and ability to grasp the more technical element of our business and believe that these factors, combined with his considerable operational experience and proven ability to grow a business, will be of enormous benefit to us as we seek to forge closer ties with suppliers and expand our operations."
Mr. Wang further added: "It is a great honor to be appointed to be the CEO of such a young and dynamic company as China Sunergy. As an engineer, I am extremely impressed by the strength of the company's research and development efforts and look forward to ensuring that these efforts can be commercially realized as we seek to expand our customer base and secure long-term contracts with our suppliers."
An engineer by training, Mr. Wang holds an MA in mechanical engineering from Yale University, an MA in electrical engineering and PhD in Computer Science from Northwestern University and an MBA from the University of Chicago. He is fluent in both English and Mandarin Chinese.
In the light of Allen Wang's appointment as a director to the board, Mr. Shiliang Guo will step down as a board member with immediate effect.
About China Sunergy Co., Ltd.
China Sunergy Co., Ltd. ("China Sunergy") is a leading manufacturer of solar cell products in China as measured by production capacity. China Sunergy manufactures solar cells from silicon wafers utilizing crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect. China Sunergy sells solar cell products to Chinese and overseas module manufacturers and system integrators, who assemble solar cells into solar modules and solar power systems for use in various markets. For more information please go to http://www.chinasunergy.com .
Saturday, July 28, 2007
LDK Solar Expands 2009 Production Capacity to 1,600MW
SUNNYVALE, Calif. and XINYU CITY, China, July 26 /PRNewswire-FirstCall/-- LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer ofmulticrystalline solar wafers, announced today that it has securedadditional contracts for production equipment that will enable the Companyto expand its wafer production capacity to 1,600MW by the end of 2009. Under these contracts, LDK will purchase additional directionalsolidification system (DSS) furnaces and wire saws for use in itsmanufacturing facilities in Xinyu City, China.
"By securing this equipment, we will be able to execute our plans todouble our production capacity annually through 2009, in order to addressthe strong demand for solar wafers," stated Xiaofeng Peng, Chairman andCEO. "These agreements represent another key step towards fulfilling ourvision to become the largest and lowest cost producer in the solar waferindustry."
"By securing this equipment, we will be able to execute our plans todouble our production capacity annually through 2009, in order to addressthe strong demand for solar wafers," stated Xiaofeng Peng, Chairman andCEO. "These agreements represent another key step towards fulfilling ourvision to become the largest and lowest cost producer in the solar waferindustry."
Clean-tech VC investment booming in China
London, 26 July: Venture capitalists invested $420 million in Chinese clean technology companies in 2006, more than double the previous year's $170 million, according to a report from Cleantech Network.
The US network of investors and clean-tech firms predicted the trend would continue, with clean-tech venture capital (VC) investment reaching $580 million this year, and surpassing $720 million in 2008.
"Policy drives much of the interest in China's clean-tech industries. The enforcement of China's renewable energy law attracted a flood of VC investment into energy-related fields in 2006," the report said.
Some 70% of the $420 million total was invested in the solar sector, including 2006's largest VC deal – the $53 million first-stage investment by CVC International and Good Energies in SolarFun, a manufacturer of photovoltaic cells. SolarFun was subsequently floated on US exchange Nasdaq, a trend that is also set to continue with at least four solar companies expected to go public this year, the report noted.
Energy generation will continue to take the lion's share of VC investment in coming years, but water and wastewater will be the next emerging segment, the Ann Arbor, Michigan-based Cleantech Network predicted, as "China is facing serious issues of water quality and water resources, especially in North China".
Of the 26 deals struck in 2006, six were in the water sector, for a total of $90 million. However, the report predicts water technology investment will only reach $100 million by 2008.
Overall VC investment in China reached $2.2 billion in 2006, and the report said veteran investors see opportunity in clean-tech that is akin to IT – which today is the dominant investment segment in China.
The US network of investors and clean-tech firms predicted the trend would continue, with clean-tech venture capital (VC) investment reaching $580 million this year, and surpassing $720 million in 2008.
"Policy drives much of the interest in China's clean-tech industries. The enforcement of China's renewable energy law attracted a flood of VC investment into energy-related fields in 2006," the report said.
Some 70% of the $420 million total was invested in the solar sector, including 2006's largest VC deal – the $53 million first-stage investment by CVC International and Good Energies in SolarFun, a manufacturer of photovoltaic cells. SolarFun was subsequently floated on US exchange Nasdaq, a trend that is also set to continue with at least four solar companies expected to go public this year, the report noted.
Energy generation will continue to take the lion's share of VC investment in coming years, but water and wastewater will be the next emerging segment, the Ann Arbor, Michigan-based Cleantech Network predicted, as "China is facing serious issues of water quality and water resources, especially in North China".
Of the 26 deals struck in 2006, six were in the water sector, for a total of $90 million. However, the report predicts water technology investment will only reach $100 million by 2008.
Overall VC investment in China reached $2.2 billion in 2006, and the report said veteran investors see opportunity in clean-tech that is akin to IT – which today is the dominant investment segment in China.
Thursday, July 26, 2007
Emei Semi-conductor Materials Factory Joined Dongfang Steam Turbine Works
Emei Semi-conductor Materials Factory Joined Dongfang Steam Turbine Works in October 2006, and Dongfang Steam Turbine Works has invested 600 million RMB to help Emei Semi-conductor Materials Factory to expand its production capacity.
Emei Semi-conductor Materials Factory started to construct its 500 ton electronic grade polysilicon project in March 2007. And Dongfang Steam Turbine Works started the 1500 ton polysilicon project in April 2007.
Emei Semi-conductor Materials Factory started to construct its 500 ton electronic grade polysilicon project in March 2007. And Dongfang Steam Turbine Works started the 1500 ton polysilicon project in April 2007.
Taiwan Lightwave Solar Power invested 300 million USD in solar project in Danyang, Jiangsu
Taiwan Lightwave Solar Power signed the contract to invest 300 million USD in the solar project in Danyang, Jiangsu on July 2nd.
Taiwan Lightwave Solar Power is the general distributor of Siemens Solar in Asia and Pacific Region. Taiwan Lightwave Solar Power plans to make Danyang its production base in Asia.
Taiwan Lightwave Solar Power is the general distributor of Siemens Solar in Asia and Pacific Region. Taiwan Lightwave Solar Power plans to make Danyang its production base in Asia.
Luoyang China Silicon High Tech 1000 Ton Polysilicon Project Started Commercial Production
Luoyang China Silicon High Tech 1000 Ton Polysilicon Project Started Commercial Production on June 8th. The product specifications met or exceeded the expection.
This project was constructed by China Enfi Group, and started in early 2006.
China Silicon High Tech polysilicon output in 2007 will reach 600 tons, and China Silicon High Tech is the top producer of polysilicon in China.
This project was constructed by China Enfi Group, and started in early 2006.
China Silicon High Tech polysilicon output in 2007 will reach 600 tons, and China Silicon High Tech is the top producer of polysilicon in China.
Wednesday, July 25, 2007
China is able to produce all the solar cell production equipments
Solar energy sector is quite hot in China, there are several dozens of solar cell manufacturers and several hundreds of solar panel manufacturers in China.
The cost advantage brings great opportunities to the solar cell production equipments manufacturers, and then these manufacturers have fund to improve their technologies to better serve their clients.
At present these Chinese solar cell production equipments manufacturers are able to produce all the equipments used in the solar cell production. To be frank, some of their technologies are not as advanced as the ones used by the Western manufacturers, but their equipments do meet the clients' certain demand. I am sure that several years later their equipments will be further improved and adopt the most advanced technologies.
The cost advantage brings great opportunities to the solar cell production equipments manufacturers, and then these manufacturers have fund to improve their technologies to better serve their clients.
At present these Chinese solar cell production equipments manufacturers are able to produce all the equipments used in the solar cell production. To be frank, some of their technologies are not as advanced as the ones used by the Western manufacturers, but their equipments do meet the clients' certain demand. I am sure that several years later their equipments will be further improved and adopt the most advanced technologies.
Clean tech within China presents clear opportunity
China is not feted for its stewardship of the environment. One recent World Bank report found that 16 of the world's 20 most polluted cities were in China; a draft version of another report puts the total economic cost of outdoor air and water pollution at around $100 billion a year, or 5.8 percent of China's GDP.
By some estimates, China has now overtaken America to become the world's largest producer of greenhouse gases. Environmental protests, such as one that took place in Xiamen last month in response to a plan to build a chemical plant in the city, are on the rise.
Pollution resulting from China's growth is a huge problem, but to investors it presents an enormous opportunity. Venture-capital investment in clean tech in China is picking up, increasing by 147 percent from $170 million in 2005 to $420 million last year, according to the Cleantech Group, an industry research body. Most of this investment was in solar energy, a booming field in which several Chinese firms have gone public in the past year.
But although China has now become the world's third-largest manufacturer of solar panels, most of them are exported, thanks to the subsidies offered in the developed world.
Several initiatives aim to promote the development and deployment of clean technologies within China itself. The most prominent is the Clean Development Mechanism (CDM) of the Kyoto protocol, the United Nations treaty on climate change. Under the CDM, projects that reduce emissions of greenhouse gases in poor countries earn credits, which can be purchased by rich countries in lieu of reducing their own emissions as required by the treaty. The Chinese government has already approved 524 such projects; China accounted for 61 percent of the CDM market last year, which was worth nearly $5 billion.
The Chinese government is also introducing environmental targets of its own in areas such as building regulations, appliance efficiency and the energy consumption of big companies. Meeting them will require vast sums to be spent on new technologies, and several schemes involving local and foreign institutions aim to encourage that investment.
The latest, announced in Beijing last week, is a nonprofit, public-private organization called the Joint U.S.-China Co-operation on Clean Energy. It grew out of an energy conference that took place in Shanghai in April and is headed by Peggy Liu, a former Silicon Valley executive who is now a venture capitalist in China.
Liu says its aim is to compress 30 years of clean-tech development into just 10, in part by bringing together innovators and investors. It will promote investment in both reducing energy demand and greening supply. It is particularly enthusiastic about the prospects for trimming energy consumption in buildings, which can be two or three times more energy-hungry in China than elsewhere.
Rob Watson, a member of the joint committee and the man behind LEED, a popular standard used to certify green buildings around the world, said he has been commuting to China regularly in recent years to advise local builders and contractors. He likens the energy-distribution system to a "leaky bucket" and says plugging the obvious holes could have a big impact relatively quickly.
Last year the government set a goal of reducing the energy consumption of new buildings by 50 percent, and in some cases by 65 percent. Yet success depends not only on the strength of regulations, but also on the zeal with which local authorities enforce them. As in the rest of the world, relatively few green technologies are competitive without subsidies or incentives of some sort. A shining exception is solar-powered water heaters, of which China has more than any other country. Chinese firms sold $2.6 billion of them last year alone.
The combination of environmental degradation, economic growth and manufacturing prowess means that China "has the opportunity to be at the forefront in finding solutions to the energy problem that the world faces," said Richard Branson, a British businessman who is investing in a range of clean-tech initiatives.
In the 1960s, after all, Japan was also a fast-growing, polluted country; yet today Japanese firms are the leading manufacturers of hybrid cars and solar panels.
By some estimates, China has now overtaken America to become the world's largest producer of greenhouse gases. Environmental protests, such as one that took place in Xiamen last month in response to a plan to build a chemical plant in the city, are on the rise.
Pollution resulting from China's growth is a huge problem, but to investors it presents an enormous opportunity. Venture-capital investment in clean tech in China is picking up, increasing by 147 percent from $170 million in 2005 to $420 million last year, according to the Cleantech Group, an industry research body. Most of this investment was in solar energy, a booming field in which several Chinese firms have gone public in the past year.
But although China has now become the world's third-largest manufacturer of solar panels, most of them are exported, thanks to the subsidies offered in the developed world.
Several initiatives aim to promote the development and deployment of clean technologies within China itself. The most prominent is the Clean Development Mechanism (CDM) of the Kyoto protocol, the United Nations treaty on climate change. Under the CDM, projects that reduce emissions of greenhouse gases in poor countries earn credits, which can be purchased by rich countries in lieu of reducing their own emissions as required by the treaty. The Chinese government has already approved 524 such projects; China accounted for 61 percent of the CDM market last year, which was worth nearly $5 billion.
The Chinese government is also introducing environmental targets of its own in areas such as building regulations, appliance efficiency and the energy consumption of big companies. Meeting them will require vast sums to be spent on new technologies, and several schemes involving local and foreign institutions aim to encourage that investment.
The latest, announced in Beijing last week, is a nonprofit, public-private organization called the Joint U.S.-China Co-operation on Clean Energy. It grew out of an energy conference that took place in Shanghai in April and is headed by Peggy Liu, a former Silicon Valley executive who is now a venture capitalist in China.
Liu says its aim is to compress 30 years of clean-tech development into just 10, in part by bringing together innovators and investors. It will promote investment in both reducing energy demand and greening supply. It is particularly enthusiastic about the prospects for trimming energy consumption in buildings, which can be two or three times more energy-hungry in China than elsewhere.
Rob Watson, a member of the joint committee and the man behind LEED, a popular standard used to certify green buildings around the world, said he has been commuting to China regularly in recent years to advise local builders and contractors. He likens the energy-distribution system to a "leaky bucket" and says plugging the obvious holes could have a big impact relatively quickly.
Last year the government set a goal of reducing the energy consumption of new buildings by 50 percent, and in some cases by 65 percent. Yet success depends not only on the strength of regulations, but also on the zeal with which local authorities enforce them. As in the rest of the world, relatively few green technologies are competitive without subsidies or incentives of some sort. A shining exception is solar-powered water heaters, of which China has more than any other country. Chinese firms sold $2.6 billion of them last year alone.
The combination of environmental degradation, economic growth and manufacturing prowess means that China "has the opportunity to be at the forefront in finding solutions to the energy problem that the world faces," said Richard Branson, a British businessman who is investing in a range of clean-tech initiatives.
In the 1960s, after all, Japan was also a fast-growing, polluted country; yet today Japanese firms are the leading manufacturers of hybrid cars and solar panels.
Monday, July 23, 2007
Xinjiang SunOasis to construct three solar power stations in Tibet
Shanghai. July 23. INTERFAX-CHINA - China Xinjiang SunOasis Co. Ltd., a hi-tech enterprise engaged in the solar energy industry, signed a cooperative contract last week with China Mobile Group to construct three solar power stations in the Tibet Autonomous Region, state media reported over the weekend. The three solar power stations will be finished at the end of August.
Saturday, July 21, 2007
LDK Solar Signs Contract to Purchase Polysilicon Production Equipment from GT Solar
July 20, 2007: 08:30 AM EST
XINYU CITY, China and SUNNYVALE, Calif., July 20 /PRNewswire-FirstCall/ -- LDK Solar Co., Ltd. , a leading manufacturer of multicrystalline solar wafers, announced today that it has signed a contract to purchase polysilicon production equipment from U.S.-based GT Solar Incorporated, a subsidiary of GT Solar International, Inc.
Under this contract, LDK Solar will purchase polysilicon reactors and other polysilicon production equipment for installation in its manufacturing facilities in Xinyu City, enabling the Company to produce virgin silicon feedstock for use in its production of multicrystalline solar wafers. LDK expects that following installation of this equipment, the Company will have polysilicon production capacity of up to 6,000 metric tons in 2008 and 15,000 metric tons in 2009.
"Through the purchase of this equipment, we are expanding our capabilities in the solar value chain, adding the production of pure polysilicon to our operations," stated Xiaofeng Peng, Chairman and CEO. "In combination with our ability to use recyclable polysilicon in our production process, producing our own pure polysilicon feedstock will enhance our cost efficiencies.
"We look forward to working with GT Solar and installing their best-in- class polysilicon production equipment into our manufacturing facilities. Our purchase contract with GT Solar is a key element of our expanding production plans," concluded Mr. Peng.
"We are excited to work with an industry leader, LDK, in providing them with the equipment that supports their operational expansion," stated Tom Zarrella, President and CEO of GT Solar International.
GT's VP for Polysilicon, David Keck, stated, "LDK has plans to become a leader in polysilicon production, so we are pleased to be working with them and to continue our long standing relationship."
LDK Sr. VP of manufacturing, Nick Sarno, also stated, "This is an exciting day for LDK Solar as the Company has taken one more step toward becoming the world leader in low cost solar wafer manufacturing by securing future polysilicon supplies. The LDK team is looking forward to working with GT Solar and, in particular, with the team headed by Dave Keck. The future offers both challenges and great rewards for all involved."
About LDK Solar
LDK Solar Co., Ltd. is a leading manufacturer of multicrystalline solar wafers, which are the principal raw material used to produce solar cells. LDK sells multicrystalline wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. In addition, the company provides wafer processing services to monocrystalline and multicrystalline solar cell and module manufacturers. LDK's headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi province in the People's Republic of China. The company's office in the United States is located in Sunnyvale, California.
About GT Solar
GT is one of the largest providers of manufacturing equipment and turnkey manufacturing solutions to the PV industry. Based in Merrimack, NH (USA), the company's products include equipment used to produce multicrystalline solar wafers, cells, modules. GT Solar also manufactures polysilicon reactors, which allow its customers to produce the polysilicon from which solar wafers are made. For more information, go to http://www.gtsolar.com.
XINYU CITY, China and SUNNYVALE, Calif., July 20 /PRNewswire-FirstCall/ -- LDK Solar Co., Ltd. , a leading manufacturer of multicrystalline solar wafers, announced today that it has signed a contract to purchase polysilicon production equipment from U.S.-based GT Solar Incorporated, a subsidiary of GT Solar International, Inc.
Under this contract, LDK Solar will purchase polysilicon reactors and other polysilicon production equipment for installation in its manufacturing facilities in Xinyu City, enabling the Company to produce virgin silicon feedstock for use in its production of multicrystalline solar wafers. LDK expects that following installation of this equipment, the Company will have polysilicon production capacity of up to 6,000 metric tons in 2008 and 15,000 metric tons in 2009.
"Through the purchase of this equipment, we are expanding our capabilities in the solar value chain, adding the production of pure polysilicon to our operations," stated Xiaofeng Peng, Chairman and CEO. "In combination with our ability to use recyclable polysilicon in our production process, producing our own pure polysilicon feedstock will enhance our cost efficiencies.
"We look forward to working with GT Solar and installing their best-in- class polysilicon production equipment into our manufacturing facilities. Our purchase contract with GT Solar is a key element of our expanding production plans," concluded Mr. Peng.
"We are excited to work with an industry leader, LDK, in providing them with the equipment that supports their operational expansion," stated Tom Zarrella, President and CEO of GT Solar International.
GT's VP for Polysilicon, David Keck, stated, "LDK has plans to become a leader in polysilicon production, so we are pleased to be working with them and to continue our long standing relationship."
LDK Sr. VP of manufacturing, Nick Sarno, also stated, "This is an exciting day for LDK Solar as the Company has taken one more step toward becoming the world leader in low cost solar wafer manufacturing by securing future polysilicon supplies. The LDK team is looking forward to working with GT Solar and, in particular, with the team headed by Dave Keck. The future offers both challenges and great rewards for all involved."
About LDK Solar
LDK Solar Co., Ltd. is a leading manufacturer of multicrystalline solar wafers, which are the principal raw material used to produce solar cells. LDK sells multicrystalline wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. In addition, the company provides wafer processing services to monocrystalline and multicrystalline solar cell and module manufacturers. LDK's headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi province in the People's Republic of China. The company's office in the United States is located in Sunnyvale, California.
About GT Solar
GT is one of the largest providers of manufacturing equipment and turnkey manufacturing solutions to the PV industry. Based in Merrimack, NH (USA), the company's products include equipment used to produce multicrystalline solar wafers, cells, modules. GT Solar also manufactures polysilicon reactors, which allow its customers to produce the polysilicon from which solar wafers are made. For more information, go to http://www.gtsolar.com.
Friday, July 20, 2007
CSI Received US$50 Million Syndicated Loan
July 19, 2007: 07:46 AM EST
JIANGSU, China, July 19 /Xinhua-PRNewswire/ -- Canadian Solar Inc. (''the Company'', or ''CSI'') announced today that it has signed an aggregate US$50 million syndicated loan agreement with Industrial and Commercial Bank of China (ICBC) and Communication Bank of China. The majority of this loan will be used for the expansion of CSI's solar cell manufacturing facilities in the Suzhou New District. This new loan agreement, together with other existing banking arrangements, provides CSI with approximately US$90 million in available credit lines. CSI also signed strategic partnership agreements with both banks, which pledged continuous support to CSI's five- year growth plan.
Dr. Shawn Qu, Chairman and Chief Executive Officer of CSI, together with other representatives from CSI and the bank syndicate were present at the signing ceremony held in Jiangsu, China.
Dr. Shawn Qu, Chairman and CEO of CSI, said, ''We appreciate the support of our local banks as they continue to be supportive, long-term strategic partners. This credit agreement is very positive for CSI, as it enables us to execute our long-term growth plan without causing any dilution to shareholders. We have already completed our second 25MW cell line, currently in test run. We expect this second line to be at full production in August. We continue to expect lines three and four to be completed for full production in the fourth quarter. By then, CSI will have 100MW of annual cell manufacturing capacity. CSI remains well-positioned for continued fast growth given our global customer base, reputation for high quality modules, and the financial strength to support the increased customer demand levels.''
About Canadian Solar Inc.
Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar cell, solar module and customer-designed solar application products serving worldwide customers. CSI is incorporated in Canada and conducts all of its manufacturing operations in China. Backed by years of experience and knowledge in the solar power market and the silicon industry, CSI has become a major global provider of solar power products for a wide range of applications. For more information, please visit http://www.csisolar.com .
JIANGSU, China, July 19 /Xinhua-PRNewswire/ -- Canadian Solar Inc. (''the Company'', or ''CSI'') announced today that it has signed an aggregate US$50 million syndicated loan agreement with Industrial and Commercial Bank of China (ICBC) and Communication Bank of China. The majority of this loan will be used for the expansion of CSI's solar cell manufacturing facilities in the Suzhou New District. This new loan agreement, together with other existing banking arrangements, provides CSI with approximately US$90 million in available credit lines. CSI also signed strategic partnership agreements with both banks, which pledged continuous support to CSI's five- year growth plan.
Dr. Shawn Qu, Chairman and Chief Executive Officer of CSI, together with other representatives from CSI and the bank syndicate were present at the signing ceremony held in Jiangsu, China.
Dr. Shawn Qu, Chairman and CEO of CSI, said, ''We appreciate the support of our local banks as they continue to be supportive, long-term strategic partners. This credit agreement is very positive for CSI, as it enables us to execute our long-term growth plan without causing any dilution to shareholders. We have already completed our second 25MW cell line, currently in test run. We expect this second line to be at full production in August. We continue to expect lines three and four to be completed for full production in the fourth quarter. By then, CSI will have 100MW of annual cell manufacturing capacity. CSI remains well-positioned for continued fast growth given our global customer base, reputation for high quality modules, and the financial strength to support the increased customer demand levels.''
About Canadian Solar Inc.
Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar cell, solar module and customer-designed solar application products serving worldwide customers. CSI is incorporated in Canada and conducts all of its manufacturing operations in China. Backed by years of experience and knowledge in the solar power market and the silicon industry, CSI has become a major global provider of solar power products for a wide range of applications. For more information, please visit http://www.csisolar.com .
Cleantech Investments in China Soar
New report said 2007 investment will rise 38 percent.July 19, 2007
By Marie Alpman
Chinese cleantech companies scored $154 million in venture funding in the first-quarter, a fourfold increase from the same period two years ago, a new report released Thursday said.
The report from the Cleantech Group, a research firm based in Brighton, Mitchigan, that tracks cleantech investments around the world, also noted that investments in China’s cleantech sector for all of 2007 likely will surpass investments in 2006. The report estimated that total investments in alternative energy and other clean technologies in China will reach $580 million this year, compared to $420 million in 2006.
The report said investment in cleantech is being driven by China's Renewable Energy Law, which went into effect last year and states that 10 percent of the nation's energy output should come from renewable sources by 2010.
China's solar sector is particularly hot. In 2006, about 70 percent of the venture capital was spent on solar companies, and the biggest first-quarter 2007 deal was an $82 million investment, led by Goldman Sachs, in Jiangsu Shunda, a photovoltaic solar company. To boot, five Chinese solar companies went public on U.S. exchanges and London's AIM in 2006; so far this year, three more Chinese firms have been listed in the U.S.
According to the report, the next booming segment will be water purification. Investments in water technologies are expected to reach $100 million in 2008, the report said.
By Marie Alpman
Chinese cleantech companies scored $154 million in venture funding in the first-quarter, a fourfold increase from the same period two years ago, a new report released Thursday said.
The report from the Cleantech Group, a research firm based in Brighton, Mitchigan, that tracks cleantech investments around the world, also noted that investments in China’s cleantech sector for all of 2007 likely will surpass investments in 2006. The report estimated that total investments in alternative energy and other clean technologies in China will reach $580 million this year, compared to $420 million in 2006.
The report said investment in cleantech is being driven by China's Renewable Energy Law, which went into effect last year and states that 10 percent of the nation's energy output should come from renewable sources by 2010.
China's solar sector is particularly hot. In 2006, about 70 percent of the venture capital was spent on solar companies, and the biggest first-quarter 2007 deal was an $82 million investment, led by Goldman Sachs, in Jiangsu Shunda, a photovoltaic solar company. To boot, five Chinese solar companies went public on U.S. exchanges and London's AIM in 2006; so far this year, three more Chinese firms have been listed in the U.S.
According to the report, the next booming segment will be water purification. Investments in water technologies are expected to reach $100 million in 2008, the report said.
Wednesday, July 18, 2007
For China's JA Solar, Supplier Alliances Create Solid Outlook
BY BRIAN WOMACK
INVESTOR'S BUSINESS DAILY
Posted 7/17/2007
In solar energy, the latter half of the supply and demand equation is the easy part. That's what makes JA Solar's (JASO) new supply pact, plus its close ties to another supplier, big.
JA Solar enjoys a strong relationship with a big supplier of polysilicon, the material used to make solar cells. JA says that company, Jinglong Group, is China's biggest maker of polysilicon. Jinglong's parent, Jinglong BVI, owns the biggest piece of JA Solar. The size of that stake appears to be 32%. And JA Solar's chairman is the president of Jinglong. JA Solar says it gets the polysilicon from Jinglong at 5% below spot market prices.
But then last month, JA Solar inked a pact with M.Setek, a privately held Japanese company, to supply it with polysilicon starting this month. That agreement about doubles the amount of silicon wafers that will be available to JA Solar through 2010.
New supply agreements are huge because the industry is struggling through silicon shortages that may not clear up until '09, analysts say.
"That (deal) brought to light a lot of the differences between them and some other" solar companies, said John Hardy, an analyst with American Technology Research.
The deal also helped propel JA's American Depositary Receipts to an all-time high of 43.87 on July 9. The company went public in the U.S. in early February at $15 a share. It trades near 38. It fell about 6% on Tuesday after Needham & Co. downgraded the stock to hold, based on its recent quick run-up.
Still, the stock's gains exceed such big solar highfliers as solar installer SunPower, (SPWR) which is up 50% since JA's IPO and panel maker Suntech, (STP) up about 15%.
Solar is one of the best stock sectors today. IBD's Energy-Other group, which includes solar companies, ranks No. 7 among 197 industry groups tracked by IBD in terms of stock performance over the past six months. Governments around the world are subsidizing solar companies, looking to promote clean energy that helps the environment and reduces their dependence on oil, gas and other energy resources that have seen fast price hikes.
Hardy, who has a buy rating on JA Solar, says investors hope the company will be able to ramp up its manufacturing faster thanks to the M.Setek pact.
This month, JA Solar confirmed that it planned to boost its output by more than 50%, adding four new production lines. The company hasn't yet said anything about its production plans in 2008.
Last month, CIBC Markets analyst Jeff Osborne upgraded the stock to outperformer from sector performer. "We see this announcement (with M.Setek) as putting JA up with Suntech as a leader in China in regards to supply," he wrote in a research note.
He notes they appear to be the only two Chinese solar companies with silicon needs already "in the bag" for 2008.
The supply outlook justifies JA Solar's stock price, says Pavel Molchanov, an analyst with Raymond James. He rates the stock a strong buy. He says the solar industry's outlook calls for 30% annual revenue growth for the time being.
The company is expected to earn $1.06 a share this year, based on the consensus of eight analysts polled by Thomson Financial. That's vs. 37 cents last year and the loss of a penny a share in 2005.
INVESTOR'S BUSINESS DAILY
Posted 7/17/2007
In solar energy, the latter half of the supply and demand equation is the easy part. That's what makes JA Solar's (JASO) new supply pact, plus its close ties to another supplier, big.
JA Solar enjoys a strong relationship with a big supplier of polysilicon, the material used to make solar cells. JA says that company, Jinglong Group, is China's biggest maker of polysilicon. Jinglong's parent, Jinglong BVI, owns the biggest piece of JA Solar. The size of that stake appears to be 32%. And JA Solar's chairman is the president of Jinglong. JA Solar says it gets the polysilicon from Jinglong at 5% below spot market prices.
But then last month, JA Solar inked a pact with M.Setek, a privately held Japanese company, to supply it with polysilicon starting this month. That agreement about doubles the amount of silicon wafers that will be available to JA Solar through 2010.
New supply agreements are huge because the industry is struggling through silicon shortages that may not clear up until '09, analysts say.
"That (deal) brought to light a lot of the differences between them and some other" solar companies, said John Hardy, an analyst with American Technology Research.
The deal also helped propel JA's American Depositary Receipts to an all-time high of 43.87 on July 9. The company went public in the U.S. in early February at $15 a share. It trades near 38. It fell about 6% on Tuesday after Needham & Co. downgraded the stock to hold, based on its recent quick run-up.
Still, the stock's gains exceed such big solar highfliers as solar installer SunPower, (SPWR) which is up 50% since JA's IPO and panel maker Suntech, (STP) up about 15%.
Solar is one of the best stock sectors today. IBD's Energy-Other group, which includes solar companies, ranks No. 7 among 197 industry groups tracked by IBD in terms of stock performance over the past six months. Governments around the world are subsidizing solar companies, looking to promote clean energy that helps the environment and reduces their dependence on oil, gas and other energy resources that have seen fast price hikes.
Hardy, who has a buy rating on JA Solar, says investors hope the company will be able to ramp up its manufacturing faster thanks to the M.Setek pact.
This month, JA Solar confirmed that it planned to boost its output by more than 50%, adding four new production lines. The company hasn't yet said anything about its production plans in 2008.
Last month, CIBC Markets analyst Jeff Osborne upgraded the stock to outperformer from sector performer. "We see this announcement (with M.Setek) as putting JA up with Suntech as a leader in China in regards to supply," he wrote in a research note.
He notes they appear to be the only two Chinese solar companies with silicon needs already "in the bag" for 2008.
The supply outlook justifies JA Solar's stock price, says Pavel Molchanov, an analyst with Raymond James. He rates the stock a strong buy. He says the solar industry's outlook calls for 30% annual revenue growth for the time being.
The company is expected to earn $1.06 a share this year, based on the consensus of eight analysts polled by Thomson Financial. That's vs. 37 cents last year and the loss of a penny a share in 2005.
Tuesday, July 17, 2007
China Henan Xuntianyu Technology produces polysilicon by some physical way
China Henan Xuntianyu Technology produces polysilicon by some physical way, and the first phase project can produce 1000 ton polysilicon per year, and the whole project production capacity is 6000 ton.
It is said that its production cost is just one sixth of its international counterpart, and its electricity consumption and water consumption is just one third and one tenth of Siemens process.
And its polycrystalline silicon has been exported to Germany, Japan and Switzerland.
It is said that its production cost is just one sixth of its international counterpart, and its electricity consumption and water consumption is just one third and one tenth of Siemens process.
And its polycrystalline silicon has been exported to Germany, Japan and Switzerland.
LDK's new 100MW solar polysilicon wafer project got approved
2007-07-16
LDK got approval from Jiangxi government for their new 100MW solar polysilicon wafer project. The total investment for this new project is 763 million RMB.
The LDK's total solar polysilicon wafer production capacity will reach 300 MW including this 100MW. And LDK even plans to increase their production capacity to 400 MW at the end of 2007, and to 1000 MW in 2008.
LDK got approval from Jiangxi government for their new 100MW solar polysilicon wafer project. The total investment for this new project is 763 million RMB.
The LDK's total solar polysilicon wafer production capacity will reach 300 MW including this 100MW. And LDK even plans to increase their production capacity to 400 MW at the end of 2007, and to 1000 MW in 2008.
Saturday, July 14, 2007
Chinese Solar Water Heater Says Bye-bye to Freon
Chinese government's freon free policy requires the companies in China stop producing household appliances with freon from July 1st, 2007, and stop selling, importing and exporting household appliances with freon from September 1st, 2007.
At present there are over 3,000 solar water heater manufacturers in China, and at present only 19 manufacturers have got the environment protection certification. The small manufacturers are facing the technology crisis, if they cannot update their production technoloy to meet the regulation, they have to leave the market.
At present there are over 3,000 solar water heater manufacturers in China, and at present only 19 manufacturers have got the environment protection certification. The small manufacturers are facing the technology crisis, if they cannot update their production technoloy to meet the regulation, they have to leave the market.
Yangzhou Sunleada introduced the first vacuum insulation solar water heater
Yangzhou Sunleada Co., Ltd. produced the first vacuum insulation solar water heater in the world, the new solar water heater adopts the advanced space heat preservation technology to replace the traditional polyurethane foam insulation technology.
Friday, July 13, 2007
China produces 99.9999％ polysilicon with own technology
The Shanghai Institute of Technical Physics of the Chinese Academy of Sciences helped enterprise to commercially produce 99.9999％ polysilicon, and they also successfully produced some 99.999999% polysilicon samples.
Hi-Tech Wealth Announces Approval of Solar Mobile Phone Patents
BEIJING, July 12 /PRNewswire-FirstCall/ -- Hi-Tech Wealth Inc. , a leading consumer sales and marketing company engaged in the development and distribution of proprietary and branded digital mobile devices, today announced that it has received four patents covering the Company's design of its recently launched Solar Mobile Phone. Hi-Tech Wealth launched the Solar Mobile Phone in May 2007.
"Over the past year, we have introduced unique digital mobile devices like the Information Security phone and, most recently, the Solar Mobile Phone. We are so pleased to expand our patent portfolio and protect the innovative features we create and ultimately market to China's niche consumer markets," stated Dr. ZhengYu Zhang, Chief Executive Officer and Chairman of Hi-Tech Wealth.
Today's announcement reflects the following patent awards:
-- Patent No.200620120875.6, which covers the Solar Mobile Phone's built-
in battery;
-- Patent No.200620120876.0, which covers the Solar Mobile Phone's
handheld design;
-- Patent No.200620148418.8, which covers the Solar Mobile Phone's
handheld design;
-- and Patent No.200620148417.3, which covers the Solar Mobile Phone's
handheld design.
Dr. Zhang concluded, "We have several additional patent applications pending and we'll continue to pursue enhancing our patent portfolio to seek protection for our distinctive features and devices."
About Hi-Tech Wealth Inc.
With over two million of the Company's "Shang Wu Tong" branded mobile devices sold in China today, Hi-Tech Wealth Inc. is an integrated, multi- channel consumer sales and marketing company. Hi-Tech Wealth Inc. engages in the development and distribution of proprietary and branded digital mobile devices via direct response TV, internet sales, and through more than 1000 exclusive distributors throughout the PRC. Learn more about Hi-Tech Wealth Inc. at http://www.htwchina.com.
"Over the past year, we have introduced unique digital mobile devices like the Information Security phone and, most recently, the Solar Mobile Phone. We are so pleased to expand our patent portfolio and protect the innovative features we create and ultimately market to China's niche consumer markets," stated Dr. ZhengYu Zhang, Chief Executive Officer and Chairman of Hi-Tech Wealth.
Today's announcement reflects the following patent awards:
-- Patent No.200620120875.6, which covers the Solar Mobile Phone's built-
in battery;
-- Patent No.200620120876.0, which covers the Solar Mobile Phone's
handheld design;
-- Patent No.200620148418.8, which covers the Solar Mobile Phone's
handheld design;
-- and Patent No.200620148417.3, which covers the Solar Mobile Phone's
handheld design.
Dr. Zhang concluded, "We have several additional patent applications pending and we'll continue to pursue enhancing our patent portfolio to seek protection for our distinctive features and devices."
About Hi-Tech Wealth Inc.
With over two million of the Company's "Shang Wu Tong" branded mobile devices sold in China today, Hi-Tech Wealth Inc. is an integrated, multi- channel consumer sales and marketing company. Hi-Tech Wealth Inc. engages in the development and distribution of proprietary and branded digital mobile devices via direct response TV, internet sales, and through more than 1000 exclusive distributors throughout the PRC. Learn more about Hi-Tech Wealth Inc. at http://www.htwchina.com.
Thursday, July 12, 2007
China Sunergy rises on patent announcement
July 12, 2007
The week's solar stock euphoria continued with an announcement today from China Sunergy (NASDAQ: CSUN) that it has received patent approval on a new N-type solar cell.
Shares of China Sunergy are up 5 percent, or $0.64, to $11.80 this morning. The stock had slid the last two weeks from its post-IPO high of almost $14。
The State Intellectual Property Office of The People's Republic Of China ("SIPO") approved a patent for 20 years on the company's new N-cell design.
China Sunergy commericalizes both P and N-type materials, both of them traditionally used in "p-n junction" solar cells, the most common sort of solar cell.
China Sunergy has also submitted a patent application to SIPO for P-type selective emitter cell technology and expects approval in 2009.
''Our strong new product pipeline, which will include P-type selective emitter cells and N-type cells, and the exciting progress in commercializing the former, is giving us confidence that we will be one of the technology leaders in the years ahead. Furthermore, this will also help us address the raw material supply tightness that the industry is experiencing at the moment," said Tingxiu Lu, Chairman and CEO of China Sunergy.
China Sunergy sells solar cell products to Chinese and other module manufacturers and system integrators, who assemble solar cells into solar modules and solar power systems for use in various markets.
It's been a generally great week for Asian and other solar stocks, with customer wins and other positive news driving many in the sector upwards
The week's solar stock euphoria continued with an announcement today from China Sunergy (NASDAQ: CSUN) that it has received patent approval on a new N-type solar cell.
Shares of China Sunergy are up 5 percent, or $0.64, to $11.80 this morning. The stock had slid the last two weeks from its post-IPO high of almost $14。
The State Intellectual Property Office of The People's Republic Of China ("SIPO") approved a patent for 20 years on the company's new N-cell design.
China Sunergy commericalizes both P and N-type materials, both of them traditionally used in "p-n junction" solar cells, the most common sort of solar cell.
China Sunergy has also submitted a patent application to SIPO for P-type selective emitter cell technology and expects approval in 2009.
''Our strong new product pipeline, which will include P-type selective emitter cells and N-type cells, and the exciting progress in commercializing the former, is giving us confidence that we will be one of the technology leaders in the years ahead. Furthermore, this will also help us address the raw material supply tightness that the industry is experiencing at the moment," said Tingxiu Lu, Chairman and CEO of China Sunergy.
China Sunergy sells solar cell products to Chinese and other module manufacturers and system integrators, who assemble solar cells into solar modules and solar power systems for use in various markets.
It's been a generally great week for Asian and other solar stocks, with customer wins and other positive news driving many in the sector upwards
Baoding, China: Yingli Green Energy Wins Spanish Sales Contract
July 2, 2007
Yingli Green Energy, a vertically integrated photovoltaic, or PV, product manufacturer in China, has entered into a sales contract with Control y Montages Industriales CYMI S.A. ("CYMI") to supply 9.55 megawatts of PV modules to CYMI in 2007.
Mr. Liansheng Miao, the chairman and CEO of Yingli Green Energy, commented, "We are very pleased to announce this significant transaction in Spain, which further solidifies our market position and grows our market share in Spain, one of our most important markets, and demonstrates our capability in expanding our reach into the southern European markets as a result of increasing recognition of our brand and product quality. Due to the country's favorable feed-in tariffs and significant exposure to sunshine throughout the year, the PV market in Spain has grown rapidly in recent years. We believe that this will likely continue to provide us with opportunities."
Yingli Green Energy Holding Company Limited, through Baoding Tianwei Yingli New Energy Resources Co., Ltd., its principal operating subsidiary based in China, Yingli Green Energy designs, manufactures and sells PV modules, and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or those that operate on a stand-alone basis. With an annual production capacity of 95 megawatts of polysilicon ingots and wafers, 90 megawatts of PV cells and 100 megawatts of PV modules as of today.
Yingli Green Energy, a vertically integrated photovoltaic, or PV, product manufacturer in China, has entered into a sales contract with Control y Montages Industriales CYMI S.A. ("CYMI") to supply 9.55 megawatts of PV modules to CYMI in 2007.
Mr. Liansheng Miao, the chairman and CEO of Yingli Green Energy, commented, "We are very pleased to announce this significant transaction in Spain, which further solidifies our market position and grows our market share in Spain, one of our most important markets, and demonstrates our capability in expanding our reach into the southern European markets as a result of increasing recognition of our brand and product quality. Due to the country's favorable feed-in tariffs and significant exposure to sunshine throughout the year, the PV market in Spain has grown rapidly in recent years. We believe that this will likely continue to provide us with opportunities."
Yingli Green Energy Holding Company Limited, through Baoding Tianwei Yingli New Energy Resources Co., Ltd., its principal operating subsidiary based in China, Yingli Green Energy designs, manufactures and sells PV modules, and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or those that operate on a stand-alone basis. With an annual production capacity of 95 megawatts of polysilicon ingots and wafers, 90 megawatts of PV cells and 100 megawatts of PV modules as of today.
China Solar Cell Production Output in 2007 will reach 1GW
In 2006 China solar cell production output was 385MW, 15% of the global total ouput. And it is estimated that in 2007 China solar cell production output will reach 1GW, 25% of the global total ouput.
Wednesday, July 11, 2007
Yingli Green Energy Gets Solar Deal
Associated Press 07.10.07, 2:52 PM ET
German chemical company Wacker Chemie AG signed an eight-year supply deal with Yingli Green Energy Holding Co. to provide polysilicon, a material used to build solar cells, the Chinese manufacturer said Tuesday.
Financial terms of the deal were not disclosed.
The Munich, Germany-based company will deliver enough polysilicon to the Chinese solar cell manufacturer to produce 400 megawatts of solar cells starting 2010 through 2018. Solar power technology uses solar cells to convert light from the sun into electricity.
"This new long-term supply agreement, together with two existing long-term supply agreement with Wacker scheduled from 2009 through 2013 and 2017, will greatly support our Phase III expansion project," said Liansheng Miao, chairman and chief executive of Yingli Green Energy, in a statement.
As part of its Phase III project, Yingli Green Energy is seeking to grow all three of its major product lines by 400 megawatts each by 2008, and 600 megawatts each by 2010, a company spokesman said.
Shares of Yingli Green Energy fell 3 cents to $17.93 in midday trading.
German chemical company Wacker Chemie AG signed an eight-year supply deal with Yingli Green Energy Holding Co. to provide polysilicon, a material used to build solar cells, the Chinese manufacturer said Tuesday.
Financial terms of the deal were not disclosed.
The Munich, Germany-based company will deliver enough polysilicon to the Chinese solar cell manufacturer to produce 400 megawatts of solar cells starting 2010 through 2018. Solar power technology uses solar cells to convert light from the sun into electricity.
"This new long-term supply agreement, together with two existing long-term supply agreement with Wacker scheduled from 2009 through 2013 and 2017, will greatly support our Phase III expansion project," said Liansheng Miao, chairman and chief executive of Yingli Green Energy, in a statement.
As part of its Phase III project, Yingli Green Energy is seeking to grow all three of its major product lines by 400 megawatts each by 2008, and 600 megawatts each by 2010, a company spokesman said.
Shares of Yingli Green Energy fell 3 cents to $17.93 in midday trading.
Tuesday, July 10, 2007
Trina Solar Announces Several Solar PV Module Contract Wins in Europe
July 09, 2007: 09:03 AM EST
CHANGZHOU, China, July 9 /Xinhua-PRNewswire-FirstCall/ -- Trina Solar Limited ("Trina Solar" or the "Company"), an integrated manufacturer of solar power products based in Changzhou, China, announced today several contract wins to supply solar photovoltaic (PV) modules with an aggregate output of up to 99MW to key accounts in Europe over the next two to three years. Initial shipments have been made on each of the contracts.
"Our recent contract wins demonstrate our success in targeting large and medium-sized companies, including PV system integrators, distributors and wholesalers," remarked Mr. Arturo Herrero, Trina Solar's Director of Sales & Marketing. "These contract wins are also an important step for Trina Solar to continue gaining brand recognition in some of the most strategic solar PV markets in Europe and positions Trina Solar well to further expand its presence in these important markets."
During the first half of 2007, Trina Solar made significant progress towards consolidating its position in Germany and penetrating the solar PV markets in Spain and Italy. The Company's contract wins during the period include:
-- 6MW contract with Enerpoint in Italy to supply solar modules over the next three years
-- 22MW to 33MW contract with Tecnospot in Italy to supply solar modules over the next three years
-- 20MW contract with Enereco in Italy to supply solar modules over the next three years
-- 40MW contract with IBC Solar in Germany to provide IBC with solar modules over the next two years, extendable to a higher volume
"We are extremely pleased with our progress in the European market in general and with our very strong presence in the fastest growing solar PV module markets in Spain and Italy," said Mr. Jifan Gao, Trina Solar's Chairman and CEO. "Our outlook remains positive, and as we enter the seasonally stronger quarters of the year and continue to expand our geographic footprint into new markets, we anticipate significant growth in revenues as we establish Trina Solar as one of the top global solar products companies."
About Trina Solar Limited
Trina Solar Limited , through its wholly-owned subsidiary Changzhou Trina Solar Energy Co., Ltd., is an integrated solar PV manufacturer based in China. The company began research and development efforts in solar products in 1999 and in 2002 it started the system integration business. The company moved into the assembly of solar modules in 2004 as well as the manufacturing of monocrystalline ingots, wafers and cells in 2005, 2006, and 2007, respectively. The company's solar modules provide reliable and environmentally-friendly electric power for residential, commercial, industrial and other applications worldwide. The company sells its products to customers around the globe, including a number of European countries, such as Germany, Spain and Italy, where government incentives have accelerated the adoption of solar power. For further information, visit the company's website at http://www.trinasolar.com .
CHANGZHOU, China, July 9 /Xinhua-PRNewswire-FirstCall/ -- Trina Solar Limited ("Trina Solar" or the "Company"), an integrated manufacturer of solar power products based in Changzhou, China, announced today several contract wins to supply solar photovoltaic (PV) modules with an aggregate output of up to 99MW to key accounts in Europe over the next two to three years. Initial shipments have been made on each of the contracts.
"Our recent contract wins demonstrate our success in targeting large and medium-sized companies, including PV system integrators, distributors and wholesalers," remarked Mr. Arturo Herrero, Trina Solar's Director of Sales & Marketing. "These contract wins are also an important step for Trina Solar to continue gaining brand recognition in some of the most strategic solar PV markets in Europe and positions Trina Solar well to further expand its presence in these important markets."
During the first half of 2007, Trina Solar made significant progress towards consolidating its position in Germany and penetrating the solar PV markets in Spain and Italy. The Company's contract wins during the period include:
-- 6MW contract with Enerpoint in Italy to supply solar modules over the next three years
-- 22MW to 33MW contract with Tecnospot in Italy to supply solar modules over the next three years
-- 20MW contract with Enereco in Italy to supply solar modules over the next three years
-- 40MW contract with IBC Solar in Germany to provide IBC with solar modules over the next two years, extendable to a higher volume
"We are extremely pleased with our progress in the European market in general and with our very strong presence in the fastest growing solar PV module markets in Spain and Italy," said Mr. Jifan Gao, Trina Solar's Chairman and CEO. "Our outlook remains positive, and as we enter the seasonally stronger quarters of the year and continue to expand our geographic footprint into new markets, we anticipate significant growth in revenues as we establish Trina Solar as one of the top global solar products companies."
About Trina Solar Limited
Trina Solar Limited , through its wholly-owned subsidiary Changzhou Trina Solar Energy Co., Ltd., is an integrated solar PV manufacturer based in China. The company began research and development efforts in solar products in 1999 and in 2002 it started the system integration business. The company moved into the assembly of solar modules in 2004 as well as the manufacturing of monocrystalline ingots, wafers and cells in 2005, 2006, and 2007, respectively. The company's solar modules provide reliable and environmentally-friendly electric power for residential, commercial, industrial and other applications worldwide. The company sells its products to customers around the globe, including a number of European countries, such as Germany, Spain and Italy, where government incentives have accelerated the adoption of solar power. For further information, visit the company's website at http://www.trinasolar.com .
Monday, July 9, 2007
Sichuan Silicon Material Alliance was founded on July 8, 2007
Sichuan Silicon Material Alliance was founded on July 8, 2007. Among the alliance memeber are Sichuan Xinguang Silicon, Ermei Semiconductor, Sichuan Polysilicon, Jiayang New Energy and Kaiyada Photovoltaic.
The alliance plans to invest 18 billion RMB to build facilities to produce 15,000 ton polysilicon, 2,000 ton monosilicon and 200MW solar cell per year.
The alliance plans to invest 18 billion RMB to build facilities to produce 15,000 ton polysilicon, 2,000 ton monosilicon and 200MW solar cell per year.
JA Solar Commences Production on Four New Lines
July 09, 2007: 08:00 AM EST
HEBEI, China, July 9, 2007 (PRIME NEWSWIRE) -- JA Solar Holdings Co., Ltd. ("the Company") (Nasdaq:JASO) today announced that it has commenced production on four additional solar cell production lines. Located on the Company's existing Ningjin, Hebei site, the four new 25 MW per annum lines increase JA Solar's manufacturing capacity from 75 MW to 175 MW per annum.
Samuel Yang, JA Solar's Chief Executive Officer, said, "We were able to bring four new lines online ahead of the original schedule. This is another example of the industry and operation experience our management team boasts, combined with the flexibility and faster decision process typically seen among industry leaders. With 175 MW of solar cell manufacturing per annum we have confidence JA Solar will be able to meet the expected demand levels we are seeing from customers."
About JA Solar Holdings Co., Ltd.
Based in Hebei, China, JA Solar Holdings Co., Ltd. is an emerging and fast-growing manufacturer of high-performance monocrystalline solar cells. The Company sells its products to solar module manufacturers who assemble and integrate its solar cells into modules and systems that convert sunlight into electricity. For more information, please visit www.jasolar.com.
HEBEI, China, July 9, 2007 (PRIME NEWSWIRE) -- JA Solar Holdings Co., Ltd. ("the Company") (Nasdaq:JASO) today announced that it has commenced production on four additional solar cell production lines. Located on the Company's existing Ningjin, Hebei site, the four new 25 MW per annum lines increase JA Solar's manufacturing capacity from 75 MW to 175 MW per annum.
Samuel Yang, JA Solar's Chief Executive Officer, said, "We were able to bring four new lines online ahead of the original schedule. This is another example of the industry and operation experience our management team boasts, combined with the flexibility and faster decision process typically seen among industry leaders. With 175 MW of solar cell manufacturing per annum we have confidence JA Solar will be able to meet the expected demand levels we are seeing from customers."
About JA Solar Holdings Co., Ltd.
Based in Hebei, China, JA Solar Holdings Co., Ltd. is an emerging and fast-growing manufacturer of high-performance monocrystalline solar cells. The Company sells its products to solar module manufacturers who assemble and integrate its solar cells into modules and systems that convert sunlight into electricity. For more information, please visit www.jasolar.com.
Sunday, July 8, 2007
China Gritek will expand its solar cell silicion production
Gritek is one major manufacturer of monosilicon ingot & wafers in China, and Gritek plans to invest 117.09 million RMB to build one 240 ton solar grade monosilicon project.
Saturday, July 7, 2007
3000 ton polysilicon project launched in Mudanjiang, China
One 3000 ton polysilicon project contract was signed on December 29th, 2006, the total investment is 2.5 billion RMB (250 million Euro).
At present the project is still in early phase now.
It is said that Mudanjiang has the best polysilicon production infrastructure in China, all the production needed materials are available near the project in Mudanjiang.
At present the project is still in early phase now.
It is said that Mudanjiang has the best polysilicon production infrastructure in China, all the production needed materials are available near the project in Mudanjiang.
China CHINT will expand its solar cell production capacity to 300MW in 2009
CHINT is the leading player in the Low-voltage electrical and Power Transmission and Distribution industries in China.
CHINT found CHINT Solar in October 2006 in Hangzhou, and the former BP Solar director, Mr. Liyou Yang is the general manager of CHINT Solar. The first thin film solar cell production line in the world was built under the direction of Mr. Liyou Yang.
The first phase solar cell production capacity is 25MW, and the production capacity will reach 100MW in 2008 and reach 300MW in 2009.
CHINT found CHINT Solar in October 2006 in Hangzhou, and the former BP Solar director, Mr. Liyou Yang is the general manager of CHINT Solar. The first thin film solar cell production line in the world was built under the direction of Mr. Liyou Yang.
The first phase solar cell production capacity is 25MW, and the production capacity will reach 100MW in 2008 and reach 300MW in 2009.
Thursday, July 5, 2007
China Sunergy Announces Preliminary Sales and Production Volume Figures for the Second Quarter 2007
Detailed Financial Results for the Second Quarter to be Released August 24th 2007
July 03, 2007: 08:02 AM EST
NANJING, China, July 3 /Xinhua-PRNewswire/ -- China Sunergy Co., Ltd. , a specialized solar cell manufacturer based in Nanjing, China, announced today preliminary sales and production volume figures for the second quarter 2007. These figures are preliminary and have not been subject to any review procedures so may be subject to change once detailed reviewed financial results for the second quarter are disclosed on August 24th, 2007.
During the second quarter of 2007, China Sunergy produced 20.1MW of solar cells which represented a 93% increase on a year-on-year basis and was largely the same as the first quarter of this year. Monocrystalline 125-millimeter cells continued to account for the majority of production and sales at 85% and 88% respectively. The average conversion efficiency rate for this product during the second quarter of 2007 was 15.9%, which was largely the same as the average efficiency rate achieved during the first quarter this year. Based on preliminary information, quarterly shipments (including OEM volumes of 1.1MW for cell sales and 0.4MW for module sales), amounted to approximately 19.0 MW, compared to 9.2MW during the second quarter 2006 and 18.3MW during the first quarter of 2007 on a like for like basis.
China's solar market continued to experience a tight supply of polysilicon during the second quarter. Although the situation has improved from a year ago, the relatively tight supply of polysilicon affected the quality, quantity and delivery of wafers and drove up overall wafer prices in the spot market, resulting in increased pressure on China Sunergy's margins.
Key raw material procurement and sales related developments are as follows:
-- In June 2007, China Sunergy entered into three supply contracts and
framework agreements with LDK Solar Co., Ltd, Konca Solar Cell (Wuxi)
Company Limited and Changzhou Xiandai Communications Optic Fiber Co.,
Ltd for a net supply of a total of approximately 11.9 million and 4.4
million monocrystalline 125-millimeter and multicrystalline 156-
millimeter wafers for the second half of 2007 and 2008 respectively.
The volume for the net supply would translate into approximately 16MW
and 28 MW of solar cell production for the said periods. The pricing
terms are generally subject to negotiation on a quarterly basis and
prepayment ranges from nil to 30% of the contract value; and
-- In the same month, China Sunergy also entered into a 10MW sales
contract with Solarwatt AG, a leading solar module manufacturing
company in Germany, for the second half of 2007 with a total contract
value of approximately EUR21.7 million; To facilitate sales of our
China based module making customers, enhance our profitability and
better understand our end-user market, China Sunergy adopted a new
business model where we purchase a certain quantity of modules from our
module making customers and sell them, on a trading basis, to certain
European based system integrating companies that our Chinese module
making customers do not have access to. On this basis, we sold
approximately 0.4MW of modules that we bought from our China based
module making customers largely to a German based system integrator.
Revised and new contracts with some of China's top wafer manufacturing companies, LDK, Changzhou Xiandai and Konca Solar, demonstrate China Sunergy's continued ability to procure wafer supply contracts and provide comfort that we will be able to achieve higher production and sales volumes during the second half of the year. Through our enhanced procurement efforts, expected higher portion of 156-millimeter wafer supply, and more scalable commercial production of higher efficiency selective emitter cells, China Sunergy targets to produce a total of 55-70MW of solar cells during the second half of the year, which implies an annual production target range of 95-110MW.
Mr. Tingxiu Lu, Chairman and CEO of China Sunergy, commented: ''To address the supply challenges, we continue to work on expanding our existing key supplier relationships and sourcing new suppliers. As a result of the new supply agreements we reached during the second quarter we are now confident that we will be able to secure our wafer supply requirements for the second half of 2007 and 2008.
Our sales strategy continues to focus on diversifying our customer base and increasing sales to European customers. The recent sales agreement with Solarwatt is an example of how we have been able to successfully expand our European sales footprint by establishing significant relationships with customers outside China. As these customer relationships continue to develop we expect European sales to rise to approximately 30% of overall sales for the full-year 2007."
July 03, 2007: 08:02 AM EST
NANJING, China, July 3 /Xinhua-PRNewswire/ -- China Sunergy Co., Ltd. , a specialized solar cell manufacturer based in Nanjing, China, announced today preliminary sales and production volume figures for the second quarter 2007. These figures are preliminary and have not been subject to any review procedures so may be subject to change once detailed reviewed financial results for the second quarter are disclosed on August 24th, 2007.
During the second quarter of 2007, China Sunergy produced 20.1MW of solar cells which represented a 93% increase on a year-on-year basis and was largely the same as the first quarter of this year. Monocrystalline 125-millimeter cells continued to account for the majority of production and sales at 85% and 88% respectively. The average conversion efficiency rate for this product during the second quarter of 2007 was 15.9%, which was largely the same as the average efficiency rate achieved during the first quarter this year. Based on preliminary information, quarterly shipments (including OEM volumes of 1.1MW for cell sales and 0.4MW for module sales), amounted to approximately 19.0 MW, compared to 9.2MW during the second quarter 2006 and 18.3MW during the first quarter of 2007 on a like for like basis.
China's solar market continued to experience a tight supply of polysilicon during the second quarter. Although the situation has improved from a year ago, the relatively tight supply of polysilicon affected the quality, quantity and delivery of wafers and drove up overall wafer prices in the spot market, resulting in increased pressure on China Sunergy's margins.
Key raw material procurement and sales related developments are as follows:
-- In June 2007, China Sunergy entered into three supply contracts and
framework agreements with LDK Solar Co., Ltd, Konca Solar Cell (Wuxi)
Company Limited and Changzhou Xiandai Communications Optic Fiber Co.,
Ltd for a net supply of a total of approximately 11.9 million and 4.4
million monocrystalline 125-millimeter and multicrystalline 156-
millimeter wafers for the second half of 2007 and 2008 respectively.
The volume for the net supply would translate into approximately 16MW
and 28 MW of solar cell production for the said periods. The pricing
terms are generally subject to negotiation on a quarterly basis and
prepayment ranges from nil to 30% of the contract value; and
-- In the same month, China Sunergy also entered into a 10MW sales
contract with Solarwatt AG, a leading solar module manufacturing
company in Germany, for the second half of 2007 with a total contract
value of approximately EUR21.7 million; To facilitate sales of our
China based module making customers, enhance our profitability and
better understand our end-user market, China Sunergy adopted a new
business model where we purchase a certain quantity of modules from our
module making customers and sell them, on a trading basis, to certain
European based system integrating companies that our Chinese module
making customers do not have access to. On this basis, we sold
approximately 0.4MW of modules that we bought from our China based
module making customers largely to a German based system integrator.
Revised and new contracts with some of China's top wafer manufacturing companies, LDK, Changzhou Xiandai and Konca Solar, demonstrate China Sunergy's continued ability to procure wafer supply contracts and provide comfort that we will be able to achieve higher production and sales volumes during the second half of the year. Through our enhanced procurement efforts, expected higher portion of 156-millimeter wafer supply, and more scalable commercial production of higher efficiency selective emitter cells, China Sunergy targets to produce a total of 55-70MW of solar cells during the second half of the year, which implies an annual production target range of 95-110MW.
Mr. Tingxiu Lu, Chairman and CEO of China Sunergy, commented: ''To address the supply challenges, we continue to work on expanding our existing key supplier relationships and sourcing new suppliers. As a result of the new supply agreements we reached during the second quarter we are now confident that we will be able to secure our wafer supply requirements for the second half of 2007 and 2008.
Our sales strategy continues to focus on diversifying our customer base and increasing sales to European customers. The recent sales agreement with Solarwatt is an example of how we have been able to successfully expand our European sales footprint by establishing significant relationships with customers outside China. As these customer relationships continue to develop we expect European sales to rise to approximately 30% of overall sales for the full-year 2007."
Solar cell group raises £30m
03/07/2007
AIM dealings start on Friday in Jetion Holdings, a Chinese maker of performance solar cells and modules, after it raised £30.5 million.
Dipesh Shah, former boss of BP Solar International, is chairman and Lijin Gai, ex-director of New York-listed Suntech Power Holdings, is chief executive officer of Jetion. The company supplies solar cells and components, and Photovoltaic energy systems to industrial users from its base in China's Jiangsu province, two hours from Shanghai. Broker Collins Stewart is nominated adviser to Jetion, whose directors have sold nearly five million shares into the float, which values the company at £112 million.
Jetion's turnover exceeded £22.7 million last year and it is now making money. The company said it will use the float proceeds to boost annual production capacity to 100 megawatts.
AIM dealings start on Friday in Jetion Holdings, a Chinese maker of performance solar cells and modules, after it raised £30.5 million.
Dipesh Shah, former boss of BP Solar International, is chairman and Lijin Gai, ex-director of New York-listed Suntech Power Holdings, is chief executive officer of Jetion. The company supplies solar cells and components, and Photovoltaic energy systems to industrial users from its base in China's Jiangsu province, two hours from Shanghai. Broker Collins Stewart is nominated adviser to Jetion, whose directors have sold nearly five million shares into the float, which values the company at £112 million.
Jetion's turnover exceeded £22.7 million last year and it is now making money. The company said it will use the float proceeds to boost annual production capacity to 100 megawatts.
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