Yunnan Dali local government signed the amorphous silicon thin film solar cell project investment agreement with Yuanchang Group on September 25th.
The total investment of the project is USD 500 million. The production capacity of the first phase project is 40MW, and the annual sales income from the first phase project will be about USD 80 million. And the annual sales income from the whole project will be about USD 240 million.
Sunday, September 30, 2007
Saturday, September 29, 2007
Yingli Green Energy Contributes Additional Capital to Its Joint Venture
BAODING, China--(BUSINESS WIRE)--Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading vertically integrated photovoltaic ("PV") product manufacturer in China, today announced that it further amended the joint venture contract (the "Amendment") with Baoding Tianwei Baobian Electric Co., Ltd. ("Tianwei Baobian") under which Yingli Green Energy will contribute additional capital of RMB1,750,840,000 billion (equivalent of US$236.6 million at the exchange rate of RMB7.40 to US$1.00, as previously agreed upon by the Company and Tianwei Baobian) to its principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co., Ltd. ("Tianwei Yingli").
As a result of the Amendment and Ying Green Energy's additional capital contribution upon approval of the relevant PRC governmental authorities:
1. The registered capital of Tianwei Yingli will increase from RMB1,624,380,000 to RMB3,375,220,000;
2. Yingli Green Energy's equity interest in Tianwei Yingli will increase from 70.11% to 74.01%; and
3. The equity interest of Tianwei Baobian in Tianwei Yingli will correspondingly decrease from 29.89% to 25.99%.
As an intermediary step in anticipation of this additional capital contribution, the Company had advanced part of the proceeds it received from its initial public offering completed in June 2007, in an aggregate amount of US$230.0 million, into Tianwei Yingli in the form of shareholder loans, which will be converted into part of the additional capital contribution contemplated under the Amendment as described above. The balance of the additional capital contribution will be made by the Company within 60 days of approval by the relevant PRC governmental authorities.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited ("Yingli Green Energy") is one of the leading vertically integrated photovoltaic ("PV") product manufacturers in China. Through the Company's principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co., Ltd., 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 200 MW of total annual production capacity in each of polysilicon ingots and wafers, PV cells and PV modules, Yingli Green Energy is currently one of the largest manufacturers of PV products in China. Additionally, Yingli Green Energy is one of the limited number of large-scale PV companies in China to have adopted vertical integration as its business model. Yingli Green Energy currently plans to gradually expand annual production capacity of polysilicon ingots and wafers, PV cells and PV modules to 400 MW by the end of 2008 and to 600 megawatts by 2010. Yingli Green Energy sells PV modules under its own brand name, Yingli Solar, to PV system integrators and distributors located in various markets around the world, including Germany, Spain, China and the United States.
As a result of the Amendment and Ying Green Energy's additional capital contribution upon approval of the relevant PRC governmental authorities:
1. The registered capital of Tianwei Yingli will increase from RMB1,624,380,000 to RMB3,375,220,000;
2. Yingli Green Energy's equity interest in Tianwei Yingli will increase from 70.11% to 74.01%; and
3. The equity interest of Tianwei Baobian in Tianwei Yingli will correspondingly decrease from 29.89% to 25.99%.
As an intermediary step in anticipation of this additional capital contribution, the Company had advanced part of the proceeds it received from its initial public offering completed in June 2007, in an aggregate amount of US$230.0 million, into Tianwei Yingli in the form of shareholder loans, which will be converted into part of the additional capital contribution contemplated under the Amendment as described above. The balance of the additional capital contribution will be made by the Company within 60 days of approval by the relevant PRC governmental authorities.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited ("Yingli Green Energy") is one of the leading vertically integrated photovoltaic ("PV") product manufacturers in China. Through the Company's principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co., Ltd., 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 200 MW of total annual production capacity in each of polysilicon ingots and wafers, PV cells and PV modules, Yingli Green Energy is currently one of the largest manufacturers of PV products in China. Additionally, Yingli Green Energy is one of the limited number of large-scale PV companies in China to have adopted vertical integration as its business model. Yingli Green Energy currently plans to gradually expand annual production capacity of polysilicon ingots and wafers, PV cells and PV modules to 400 MW by the end of 2008 and to 600 megawatts by 2010. Yingli Green Energy sells PV modules under its own brand name, Yingli Solar, to PV system integrators and distributors located in various markets around the world, including Germany, Spain, China and the United States.
Trina Solar, EniPower enter solar supply agreement
Filed from Houston 9/28/2007 10:10:06 PM GMT
CHINA/ITALY: China-based Trina Solar Ltd. and EniPower, a subsidiary of Italy-based Eni, have entered into an agreement under which Trina Solar will supply EniPower with high quality photovoltaic (PV) modules. Trina Solar said the agreement is an important milestone for the company as its continues to strengthen its brand in Italy's growing PV market.
The agreement is the result of a letter of intent signed in April of this year to establish a long-term business relationship. A 1 MW contract has been already signed with an option of an additional 5 MW for the rest of the contract period.
Trina Solar said recent regulations to promote solar PV installations in Italy make the country one of the most attractive markets in the solar PV industry today.
CHINA/ITALY: China-based Trina Solar Ltd. and EniPower, a subsidiary of Italy-based Eni, have entered into an agreement under which Trina Solar will supply EniPower with high quality photovoltaic (PV) modules. Trina Solar said the agreement is an important milestone for the company as its continues to strengthen its brand in Italy's growing PV market.
The agreement is the result of a letter of intent signed in April of this year to establish a long-term business relationship. A 1 MW contract has been already signed with an option of an additional 5 MW for the rest of the contract period.
Trina Solar said recent regulations to promote solar PV installations in Italy make the country one of the most attractive markets in the solar PV industry today.
Friday, September 28, 2007
Solar EnerTech Appoints New Directors
Sep 27, 2007 09:00 ET
MENLO PARK, CA--(Marketwire - September 27, 2007) - Solar EnerTech Corp. (OTCBB: SOEN) (the "Company") is pleased to announce that Mr. Donald Morgan and Mr. Kevin Koy have been appointed as directors of the Company.
Mr. Morgan has served as a senior financial executive for over 20 years. He had worked with US and international companies ranging from small cap to Fortune 500. Mr. Morgan was most recently CFO of RAE Systems Inc. Mr. Morgan had also been CFO of Larscom Incorporated and Inrange Technologies Corporation. He began his career at Unisys Corporation. Morgan holds a B.S. degree in Business Administration from Northeastern University and an M.S. degree in Finance from the University of Illinois.
Mr. Koy has over 20 years experience in business management and development. He is currently managing Old World Homes, LLC, an innovative construction firm he co-founded in 2004. Prior to that, he was the Director of Corporation Development, Business School, University of Chicago. This position was supported by his entrepreneurial background and experience which includes positions as CEO of Northfield Consulting Group; CEO of Dauphin Technologies, Inc., the first hand-held computer company; CEO of VictorMaxx technologies, Inc., a virtual reality computing company, and Market Logic Group Ltd. Mr. Koy holds a BA degree from Grinnell College in Grinnell, Iowa.
"I am very pleased to have Mr. Morgan and Mr. Koy join our board," said Mr. Leo S. Young, President and Chairman of the board of Solar Enertech. "The Company is at a critical juncture. We started shipments in the second calendar quarter and we are now executing our plan to grow the Company. It is critical to bring on board directors with Mr. Morgan and Mr. Koy's caliber to guide the Company through our execution plan."
About Solar EnerTech Corp.
Solar EnerTech is a photovoltaic ("PV") solar energy cell manufacturing enterprise based in Shanghai, China, where the Company has established a sophisticated 42,000-square foot manufacturing plant in Shanghai's Jinqiao Modern Technology Park. Currently, the facility is capable of producing 25Mw of solar cells from its existing production line and another 25Mw from its first expansion lines. Solar EnerTech has also established a Joint R&D Lab at Shanghai University to research and develop higher efficiency cells and to put the results of that research to use immediately in its manufacturing processes. Led by one of the industry's top scientists, the Company expects its R&D program to help bring Solar EnerTech to the forefront of advanced solar technology research and production. The Company has also established a marketing, purchasing and distribution arm in Northern California's Silicon Valley.
MENLO PARK, CA--(Marketwire - September 27, 2007) - Solar EnerTech Corp. (OTCBB: SOEN) (the "Company") is pleased to announce that Mr. Donald Morgan and Mr. Kevin Koy have been appointed as directors of the Company.
Mr. Morgan has served as a senior financial executive for over 20 years. He had worked with US and international companies ranging from small cap to Fortune 500. Mr. Morgan was most recently CFO of RAE Systems Inc. Mr. Morgan had also been CFO of Larscom Incorporated and Inrange Technologies Corporation. He began his career at Unisys Corporation. Morgan holds a B.S. degree in Business Administration from Northeastern University and an M.S. degree in Finance from the University of Illinois.
Mr. Koy has over 20 years experience in business management and development. He is currently managing Old World Homes, LLC, an innovative construction firm he co-founded in 2004. Prior to that, he was the Director of Corporation Development, Business School, University of Chicago. This position was supported by his entrepreneurial background and experience which includes positions as CEO of Northfield Consulting Group; CEO of Dauphin Technologies, Inc., the first hand-held computer company; CEO of VictorMaxx technologies, Inc., a virtual reality computing company, and Market Logic Group Ltd. Mr. Koy holds a BA degree from Grinnell College in Grinnell, Iowa.
"I am very pleased to have Mr. Morgan and Mr. Koy join our board," said Mr. Leo S. Young, President and Chairman of the board of Solar Enertech. "The Company is at a critical juncture. We started shipments in the second calendar quarter and we are now executing our plan to grow the Company. It is critical to bring on board directors with Mr. Morgan and Mr. Koy's caliber to guide the Company through our execution plan."
About Solar EnerTech Corp.
Solar EnerTech is a photovoltaic ("PV") solar energy cell manufacturing enterprise based in Shanghai, China, where the Company has established a sophisticated 42,000-square foot manufacturing plant in Shanghai's Jinqiao Modern Technology Park. Currently, the facility is capable of producing 25Mw of solar cells from its existing production line and another 25Mw from its first expansion lines. Solar EnerTech has also established a Joint R&D Lab at Shanghai University to research and develop higher efficiency cells and to put the results of that research to use immediately in its manufacturing processes. Led by one of the industry's top scientists, the Company expects its R&D program to help bring Solar EnerTech to the forefront of advanced solar technology research and production. The Company has also established a marketing, purchasing and distribution arm in Northern California's Silicon Valley.
Suntech Power Completes 500kW Solar System At San Francisco International Airport
Thursday, September 27, 2007; Posted: 01:39 PM
(RTTNews) - Suntech Power Holdings Co. Ltd. (STP), a manufacturer of photovoltaic or PV cells and modules, on Thursday said it has completed a 500kW solar system at the San Francisco International Airport's new Terminal 3.
Around 3 thousand Suntech solar modules were installed by San Francisco-based BASS Electric.
According to BASS Electric, the Terminal 3 solar energy system is estimated to generate an annual energy saving of 669 thousand kilowatt hours and save about 7,200 tons of Carbon Dioxide over a 30 year period.
STP is currently trading at $40.98, down 86 cents or 2.06%.
(RTTNews) - Suntech Power Holdings Co. Ltd. (STP), a manufacturer of photovoltaic or PV cells and modules, on Thursday said it has completed a 500kW solar system at the San Francisco International Airport's new Terminal 3.
Around 3 thousand Suntech solar modules were installed by San Francisco-based BASS Electric.
According to BASS Electric, the Terminal 3 solar energy system is estimated to generate an annual energy saving of 669 thousand kilowatt hours and save about 7,200 tons of Carbon Dioxide over a 30 year period.
STP is currently trading at $40.98, down 86 cents or 2.06%.
Thursday, September 27, 2007
China supplies 80% of solar water heaters worldwide
Source: CCTV.com
09-26-2007 13:17
China's solar water heater industry supplies 80 percent of the world's market.
China is home to 80 per cent of the world's solar heated water, producing around 80 million cubic metres of solar hot water a year.
Huang Ming is the head of one of the largest businesses, supplying 15 per cent of China's solar hot water units and he plans to expand.
Huang Ming, President of Huang Ming Solar Energy Group said "The model China uses to popularise solar energy is not only suitable for developing countries but also for developed countries. Even without much support or subsidiary from the government, China's solar energy industry has flourished and now amounts for over 70 per cent of the world's industry."
China is now the world's second largest investor into renewable energy.
The growing interest and investment in green energy makes it a lucrative enterprise for Chinese entrepreneurs.
Dr. Eric Martinot of the BP Institute believes that it won't be long before one of these entrepreneurs brings these low cost units onto international market.
Eric said "They haven't really started yet, their domestic market is so large that it is really not necessary. But at some point, someone here, maybe one of the larger firms is going to recognise the profit potential for export and at that point European manufacturers, U.S. manufacturers will certainly have to start worrying."
In China, solar heated water is a bargain. A unit costs roughly 530 U.S. dollars, the cost of 4 years heating bills. After that the household enjoys free hot water.
Editor:Xiong Qu
09-26-2007 13:17
China's solar water heater industry supplies 80 percent of the world's market.
China is home to 80 per cent of the world's solar heated water, producing around 80 million cubic metres of solar hot water a year.
Huang Ming is the head of one of the largest businesses, supplying 15 per cent of China's solar hot water units and he plans to expand.
Huang Ming, President of Huang Ming Solar Energy Group said "The model China uses to popularise solar energy is not only suitable for developing countries but also for developed countries. Even without much support or subsidiary from the government, China's solar energy industry has flourished and now amounts for over 70 per cent of the world's industry."
China is now the world's second largest investor into renewable energy.
The growing interest and investment in green energy makes it a lucrative enterprise for Chinese entrepreneurs.
Dr. Eric Martinot of the BP Institute believes that it won't be long before one of these entrepreneurs brings these low cost units onto international market.
Eric said "They haven't really started yet, their domestic market is so large that it is really not necessary. But at some point, someone here, maybe one of the larger firms is going to recognise the profit potential for export and at that point European manufacturers, U.S. manufacturers will certainly have to start worrying."
In China, solar heated water is a bargain. A unit costs roughly 530 U.S. dollars, the cost of 4 years heating bills. After that the household enjoys free hot water.
Editor:Xiong Qu
LDK Solar Signs Wafers Supply Agreement With Mosel Vitelic, Inc.
September 27, 2007: 03:15 AM EST
SUNNYVALE, Calif. and XINYU CITY, China, Sept. 27 /PRNewswire-FirstCall/ -- LDK Solar Co., Ltd. , a leading manufacturer of multicrystalline solar wafers, announced today that it has signed a five-year contract to supply multicrystalline solar wafers to Taiwan-based Mosel Vitelic, Inc.
Under the terms of the agreement, pricing and quantity is fixed for the first three years. During this period, LDK Solar will deliver multicrystalline solar wafers to Mosel Vitelic valued at approximately US$190 million with delivery commencing in 2008.
"We are excited to have the opportunity to expand our relationship with Mosel Vitelic, Inc.," stated Xiaofeng Peng, Chairman and CEO of LDK Solar. "Mosel has excellent engineering and manufacturing capabilities and we are pleased to support their growth plans."
"We are delighted to secure supply of high-quality silicon wafers from LDK Solar," stated Rebecca Tang, President of Mosel Vitelic, Inc. "We look forward to enhancing our relationship with LDK as we grow our solar business globally."
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 Mosel Vitelic, Inc.
With years of experience in semiconductor IC design and process technology development, Mosel Vitelic entered the solar cell business in 2006. Mosel Vitelic delivers solar cell products for the world-wide markets through a solid foundation in research, development, manufacturing, and marketing. Mosel Vitelic also provides RF ID system products and IC wafer foundry service, specializing in power and high voltage devices. Mosel Vitelic business operations serve numerous markets including consumer, industrial, and solar power. Mosel Vitelic headquarters are in Hsinchu Science Based Industrial Park, Taiwan with a subsidiary in the United States. Mosel Vitelic has been listed in Taiwan Stock Exchange since 1995.
SUNNYVALE, Calif. and XINYU CITY, China, Sept. 27 /PRNewswire-FirstCall/ -- LDK Solar Co., Ltd. , a leading manufacturer of multicrystalline solar wafers, announced today that it has signed a five-year contract to supply multicrystalline solar wafers to Taiwan-based Mosel Vitelic, Inc.
Under the terms of the agreement, pricing and quantity is fixed for the first three years. During this period, LDK Solar will deliver multicrystalline solar wafers to Mosel Vitelic valued at approximately US$190 million with delivery commencing in 2008.
"We are excited to have the opportunity to expand our relationship with Mosel Vitelic, Inc.," stated Xiaofeng Peng, Chairman and CEO of LDK Solar. "Mosel has excellent engineering and manufacturing capabilities and we are pleased to support their growth plans."
"We are delighted to secure supply of high-quality silicon wafers from LDK Solar," stated Rebecca Tang, President of Mosel Vitelic, Inc. "We look forward to enhancing our relationship with LDK as we grow our solar business globally."
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 Mosel Vitelic, Inc.
With years of experience in semiconductor IC design and process technology development, Mosel Vitelic entered the solar cell business in 2006. Mosel Vitelic delivers solar cell products for the world-wide markets through a solid foundation in research, development, manufacturing, and marketing. Mosel Vitelic also provides RF ID system products and IC wafer foundry service, specializing in power and high voltage devices. Mosel Vitelic business operations serve numerous markets including consumer, industrial, and solar power. Mosel Vitelic headquarters are in Hsinchu Science Based Industrial Park, Taiwan with a subsidiary in the United States. Mosel Vitelic has been listed in Taiwan Stock Exchange since 1995.
China's solar industry growing too slowly - report
September 27, 2007: 02:19 AM EST
Sep. 27, 2007 (Thomson Financial delivered by Newstex) -- BEIJING (XFN-ASIA) - China is failing to take full advantage of its solar power (OTCBB:SOPW) potential, and the rate of capacity growth is still too slow, according to an industry report.
Although the government aims to lift total solar power capacity to 10,000 megawatts by the end of 2030, the figure had not yet reached 100 MW by the end of last year, according to the report, published by Greenpeace, the World Wildlife Federation and the China Association for the Comprehensive Utilization of Resources, and cited in the official People's Daily.
The pace of growth is also extremely slow, with only about 10-15 MW of additional capacity created over the whole of last year.
Most of the raw materials for the solar power industry are imported, while about 90 pct of the finished panels are sold abroad, the report said, and China still has not developed its own silicon supplies to support the industry.
Kong Li, the vice-secretary of the China Academy of Renewable Energy, told The People's Daily that the cost of producing photovoltaic panels is still too high, and popular awareness of the advantages of renewable energy is insufficient.
The government is only paying lip service to the development of the industry, he said.
At the beginning of this month, the government released its medium- to long-term development plan for China's renewable energy industry, and said that the country's total solar generation capacity would reach 1,800 MW by 2020.
The government also aims to lift the proportion of renewable energy in its total consumption to 15 pct by 2020.
david.stanway@xinhuafinance.com
Sep. 27, 2007 (Thomson Financial delivered by Newstex) -- BEIJING (XFN-ASIA) - China is failing to take full advantage of its solar power (OTCBB:SOPW) potential, and the rate of capacity growth is still too slow, according to an industry report.
Although the government aims to lift total solar power capacity to 10,000 megawatts by the end of 2030, the figure had not yet reached 100 MW by the end of last year, according to the report, published by Greenpeace, the World Wildlife Federation and the China Association for the Comprehensive Utilization of Resources, and cited in the official People's Daily.
The pace of growth is also extremely slow, with only about 10-15 MW of additional capacity created over the whole of last year.
Most of the raw materials for the solar power industry are imported, while about 90 pct of the finished panels are sold abroad, the report said, and China still has not developed its own silicon supplies to support the industry.
Kong Li, the vice-secretary of the China Academy of Renewable Energy, told The People's Daily that the cost of producing photovoltaic panels is still too high, and popular awareness of the advantages of renewable energy is insufficient.
The government is only paying lip service to the development of the industry, he said.
At the beginning of this month, the government released its medium- to long-term development plan for China's renewable energy industry, and said that the country's total solar generation capacity would reach 1,800 MW by 2020.
The government also aims to lift the proportion of renewable energy in its total consumption to 15 pct by 2020.
david.stanway@xinhuafinance.com
Wednesday, September 26, 2007
Dalu Group Invests in Polysilicon Project
September 26 Dalu Group held its polysilicon project ground breaking ceremony in Hohehot, Inner Mongolia.
Dalu Group has the plan to build the complete solar product line. The polysilicon project is just their first step.
The total polysilicon production capacity is 18,000 ton, and the first phase project is 3,000 ton, and the second phase project is 5,000 ton and the third phase project is 10,000 ton. The first phase project will be completed in 2009, and the whole project will be completed in about 5 years.
Dalu Group has the plan to build the complete solar product line. The polysilicon project is just their first step.
The total polysilicon production capacity is 18,000 ton, and the first phase project is 3,000 ton, and the second phase project is 5,000 ton and the third phase project is 10,000 ton. The first phase project will be completed in 2009, and the whole project will be completed in about 5 years.
Tuesday, September 25, 2007
Suntech Launches High Output Solar Modules for the U.S. Solar Market
Suntech Launches the Most Powerful 72 Cell Solar Module in the U.S. Market
September 25, 2007: 08:15 AM EST
WUXI, China and LONG BEACH, Calif., Sept. 25 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. , one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced the introduction and availability of the STPVb-1 and STPUb-1 range of high output solar modules targeting grid connected applications in North America. These products will be on display from September 25 to September 27 at the Solar Power 2007 Conference and Expo being held in Long Beach, CA and are available for sale for delivery in 2008.
With the introduction of the STPVb-1 modules, Suntech is offering the most powerful standard 72 solar cell module available in the U.S. market. Using six-inch solar cells, these new modules produce between 260 and 280 watts of solar power and are designed for use in large commercial roof and ground mounted applications.
"With a few hundred thousand of the STPVb modules already installed and operating in large projects throughout Spain and Germany, we have already proven the value and reliability of this new product. Our STPVb modules were introduced to the United States market as part of the largest solar power plant installed there to date at the 8.22MW Alamosa, Colorado project. These modules offer a very tight power tolerance, and their size and power result in reduced panel installation and balance of system costs, one of the most important factors in a successful project and demonstrate Suntech's leadership position in achieving grid parity for its PV modules," said Roger Efird, President of Suntech America, Inc.
Suntech's STPUb-1 modules are rated 190 to 210 watts and are approximately 1.5 meters long and 1 meter wide. The smaller solar modules are suitable for large residential installations, as well as commercial projects that require an appropriate compromise between physical size and its power.
"Designers tell us that some applications require a module that is small enough to be easily handled, yet powerful enough to still provide installation cost savings when compared to smaller modules. The STPUb-1 module is our direct response to this U.S. market need," Mr. Efird added.
For additional information, visit the Suntech exhibit booth in Hall B, Booth 364 at the Long Beach Convention and Entertainment Center.
About Suntech
Suntech Power Holdings Co., Ltd. is a leading solar energy company in the world as measured by both production output and capacity of solar cells and modules. Suntech provides solar solutions for a green future. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly PV cells and modules for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech's majority-owned subsidiary, MSK Corporation is one of the top-ranked companies in the building-integrated photovoltaics (BIPV) space. Suntech's customers are located in various markets worldwide, including key markets throughout Europe, North America, Japan and China. For more information, please visit http://www.suntech-power.com .
Suntech America, Inc. is a wholly-owned subsidiary of Suntech Power Holdings Co., Ltd with responsibility for the distribution of Suntech products in the Americas. For more information about Suntech America's product offerings, please visit Suntech's booth at the Solar Power 2007 Conference and Expo in Hall B, Booth 364 at the Long Beach Convention and Entertainment Center or contact Roger Efird, tel: +1 (301) 774-3430, or email: sales@suntechamerica.com.
September 25, 2007: 08:15 AM EST
WUXI, China and LONG BEACH, Calif., Sept. 25 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. , one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced the introduction and availability of the STPVb-1 and STPUb-1 range of high output solar modules targeting grid connected applications in North America. These products will be on display from September 25 to September 27 at the Solar Power 2007 Conference and Expo being held in Long Beach, CA and are available for sale for delivery in 2008.
With the introduction of the STPVb-1 modules, Suntech is offering the most powerful standard 72 solar cell module available in the U.S. market. Using six-inch solar cells, these new modules produce between 260 and 280 watts of solar power and are designed for use in large commercial roof and ground mounted applications.
"With a few hundred thousand of the STPVb modules already installed and operating in large projects throughout Spain and Germany, we have already proven the value and reliability of this new product. Our STPVb modules were introduced to the United States market as part of the largest solar power plant installed there to date at the 8.22MW Alamosa, Colorado project. These modules offer a very tight power tolerance, and their size and power result in reduced panel installation and balance of system costs, one of the most important factors in a successful project and demonstrate Suntech's leadership position in achieving grid parity for its PV modules," said Roger Efird, President of Suntech America, Inc.
Suntech's STPUb-1 modules are rated 190 to 210 watts and are approximately 1.5 meters long and 1 meter wide. The smaller solar modules are suitable for large residential installations, as well as commercial projects that require an appropriate compromise between physical size and its power.
"Designers tell us that some applications require a module that is small enough to be easily handled, yet powerful enough to still provide installation cost savings when compared to smaller modules. The STPUb-1 module is our direct response to this U.S. market need," Mr. Efird added.
For additional information, visit the Suntech exhibit booth in Hall B, Booth 364 at the Long Beach Convention and Entertainment Center.
About Suntech
Suntech Power Holdings Co., Ltd. is a leading solar energy company in the world as measured by both production output and capacity of solar cells and modules. Suntech provides solar solutions for a green future. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly PV cells and modules for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech's majority-owned subsidiary, MSK Corporation is one of the top-ranked companies in the building-integrated photovoltaics (BIPV) space. Suntech's customers are located in various markets worldwide, including key markets throughout Europe, North America, Japan and China. For more information, please visit http://www.suntech-power.com .
Suntech America, Inc. is a wholly-owned subsidiary of Suntech Power Holdings Co., Ltd with responsibility for the distribution of Suntech products in the Americas. For more information about Suntech America's product offerings, please visit Suntech's booth at the Solar Power 2007 Conference and Expo in Hall B, Booth 364 at the Long Beach Convention and Entertainment Center or contact Roger Efird, tel: +1 (301) 774-3430, or email: sales@suntechamerica.com.
Suntech Introduces New All Black Solar Module for the U.S. Solar Homes Market
New Module Complements Industry-Leading Portfolio of Building Integrated Solar Products
September 25, 2007: 08:00 AM EST
WUXI, China and LONG BEACH, Calif., Sept. 25 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. , one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced the introduction and availability of a new all black solar module targeting the U.S. market for solar homes. Suntech's new MSK Black Label(TM) product will be unveiled on September 25 at the Solar Power 2007 Conference and Expo being held in Long Beach, CA and will be available for sale for delivery in 2008.
Suntech's MSK Black Label(TM) is a 170 watt solar module designed to be installed on the standard American home. Using dark colored components, the Black Label(TM) will blend into the existing roof and provide the high level of aesthetics that the typical U.S. homeowner expects.
"For the first time, U.S. homeowners will have the opportunity to purchase a powerful, aesthetically pleasing solution without paying a significant premium. Competitively, this is what sets our Black Label(TM) module apart from other offerings in the U.S. solar homes market," commented Len May, Suntech America's VP of Business Development for MSK BIPV Products.
"We are committed to being a long-term player in the PV market in North America, and this new product launch represents a strong step forward in Suntech's penetration of the rapidly growing U.S. solar homes market," said Dr. Zhengrong Shi, Suntech's Chairman and CEO. "Our Black Label(TM) module supplements our large and growing portfolio of high-efficiency solar modules with excellent build quality and proven performance in the field."
The Black Label(TM) module complements Suntech's industry leading range of MSK building integrated photovoltaic (BIPV) products that are designed for the residential and commercial building markets. With over 4,000 installations worldwide, Suntech's MSK Just Roof is a roof integrated PV system designed to form a complete roof, replacing tiles or other roof coverings. Based on amorphous silicon photovoltaic technology, Suntech's MSK Photovol Glass has a uniform, dark finish, similar to tinted glass, and is ideal for use in curtain walls, skylights, canopies, atria and all other vertical or sloped glazed surfaces. Suntech's MSK Light Thru Glass BIPV Glazing encapsulates cells between two sheets of glass with enough spacing to allow light to pass through. Light Thru is made to order, allowing designers flexibility in specifying the desired size, cell type, and cell spacing.
For additional information, visit the Suntech exhibit booth in Hall B, Booth 364 at the Long Beach Convention and Entertainment Center from September 25-27.
About Suntech
Suntech Power Holdings Co., Ltd. is a leading solar energy company in the world as measured by both production output and capacity of solar cells and modules. Suntech provides solar solutions for a green future. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly PV cells and modules for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech's majority-owned subsidiary, MSK Corporation is one of the top-ranked companies in the building-integrated photovoltaics (BIPV) space. Suntech's customers are located in various markets worldwide, including key markets throughout Europe, North America, Japan and China. For more information, please visit http://www.suntech-power.com .
Suntech America, Inc. is a wholly-owned subsidiary of Suntech Power Holdings Co., Ltd., with responsibility for the distribution of Suntech products in the Americas. For more information about Suntech America's product offerings, please visit Suntech's booth at the Solar Power 2007 Conference and Expo in Hall B, Booth 364 at the Long Beach Convention and Entertainment Center, or contact Len May, tel: +1 (301) 473-4619 or email: sales@suntechamerica.com .
September 25, 2007: 08:00 AM EST
WUXI, China and LONG BEACH, Calif., Sept. 25 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. , one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced the introduction and availability of a new all black solar module targeting the U.S. market for solar homes. Suntech's new MSK Black Label(TM) product will be unveiled on September 25 at the Solar Power 2007 Conference and Expo being held in Long Beach, CA and will be available for sale for delivery in 2008.
Suntech's MSK Black Label(TM) is a 170 watt solar module designed to be installed on the standard American home. Using dark colored components, the Black Label(TM) will blend into the existing roof and provide the high level of aesthetics that the typical U.S. homeowner expects.
"For the first time, U.S. homeowners will have the opportunity to purchase a powerful, aesthetically pleasing solution without paying a significant premium. Competitively, this is what sets our Black Label(TM) module apart from other offerings in the U.S. solar homes market," commented Len May, Suntech America's VP of Business Development for MSK BIPV Products.
"We are committed to being a long-term player in the PV market in North America, and this new product launch represents a strong step forward in Suntech's penetration of the rapidly growing U.S. solar homes market," said Dr. Zhengrong Shi, Suntech's Chairman and CEO. "Our Black Label(TM) module supplements our large and growing portfolio of high-efficiency solar modules with excellent build quality and proven performance in the field."
The Black Label(TM) module complements Suntech's industry leading range of MSK building integrated photovoltaic (BIPV) products that are designed for the residential and commercial building markets. With over 4,000 installations worldwide, Suntech's MSK Just Roof is a roof integrated PV system designed to form a complete roof, replacing tiles or other roof coverings. Based on amorphous silicon photovoltaic technology, Suntech's MSK Photovol Glass has a uniform, dark finish, similar to tinted glass, and is ideal for use in curtain walls, skylights, canopies, atria and all other vertical or sloped glazed surfaces. Suntech's MSK Light Thru Glass BIPV Glazing encapsulates cells between two sheets of glass with enough spacing to allow light to pass through. Light Thru is made to order, allowing designers flexibility in specifying the desired size, cell type, and cell spacing.
For additional information, visit the Suntech exhibit booth in Hall B, Booth 364 at the Long Beach Convention and Entertainment Center from September 25-27.
About Suntech
Suntech Power Holdings Co., Ltd. is a leading solar energy company in the world as measured by both production output and capacity of solar cells and modules. Suntech provides solar solutions for a green future. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly PV cells and modules for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech's majority-owned subsidiary, MSK Corporation is one of the top-ranked companies in the building-integrated photovoltaics (BIPV) space. Suntech's customers are located in various markets worldwide, including key markets throughout Europe, North America, Japan and China. For more information, please visit http://www.suntech-power.com .
Suntech America, Inc. is a wholly-owned subsidiary of Suntech Power Holdings Co., Ltd., with responsibility for the distribution of Suntech products in the Americas. For more information about Suntech America's product offerings, please visit Suntech's booth at the Solar Power 2007 Conference and Expo in Hall B, Booth 364 at the Long Beach Convention and Entertainment Center, or contact Len May, tel: +1 (301) 473-4619 or email: sales@suntechamerica.com .
Canadian Solar Appoints New Directors and Officer
September 25, 2007: 08:00 AM EST
JIANGSU, China, Sept. 25 /Xinhua-PRNewswire/ -- Canadian Solar Inc. ("the Company", or "CSI", or "we") today announced that it has increased the size of its board of directors from five to six and that Michael G. Potter and Yan Zhuang have been appointed directors of the Company. Coincident with their appointment, Arthur Chien has resigned as a director and been appointed to the newly created position of Vice President, Finance of the Company.
Dr. Shawn Qu, Chairman and Chief Executive Officer of CSI, said: "We are very pleased that Michael and Yan have agreed to join our board of directors and expect to benefit immediately from their experience as we continue to expand our global footprint. We are also very pleased that Arthur Chien has agreed to join our management team and assist us in managing the next phase of our growth."
Mr. Potter, 41 years old, has worked in finance, controlling and audit positions with a variety of multinational companies for over 20 years. He is currently Senior Vice President and Chief Financial Officer of NeoPhotonics Corporation, a leading provider of photonic integrated circuit-based modules, components and subsystems for use in optical communications networks with extensive operations in Shenzhen, China. Before joining NeoPhotonics in May 2007, he was Senior Vice President and Chief Financial Officer of STATS ChipPAC, a semiconductor assembly and test services company based in Singapore. Before that, he held a variety of executive positions at Honeywell Inc. Mr. Potter is a Chartered Accountant and holds a Bachelor of Commerce degree from Concordia University, Canada and a Graduate Diploma of Public Accountancy from McGill University, Canada. Mr. Potter will serve as a member of the Audit Committee and the Compensation Committee.
Mr. Zhuang, 44 years old, has worked in corporate branding, sales and marketing positions with, or provided consulting services to, a variety of multinational companies for over 15 years. He is currently Senior Vice President Business Operations and Marketing, Asia Region, of Hands-on Mobile Ltd., a global media and entertainment company with Asian operations in China, Korea and India. Before joining Hands-on Mobile, he held various marketing and business operation positions with Motorola Inc., including as its Asia Pacific Regional Director of Marketing Planning and Consumer Insight. Prior to that, he was a marketing consultant in Canada and China. Mr. Zhuang holds a Bachelor of Electrical Engineering degree from Northern Jiao-Tong University, China, a MSc in Applied Statistics from the University of Alberta, Canada and a MSc in Marketing Management from the University of Guelph, Canada. Mr. Zhuang will serve as a member of the Nominating and Corporate Governance Committee.
Mr. Chien, 46 years old, became a director of CSI in December 2005. Until recently, he was managing director of Beijing Yinke Investment Consulting Co. Ltd., a company which provides financial consulting services and manages its own investment projects. Before joining Beijing Yinke, he was Chief Financial Officer of China Grand Enterprises Inc., a diversified investment holding company based in Beijing, China. Prior to that, he held a variety of finance, investment and management positions with companies in Canada, Belgium and China, including as Chief Financial Officer of the Chinese operations of NV Bekaert SA, a Belgium-based manufacturer of advanced wire products, materials and coatings. Mr. Chien holds a Bachelor of Science degree from the University of Science and Technology of China and a Master of Economics degree from the University of Western Ontario, Canada.
About Canadian Solar Inc.
Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar cell, solar module and custom-designed solar application products serving customers worldwide. 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, Sept. 25 /Xinhua-PRNewswire/ -- Canadian Solar Inc. ("the Company", or "CSI", or "we") today announced that it has increased the size of its board of directors from five to six and that Michael G. Potter and Yan Zhuang have been appointed directors of the Company. Coincident with their appointment, Arthur Chien has resigned as a director and been appointed to the newly created position of Vice President, Finance of the Company.
Dr. Shawn Qu, Chairman and Chief Executive Officer of CSI, said: "We are very pleased that Michael and Yan have agreed to join our board of directors and expect to benefit immediately from their experience as we continue to expand our global footprint. We are also very pleased that Arthur Chien has agreed to join our management team and assist us in managing the next phase of our growth."
Mr. Potter, 41 years old, has worked in finance, controlling and audit positions with a variety of multinational companies for over 20 years. He is currently Senior Vice President and Chief Financial Officer of NeoPhotonics Corporation, a leading provider of photonic integrated circuit-based modules, components and subsystems for use in optical communications networks with extensive operations in Shenzhen, China. Before joining NeoPhotonics in May 2007, he was Senior Vice President and Chief Financial Officer of STATS ChipPAC, a semiconductor assembly and test services company based in Singapore. Before that, he held a variety of executive positions at Honeywell Inc. Mr. Potter is a Chartered Accountant and holds a Bachelor of Commerce degree from Concordia University, Canada and a Graduate Diploma of Public Accountancy from McGill University, Canada. Mr. Potter will serve as a member of the Audit Committee and the Compensation Committee.
Mr. Zhuang, 44 years old, has worked in corporate branding, sales and marketing positions with, or provided consulting services to, a variety of multinational companies for over 15 years. He is currently Senior Vice President Business Operations and Marketing, Asia Region, of Hands-on Mobile Ltd., a global media and entertainment company with Asian operations in China, Korea and India. Before joining Hands-on Mobile, he held various marketing and business operation positions with Motorola Inc., including as its Asia Pacific Regional Director of Marketing Planning and Consumer Insight. Prior to that, he was a marketing consultant in Canada and China. Mr. Zhuang holds a Bachelor of Electrical Engineering degree from Northern Jiao-Tong University, China, a MSc in Applied Statistics from the University of Alberta, Canada and a MSc in Marketing Management from the University of Guelph, Canada. Mr. Zhuang will serve as a member of the Nominating and Corporate Governance Committee.
Mr. Chien, 46 years old, became a director of CSI in December 2005. Until recently, he was managing director of Beijing Yinke Investment Consulting Co. Ltd., a company which provides financial consulting services and manages its own investment projects. Before joining Beijing Yinke, he was Chief Financial Officer of China Grand Enterprises Inc., a diversified investment holding company based in Beijing, China. Prior to that, he held a variety of finance, investment and management positions with companies in Canada, Belgium and China, including as Chief Financial Officer of the Chinese operations of NV Bekaert SA, a Belgium-based manufacturer of advanced wire products, materials and coatings. Mr. Chien holds a Bachelor of Science degree from the University of Science and Technology of China and a Master of Economics degree from the University of Western Ontario, Canada.
About Canadian Solar Inc.
Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar cell, solar module and custom-designed solar application products serving customers worldwide. 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 .
Jetion Maiden H1 net profit up 90 pct; revenue up 149 pct
09.24.07, 5:37 AM ET
LONDON (Thomson Financial) - Solar cell maker Jetion Holdings Ltd said its net profit for the first half nearly doubled as revenues surged 149 pct on robust demand for solar products.
For the first six months to end-June, the company's profit increased 90 pct to 3.6 mln usd and revenue jumped to 38.6 mln usd from 15.5 mln usd.
Jetion said it had raised 27.9 mln usd of net new funds which will be used to further expand its cell manufacturing capacity to 100 MW per annum by the end of 2008.
'Jetion has successfully increased its production capacity, and following the IPO and raising of new funds, the company is on track to double its capacity again by the end of 2008,' chairman Dipesh Shah said in a statement.
LONDON (Thomson Financial) - Solar cell maker Jetion Holdings Ltd said its net profit for the first half nearly doubled as revenues surged 149 pct on robust demand for solar products.
For the first six months to end-June, the company's profit increased 90 pct to 3.6 mln usd and revenue jumped to 38.6 mln usd from 15.5 mln usd.
Jetion said it had raised 27.9 mln usd of net new funds which will be used to further expand its cell manufacturing capacity to 100 MW per annum by the end of 2008.
'Jetion has successfully increased its production capacity, and following the IPO and raising of new funds, the company is on track to double its capacity again by the end of 2008,' chairman Dipesh Shah said in a statement.
Yingli Green Energy Added to NASDAQ Clean Edge U.S. Indexes
BAODING, China--(BUSINESS WIRE)--Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading vertically integrated photovoltaic ("PV") product manufacturer in China, today announced that it will be added to the NASDAQ Clean Edge U.S. Index (Nasdaq: CLEN) and the NASDAQ Clean Edge U.S. Liquid Series Index (Nasdaq: CELS) (the "Indexes"), effective with the market open on Monday, September 24, 2007.
Mr. Bryan Li, Chief Financial Officer of Yingli Green Energy, commented, "As a leading vertically integrated PV manufacturer in China, we have always been dedicated to the promotion of clean and sustainable energy and we are very honored to be added to the NASDAQ Clean Edge U.S. Index and the NASDAQ Clean Edge U.S. Liquid Series Index. We hope the Indexes will help further strengthen the development of the whole alternative energy industry."
According to NASDAQ's press release on semi-annual changes to the NASDAQ Clean Edge U.S. Indexes dated September 17, 2007, the Indexes are designed to track the performance of clean-energy companies that are publicly traded in the U.S. The Indexes include companies engaged in the manufacturing, development, distribution, and installation of emerging clean-energy technologies such as solar photovoltaics, biofuels and advanced batteries. The five major sub-sectors that the Indexes cover are Renewable Electricity Generation, Renewable Fuels, Energy Storage & Conversion, Energy Intelligence and Advanced Energy-Related Materials.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited ("Yingli Green Energy") is one of the leading vertically integrated photovoltaic ("PV") product manufacturers in China. Through the Company's principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co., Ltd., 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 200 MW of total annual production capacity in each of polysilicon ingots and wafers, PV cells and PV modules, Yingli Green Energy is currently one of the largest manufacturers of PV products in China.
Additionally, Yingli Green Energy is one of the limited number of large-scale PV companies in China to have adopted vertical integration as its business model. Yingli Green Energy currently plans to gradually expand annual production capacity of polysilicon ingots and wafers, PV cells and PV modules to 400 MW by the end of 2008 and to 600 megawatts by 2010. Yingli Green Energy sells PV modules under its own brand name, Yingli Solar, to PV system integrators and distributors located in various markets around the world, including Germany, Spain, China and the United States.
Mr. Bryan Li, Chief Financial Officer of Yingli Green Energy, commented, "As a leading vertically integrated PV manufacturer in China, we have always been dedicated to the promotion of clean and sustainable energy and we are very honored to be added to the NASDAQ Clean Edge U.S. Index and the NASDAQ Clean Edge U.S. Liquid Series Index. We hope the Indexes will help further strengthen the development of the whole alternative energy industry."
According to NASDAQ's press release on semi-annual changes to the NASDAQ Clean Edge U.S. Indexes dated September 17, 2007, the Indexes are designed to track the performance of clean-energy companies that are publicly traded in the U.S. The Indexes include companies engaged in the manufacturing, development, distribution, and installation of emerging clean-energy technologies such as solar photovoltaics, biofuels and advanced batteries. The five major sub-sectors that the Indexes cover are Renewable Electricity Generation, Renewable Fuels, Energy Storage & Conversion, Energy Intelligence and Advanced Energy-Related Materials.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited ("Yingli Green Energy") is one of the leading vertically integrated photovoltaic ("PV") product manufacturers in China. Through the Company's principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co., Ltd., 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 200 MW of total annual production capacity in each of polysilicon ingots and wafers, PV cells and PV modules, Yingli Green Energy is currently one of the largest manufacturers of PV products in China.
Additionally, Yingli Green Energy is one of the limited number of large-scale PV companies in China to have adopted vertical integration as its business model. Yingli Green Energy currently plans to gradually expand annual production capacity of polysilicon ingots and wafers, PV cells and PV modules to 400 MW by the end of 2008 and to 600 megawatts by 2010. Yingli Green Energy sells PV modules under its own brand name, Yingli Solar, to PV system integrators and distributors located in various markets around the world, including Germany, Spain, China and the United States.
Canadian Solar to build "Solar Demonstration Park"
Jennifer Schonberger Sep 24, 2007 9:27am EDT
Canadian Solar Inc. (Nasdaq: CSIQ), a manufacturer of solar cell, solar module and custom-designed solar application products, said this morning that it signed an agreement with the government of Suzhou New District to build the "Suzhou Solar Demonstration Park," a project that converts a deserted area into a municipality recreation site featuring a 300KW grid-connected solar power system.
The Chinese company said the park will also serve as a long-term outdoor reliability testing and demonstration ground for CSI modules using various new technologies.
This is one of the first solar power plant projects initiated after China adopted its Renewable Energy Law in January 2006, according to Canadian Solar.
Canadian Solar Inc. (Nasdaq: CSIQ), a manufacturer of solar cell, solar module and custom-designed solar application products, said this morning that it signed an agreement with the government of Suzhou New District to build the "Suzhou Solar Demonstration Park," a project that converts a deserted area into a municipality recreation site featuring a 300KW grid-connected solar power system.
The Chinese company said the park will also serve as a long-term outdoor reliability testing and demonstration ground for CSI modules using various new technologies.
This is one of the first solar power plant projects initiated after China adopted its Renewable Energy Law in January 2006, according to Canadian Solar.
Akeena Solar Partners with Suntech to Manufacture New Solar Panel
Suntech to Deliver 10 to 14 MW of Akeena Solar's New Andalay Solar Panels
September 24, 2007: 04:05 PM EST
LOS GATOS, Calif. and SAN FRANCISCO, Sept. 24 /Xinhua-PRNewswire/ -- Akeena Solar, Inc. , a leading designer and installer of solar power systems, and Suntech Power Holdings Co., Ltd. , one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced that Suntech has signed a letter of intent to manufacture Akeena Solar's Andalay solar panels. Under the terms of the agreement, Suntech will manufacture and deliver 10 to 14 Megawatts of Andalay solar panels to Akeena Solar during 2008.
Andalay is the brand name for Akeena Solar's patent-pending high performance solar panel systems. Unlike ordinary solar panels, Andalay panels feature built-in wiring, built-in grounding and built-in racking so the panels attach directly to the roof offering a smooth, flushed appearance. Andalay is the logical next step in the evolution of solar power technology, combining superior aesthetics with unparalleled reliability.
"Our engineers re-thought the concept of a solar panel so that the panels can be manufactured from the start to simplify installation, improve reliability and look like a glass skylight on the roof," said Barry Cinnamon, CEO of Akeena Solar, Inc. "We are proud to have Suntech as our manufacturing partner. And the improvements are not just in appearance and reliability; with Andalay we expect to reduce rooftop installation time by over 50 percent, requiring 70 percent fewer parts and 25 percent fewer rooftop attachment points."
"We are honored to have the opportunity to partner with Akeena Solar, in the manufacturing of Andalay", said Dr. Zhengrong Shi, Suntech's Chairman and CEO. "Our ability to manufacture an aesthetically pleasing and unique module such as Andalay demonstrates the traction that we have gained by combining the core competence of Suntech's manufacturing skills with our MSK division's building integrated PV (BIPV) design skills. We believe Andalay will clearly deliver an attractive and reliable solution to end-users, while providing system integrators with a solution that can be installed faster and ultimately result in lower install costs than ordinary systems."
Andalay will be introduced at a press conference just prior to the opening reception of Solar Power 2007. Andalay panels are available from Akeena now, and will be available to select solar industry partners in 2008.
Suntech will display its full range of products available in the U.S. at the Solar Power 2007 Conference and Expo being held in Long Beach, CA. For additional information, visit the Suntech exhibit booth in Hall B, Booth 364 at the Long Beach Convention and Entertainment Center.
About Akeena Solar, Inc.
Founded in 2001, Akeena Solar's philosophy is simple: We believe producing clean electricity directly from the sun is the right thing to do for our environment and economy. Akeena Solar has grown to become one of the largest national installer of residential and small commercial solar power systems in the United States, serving customers directly in California, New Jersey, New York, Connecticut and Pennsylvania. For more information, visit Akeena Solar's website at http://www.akeena.net .
About Suntech
Suntech Power Holdings Co., Ltd. is a leading solar energy company in the world as measured by both production output and capacity of solar cells and modules. Suntech provides solar solutions for a green future. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly PV cells and modules for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech's majority-owned subsidiary, MSK Corporation is one of the top-ranked companies in the building-integrated photovoltaics (BIPV) space. Suntech's customers are located in various markets worldwide, including key markets throughout Europe, North America, Japan and China. For more information, please visit http://www.suntech-power.com .
September 24, 2007: 04:05 PM EST
LOS GATOS, Calif. and SAN FRANCISCO, Sept. 24 /Xinhua-PRNewswire/ -- Akeena Solar, Inc. , a leading designer and installer of solar power systems, and Suntech Power Holdings Co., Ltd. , one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced that Suntech has signed a letter of intent to manufacture Akeena Solar's Andalay solar panels. Under the terms of the agreement, Suntech will manufacture and deliver 10 to 14 Megawatts of Andalay solar panels to Akeena Solar during 2008.
Andalay is the brand name for Akeena Solar's patent-pending high performance solar panel systems. Unlike ordinary solar panels, Andalay panels feature built-in wiring, built-in grounding and built-in racking so the panels attach directly to the roof offering a smooth, flushed appearance. Andalay is the logical next step in the evolution of solar power technology, combining superior aesthetics with unparalleled reliability.
"Our engineers re-thought the concept of a solar panel so that the panels can be manufactured from the start to simplify installation, improve reliability and look like a glass skylight on the roof," said Barry Cinnamon, CEO of Akeena Solar, Inc. "We are proud to have Suntech as our manufacturing partner. And the improvements are not just in appearance and reliability; with Andalay we expect to reduce rooftop installation time by over 50 percent, requiring 70 percent fewer parts and 25 percent fewer rooftop attachment points."
"We are honored to have the opportunity to partner with Akeena Solar, in the manufacturing of Andalay", said Dr. Zhengrong Shi, Suntech's Chairman and CEO. "Our ability to manufacture an aesthetically pleasing and unique module such as Andalay demonstrates the traction that we have gained by combining the core competence of Suntech's manufacturing skills with our MSK division's building integrated PV (BIPV) design skills. We believe Andalay will clearly deliver an attractive and reliable solution to end-users, while providing system integrators with a solution that can be installed faster and ultimately result in lower install costs than ordinary systems."
Andalay will be introduced at a press conference just prior to the opening reception of Solar Power 2007. Andalay panels are available from Akeena now, and will be available to select solar industry partners in 2008.
Suntech will display its full range of products available in the U.S. at the Solar Power 2007 Conference and Expo being held in Long Beach, CA. For additional information, visit the Suntech exhibit booth in Hall B, Booth 364 at the Long Beach Convention and Entertainment Center.
About Akeena Solar, Inc.
Founded in 2001, Akeena Solar's philosophy is simple: We believe producing clean electricity directly from the sun is the right thing to do for our environment and economy. Akeena Solar has grown to become one of the largest national installer of residential and small commercial solar power systems in the United States, serving customers directly in California, New Jersey, New York, Connecticut and Pennsylvania. For more information, visit Akeena Solar's website at http://www.akeena.net .
About Suntech
Suntech Power Holdings Co., Ltd. is a leading solar energy company in the world as measured by both production output and capacity of solar cells and modules. Suntech provides solar solutions for a green future. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly PV cells and modules for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech's majority-owned subsidiary, MSK Corporation is one of the top-ranked companies in the building-integrated photovoltaics (BIPV) space. Suntech's customers are located in various markets worldwide, including key markets throughout Europe, North America, Japan and China. For more information, please visit http://www.suntech-power.com .
Monday, September 24, 2007
Polysilicon project broke ground in Xianyang, China
September 23, 2007 Shanxi Tianhong polysilicon project broke ground in Xianyang city.
Shanxi Tianhong is the joint venture of Shanxi Nonferrous Metal Holding Group, Shanxi Yanchang Petroleum Group, Xi'an Lvjing Technology and Shanxi Investment Group.
The polysilicon project investment is 3.7 billion RMB, and the total production capacity will be 3,750 tons. The first phase project is 1,250 ton electronic grade polysilicon, and the project will be completed in 24 months.
Shanxi Tianhong is the joint venture of Shanxi Nonferrous Metal Holding Group, Shanxi Yanchang Petroleum Group, Xi'an Lvjing Technology and Shanxi Investment Group.
The polysilicon project investment is 3.7 billion RMB, and the total production capacity will be 3,750 tons. The first phase project is 1,250 ton electronic grade polysilicon, and the project will be completed in 24 months.
Academy maps out China's strategic energy plan
(Xinhua)Updated: 2007-09-24 14:54
The Chinese Academy of Sciences (CAS) has set out a strategic plan for the development of China's energy industry until 2050.
The plan proposes three steps. The first is to develop energy-saving technology and master techniques in the collection, storage and utilization of carbon dioxide by 2020.
From 2021 to 2030, the focus will be on promoting nuclear energy and other renewable energies so they become main resources and maximizing the efficiency of solar energy.
Over the following 20 years, the academy advocates the reduction of fossil energies (coal, petroleum, natural gas) to less than 60 percent of total energy consumption.
"Drawing up a strategic plan for energy science and technology development is a significant guarantee to build a Chinese energy sustainable development system," said Lu Yongxiang, CAS president."
China should establish a renewable energy system by 2050 with which the amount of energy produced could generally meet the domestic demands of economic development," he added.
Last week, China's Minister of Science and Technology Wan Gang announced plans to establish a batch of international laboratories and research centers to strengthen cooperation in research and energy exploitation between governments and non-governmental organizations around the world.
The Chinese Academy of Sciences (CAS) has set out a strategic plan for the development of China's energy industry until 2050.
The plan proposes three steps. The first is to develop energy-saving technology and master techniques in the collection, storage and utilization of carbon dioxide by 2020.
From 2021 to 2030, the focus will be on promoting nuclear energy and other renewable energies so they become main resources and maximizing the efficiency of solar energy.
Over the following 20 years, the academy advocates the reduction of fossil energies (coal, petroleum, natural gas) to less than 60 percent of total energy consumption.
"Drawing up a strategic plan for energy science and technology development is a significant guarantee to build a Chinese energy sustainable development system," said Lu Yongxiang, CAS president."
China should establish a renewable energy system by 2050 with which the amount of energy produced could generally meet the domestic demands of economic development," he added.
Last week, China's Minister of Science and Technology Wan Gang announced plans to establish a batch of international laboratories and research centers to strengthen cooperation in research and energy exploitation between governments and non-governmental organizations around the world.
LDK Solar Signs Wafer Sales and Equipment Purchase Agreements with Sunways AG
September 24, 2007: 03:15 AM EST
XINYU CITY, China and SUNNYVALE, Calif., Sept. 24 /PRNewswire-FirstCall/ -- LDK Solar Co., Ltd. , a leading manufacturer of multicrystalline solar wafers, announced today that it has signed contracts to supply multicrystalline solar wafers and to purchase polysilicon production equipment from Sunways AG.
Under the terms of the wafer supply contract, LDK Solar will deliver approximately 1 GW of multicrystalline solar wafers to Sunways over a ten-year period starting in 2008. Under the terms of the equipment purchase agreement, LDK Solar will purchase two readily available Siemens technology-based reactors and related plant equipment from Sunways. In addition, Sunways AG will provide support services to LDK Solar during the facility construction and the ramp up of polysilicon production.
"The equipment purchase agreement with Sunways AG further bolsters our confidence in LDK Solar's ability to meet the goal of ramping polysilicon production in 2008," commented Xiaofeng Peng, Chairman and CEO. "We are pleased to continue to build our infrastructure by securing readily available polysilicon reactors from Sunways to serve as an additional training resource for our engineers and operators as we ready our facilities for polysilicon production of our previously announced 15,000 ton polysilicon plant. With this new additional project, we expect to raise our polysilicon capacity to 7,000 tons by the end of 2008 and 16,000 tons by the end of 2009"
"Securing solar wafer supplies is an imperative component to the successful growth of our company," stated Roland Burkhardt, CEO of Sunways. "We are excited to enter this agreement with LDK Solar, a leading supplier of high quality solar wafers."
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 Sunways AG
Sunways AG is one of the leading photovoltaics companies in Germany in terms of technology and quality. Its core competence is the development and production of solutions and products for the generation of electricity from solar energy, such as solar cells, inverters, solar modules and systems. The company has been quoted on the stock exchange since 2001, and since 2003 in the Prime Standard. In the fiscal year 2006, the consolidated sales of Sunways AG rose by 67 percent to 152.3 million Euro. Consolidated EBIT amounted to 1.0 million Euro, consolidated net income to approx. 1.7 million Euro.
XINYU CITY, China and SUNNYVALE, Calif., Sept. 24 /PRNewswire-FirstCall/ -- LDK Solar Co., Ltd. , a leading manufacturer of multicrystalline solar wafers, announced today that it has signed contracts to supply multicrystalline solar wafers and to purchase polysilicon production equipment from Sunways AG.
Under the terms of the wafer supply contract, LDK Solar will deliver approximately 1 GW of multicrystalline solar wafers to Sunways over a ten-year period starting in 2008. Under the terms of the equipment purchase agreement, LDK Solar will purchase two readily available Siemens technology-based reactors and related plant equipment from Sunways. In addition, Sunways AG will provide support services to LDK Solar during the facility construction and the ramp up of polysilicon production.
"The equipment purchase agreement with Sunways AG further bolsters our confidence in LDK Solar's ability to meet the goal of ramping polysilicon production in 2008," commented Xiaofeng Peng, Chairman and CEO. "We are pleased to continue to build our infrastructure by securing readily available polysilicon reactors from Sunways to serve as an additional training resource for our engineers and operators as we ready our facilities for polysilicon production of our previously announced 15,000 ton polysilicon plant. With this new additional project, we expect to raise our polysilicon capacity to 7,000 tons by the end of 2008 and 16,000 tons by the end of 2009"
"Securing solar wafer supplies is an imperative component to the successful growth of our company," stated Roland Burkhardt, CEO of Sunways. "We are excited to enter this agreement with LDK Solar, a leading supplier of high quality solar wafers."
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 Sunways AG
Sunways AG is one of the leading photovoltaics companies in Germany in terms of technology and quality. Its core competence is the development and production of solutions and products for the generation of electricity from solar energy, such as solar cells, inverters, solar modules and systems. The company has been quoted on the stock exchange since 2001, and since 2003 in the Prime Standard. In the fiscal year 2006, the consolidated sales of Sunways AG rose by 67 percent to 152.3 million Euro. Consolidated EBIT amounted to 1.0 million Euro, consolidated net income to approx. 1.7 million Euro.
Sunday, September 23, 2007
Baoding is building the first PV mansion in China
This 26-floor PV mansion is one five star hotel, all the surface area will be covered with the solar glass curtain wall.
Its PV power system may offer enough electricity for the illumination of the mansion, and the PV power system will be grid on.
The installed solar glass curtain wall will reach 27128 square meters, and the power generation capacity is 1.5MW.
This is the first BIPV demonstration project in China
Its PV power system may offer enough electricity for the illumination of the mansion, and the PV power system will be grid on.
The installed solar glass curtain wall will reach 27128 square meters, and the power generation capacity is 1.5MW.
This is the first BIPV demonstration project in China
New PV Cell to Work in Conventional Glass
It is said that recently some scientist in Shanghai are trying to insert the new type PV cell into conventional transparent glass. This new type PV cell will adopt some light sensitive organic material, and the cost is just about one third of the current silicon solar cell. And this new type PV cell is invisible to the users.
Solarfun Provides Mid-Quarter Update on Operations
Solarfun Power Holdings Co., LTD. ("Solarfun") (NASDAQ: SOLF), an established manufacturer of both photovoltaic (PV) cells and modules in China, today announced an update on sales developments, supply agreements, production plans, and progress at the Company's Joint Venture company Yangguang Solar.
SALES
Solarfun secured three large multi-year framework commitments for over 185 MW of photovoltaic modules at the 22nd European Photovoltaic Solar Conference and Exhibition in Milan, Italy in early September. Initial shipments are expected to start as early as October 2007. Each of these customers is large and well-known company in Europe and is expected to significantly strengthen Solarfun's customer base and distribution network globally.
The Company also continued to meet its goal of strengthening its sales team with international experience. Christian Dorn, a 14-year veteran of electronics and solar product sales in Europe, joined the Company as Sales Director of Germany.
Mr. Dorn was most recently Managing Director at TOTAL Energie Deutschland GmbH.
SUPPLY
Solarfun signed its first non-domestic long-term agreement with an undisclosed supplier. Deliveries of wafer are expected to begin immediately and extend up to seven years. The contract calls for deliveries of 10 MW in 2008 and increasing to over 30 MW per year during the period of 2009-2013.
Mr. Yonghua Lu, Chairman and CEO of Solarfun, commented, "This agreement is the first step to securing high-quality and reasonably priced polysilicon supply outside of China. Given the ongoing tight supply of polysilicon worldwide, we continue to try to build relationships with and secure other sources of large-scale non-domestic supply of both wafer and polysilicon."
PRODUCTION
Solarfun's expansion plans remain on schedule. Construction of cell lines 7-8 are on schedule and are expected to commence commercial production in October. The Company has also secured equipment and is confident that cell lines 9-12 will begin full-scale production by mid-2008. Year-end manufacturing capacity targets remain on track, with total Cell capacity expected to reach 240 MW by the end of 2007 and 360 MW by the end of 2008.
The Company continues to Add seasoned management with manufacturing experience in recognition of the increasing demands of increasing production scale and maintaining the Company's reputation for high-quality, low-cost production. Solarfun recently hired Mr. Gao Zhoumiao as Vice President, Operations. He joins Solarfun from Advanced Semiconductor Manufacturing Corporation of Shanghai (ASMC), which is a subsidiary of Philips, where he gained 18 years of experience managing their manufacturing operations.
Mr. Lu commented, "We are happy to welcome Mr. Gao to our management team. His experience will strengthen our focus on continuing improvement in manufacturing quality, efficiency and yield."
JOINT VENTURE PROGRESS
Progress at Solarfun's 52%-owned joint venture company, Jiangsu Yangguang Solar Technology Co. Ltd. ("Yangguang Solar"), is on schedule. The Company received its first wafer sample at the end of August and expects supply to accelerate throughout the remainder of 2007 and 2008.
Mr. Lu added, "Yangguang's progress is already quite encouraging, with initial samples meeting our high standards for efficiency. Yangguang Solar appears to be well on its way of meeting our previously announced year-end capacity targets of 20 MW in 2007 and 60-80 MW in 2008. Yangguang Solar remains an important component of our strategy to vertically integrate upstream and secure a dependable, high-quality, low-cost supply of polysilicon wafers."
About Solarfun
Solarfun Power Holdings Co, Ltd. manufactures both PV cells and PV modules, provides PV cell processing services to convert silicon wafers into PV cells, and supplies solar system integration services in China. Solarfun produces both monocrystalline and multicrystalline silicon cells and modules, and manufactures 100% of its modules with in-house produced PV cells. Solarfun sells its products both through third-party distributors, OEM manufacturers and directly to system integrators. Solarfun was founded in 2004 and its products have been certified to TUV and UL safety and quality standards. SOLF-G
http://www.solarfun.com.cn
SALES
Solarfun secured three large multi-year framework commitments for over 185 MW of photovoltaic modules at the 22nd European Photovoltaic Solar Conference and Exhibition in Milan, Italy in early September. Initial shipments are expected to start as early as October 2007. Each of these customers is large and well-known company in Europe and is expected to significantly strengthen Solarfun's customer base and distribution network globally.
The Company also continued to meet its goal of strengthening its sales team with international experience. Christian Dorn, a 14-year veteran of electronics and solar product sales in Europe, joined the Company as Sales Director of Germany.
Mr. Dorn was most recently Managing Director at TOTAL Energie Deutschland GmbH.
SUPPLY
Solarfun signed its first non-domestic long-term agreement with an undisclosed supplier. Deliveries of wafer are expected to begin immediately and extend up to seven years. The contract calls for deliveries of 10 MW in 2008 and increasing to over 30 MW per year during the period of 2009-2013.
Mr. Yonghua Lu, Chairman and CEO of Solarfun, commented, "This agreement is the first step to securing high-quality and reasonably priced polysilicon supply outside of China. Given the ongoing tight supply of polysilicon worldwide, we continue to try to build relationships with and secure other sources of large-scale non-domestic supply of both wafer and polysilicon."
PRODUCTION
Solarfun's expansion plans remain on schedule. Construction of cell lines 7-8 are on schedule and are expected to commence commercial production in October. The Company has also secured equipment and is confident that cell lines 9-12 will begin full-scale production by mid-2008. Year-end manufacturing capacity targets remain on track, with total Cell capacity expected to reach 240 MW by the end of 2007 and 360 MW by the end of 2008.
The Company continues to Add seasoned management with manufacturing experience in recognition of the increasing demands of increasing production scale and maintaining the Company's reputation for high-quality, low-cost production. Solarfun recently hired Mr. Gao Zhoumiao as Vice President, Operations. He joins Solarfun from Advanced Semiconductor Manufacturing Corporation of Shanghai (ASMC), which is a subsidiary of Philips, where he gained 18 years of experience managing their manufacturing operations.
Mr. Lu commented, "We are happy to welcome Mr. Gao to our management team. His experience will strengthen our focus on continuing improvement in manufacturing quality, efficiency and yield."
JOINT VENTURE PROGRESS
Progress at Solarfun's 52%-owned joint venture company, Jiangsu Yangguang Solar Technology Co. Ltd. ("Yangguang Solar"), is on schedule. The Company received its first wafer sample at the end of August and expects supply to accelerate throughout the remainder of 2007 and 2008.
Mr. Lu added, "Yangguang's progress is already quite encouraging, with initial samples meeting our high standards for efficiency. Yangguang Solar appears to be well on its way of meeting our previously announced year-end capacity targets of 20 MW in 2007 and 60-80 MW in 2008. Yangguang Solar remains an important component of our strategy to vertically integrate upstream and secure a dependable, high-quality, low-cost supply of polysilicon wafers."
About Solarfun
Solarfun Power Holdings Co, Ltd. manufactures both PV cells and PV modules, provides PV cell processing services to convert silicon wafers into PV cells, and supplies solar system integration services in China. Solarfun produces both monocrystalline and multicrystalline silicon cells and modules, and manufactures 100% of its modules with in-house produced PV cells. Solarfun sells its products both through third-party distributors, OEM manufacturers and directly to system integrators. Solarfun was founded in 2004 and its products have been certified to TUV and UL safety and quality standards. SOLF-G
http://www.solarfun.com.cn
Friday, September 21, 2007
JA Solar Names Sun New President, COO
JA Solar Names Kang Sun President and COO, Appoints 2 New Members to Board of Directors
September 20, 2007: 06:23 PM EST
NEW YORK (Associated Press) - China-based JA Solar Holdings Co. Ltd., a manufacturer of solar cells, said Thursday it appointed Kang Sun as president and chief operating officer.
The company said its former COO, Zhilong Zhang, will become general manager of Shanghai JA Solar PV Technology Co. Ltd., a subsidiary of JA Solar.
Sun, 53, has served on JA Solar's board of directors since January. The company said he will remain on the board, but not as an independent director.
JA Solar also said it added two new members to its board. Elmer Hsu, 63, was most recently vice president and general director at Industrial Technology Research Institute in Taiwan. Erying Jia, 52, is an executive deputy general manager and director of JingLong Industry and Commerce Group Co. Ltd., JA Solar's largest supplier.
JA Solar shares fell $2.25, or 5.4 percent, to $39.50 in electronic after-hours trading. During regular hours, the shares rose $2.44, or 6.2 percent, to close at $41.75. The stock has ranged from $16.17 to $43.87 over the past year.
September 20, 2007: 06:23 PM EST
NEW YORK (Associated Press) - China-based JA Solar Holdings Co. Ltd., a manufacturer of solar cells, said Thursday it appointed Kang Sun as president and chief operating officer.
The company said its former COO, Zhilong Zhang, will become general manager of Shanghai JA Solar PV Technology Co. Ltd., a subsidiary of JA Solar.
Sun, 53, has served on JA Solar's board of directors since January. The company said he will remain on the board, but not as an independent director.
JA Solar also said it added two new members to its board. Elmer Hsu, 63, was most recently vice president and general director at Industrial Technology Research Institute in Taiwan. Erying Jia, 52, is an executive deputy general manager and director of JingLong Industry and Commerce Group Co. Ltd., JA Solar's largest supplier.
JA Solar shares fell $2.25, or 5.4 percent, to $39.50 in electronic after-hours trading. During regular hours, the shares rose $2.44, or 6.2 percent, to close at $41.75. The stock has ranged from $16.17 to $43.87 over the past year.
China's New Road Map for the Development of Energy and Technology
Vice Chairman of the Standing Committee of the National People's Congress and the president of the Chinese Academy of Science Lu Yongxiang said on September 19 that energy is the basis of China's sustainable economic and social development and the national competence. It's time to establish a sustainable energy system in China. To set up a strategic road map for China's development of energy and technology remains an important pledge toward the establishment of a sustainable energy system and achieving an optimal energy structure.
On the same day, at the Symposium of the Sustainable Energy Development Strategy held in Beijing, Lu put forward his road map for the Development of China's energy and technology. He outlined three short-term, mid-term and long-term objectives.
Short-term objectives (till 2020): Emphasis should be put on developing energy-saving and clean energy technology; improving ways energy is efficiently utilized; striving for breakthroughs in zero emissions, Integrated Gasification Combined Cycle (IGCC) and so on; developing key technologies to capture, store and use carbon dioxide plus provide demonstrations of these technologies; pushing forward highly efficient coal liquefaction technologies toward demonstration stages and consequent applications; actively developing renewable energy technologies and finally; further developing non-traditional fossil energy technologies.
Mid-term objectives (around 2030): Priority should be given to promoting nuclear energy and renewable energy as primary sources. China must strive to make breakthroughs in the following areas: fast neutron reactor technology, highly efficient solar conversion technology, Intelligent Energy Grids and so on.
Long-term objectives (around 2050) China must establish a system for sustainable energy development that will basically meet the overall energy demand for China's economic and social development and reduce the country's degree of dependence on fossil energy to less than 60 percent, thus turning renewable energy into one of the leading energy resources. Expanding application and commercialization of renewable energy technology and seeking breakthroughs in fusion energy technology are also included.
Lu Yongxiang stated that, the CAS, as our nation's strategic technological force, should focus on developing core technologies revolving around energy-saving and advanced, clean, renewable or alternative energy. The CAS will look to the future and make proper arrangements for research core areas that may exert significant influence on the future.
(China.org.cn by Zhang Ming'ai, September 20, 2007)
On the same day, at the Symposium of the Sustainable Energy Development Strategy held in Beijing, Lu put forward his road map for the Development of China's energy and technology. He outlined three short-term, mid-term and long-term objectives.
Short-term objectives (till 2020): Emphasis should be put on developing energy-saving and clean energy technology; improving ways energy is efficiently utilized; striving for breakthroughs in zero emissions, Integrated Gasification Combined Cycle (IGCC) and so on; developing key technologies to capture, store and use carbon dioxide plus provide demonstrations of these technologies; pushing forward highly efficient coal liquefaction technologies toward demonstration stages and consequent applications; actively developing renewable energy technologies and finally; further developing non-traditional fossil energy technologies.
Mid-term objectives (around 2030): Priority should be given to promoting nuclear energy and renewable energy as primary sources. China must strive to make breakthroughs in the following areas: fast neutron reactor technology, highly efficient solar conversion technology, Intelligent Energy Grids and so on.
Long-term objectives (around 2050) China must establish a system for sustainable energy development that will basically meet the overall energy demand for China's economic and social development and reduce the country's degree of dependence on fossil energy to less than 60 percent, thus turning renewable energy into one of the leading energy resources. Expanding application and commercialization of renewable energy technology and seeking breakthroughs in fusion energy technology are also included.
Lu Yongxiang stated that, the CAS, as our nation's strategic technological force, should focus on developing core technologies revolving around energy-saving and advanced, clean, renewable or alternative energy. The CAS will look to the future and make proper arrangements for research core areas that may exert significant influence on the future.
(China.org.cn by Zhang Ming'ai, September 20, 2007)
Renewable energy accounts for 8% of total consumed energy last year
16:46, September 20, 2007
By the end of 2006, China's renewable energy utilization amounted to 200 million tons of standard coal (excluding the traditional use of bioenergy), accounting for 8% of total energy consumption in China – 0.5 percentage points higher than that of 2005. This was revealed at the 2007 World Solar-energy Conference held in Beijing.
Director of China's Renewable Energy Academy, Shi Dinghuan, who is also a consult for the State Council, made a speech on China's renewable energy development at the conference.
He pointed out that the Chinese government has paid great attention to the development and utilization of renewable energy by issuing the Renewable Energy Law; and making a medium and long term development plan on renewable energy.
Small-scale hydro-power plants, wind power, biomass energy, solar energy and geothermal energy are all developing rapidly; while research and application in the field have also developed considerably over the past ten years. In particular, small-scale hydro-power, solar energy, and methane utilization are all leading technologies in the world; they have laid a solid foundation for large scale utilization of renewable energy. The solar energy heater is the earliest industrial project in China. By the end of 2006, China's solar energy heaters grew to a scale of 90 million square meters, accounting for 75.8% of the world's total holding.
According to China's medium and long term development plan on renewable energy, by 2020 China's renewable energy will account for 16% of total energy consumption.
By People's Daily Online
By the end of 2006, China's renewable energy utilization amounted to 200 million tons of standard coal (excluding the traditional use of bioenergy), accounting for 8% of total energy consumption in China – 0.5 percentage points higher than that of 2005. This was revealed at the 2007 World Solar-energy Conference held in Beijing.
Director of China's Renewable Energy Academy, Shi Dinghuan, who is also a consult for the State Council, made a speech on China's renewable energy development at the conference.
He pointed out that the Chinese government has paid great attention to the development and utilization of renewable energy by issuing the Renewable Energy Law; and making a medium and long term development plan on renewable energy.
Small-scale hydro-power plants, wind power, biomass energy, solar energy and geothermal energy are all developing rapidly; while research and application in the field have also developed considerably over the past ten years. In particular, small-scale hydro-power, solar energy, and methane utilization are all leading technologies in the world; they have laid a solid foundation for large scale utilization of renewable energy. The solar energy heater is the earliest industrial project in China. By the end of 2006, China's solar energy heaters grew to a scale of 90 million square meters, accounting for 75.8% of the world's total holding.
According to China's medium and long term development plan on renewable energy, by 2020 China's renewable energy will account for 16% of total energy consumption.
By People's Daily Online
JA Solar Files Registration Statement for Proposed Public Offering
September 20, 2007: 05:34 PM EST
HEBEI, China, Sept. 20, 2007 (PRIME NEWSWIRE) -- JA Solar Holdings Co., Ltd. ("the Company") (Nasdaq:JASO) today announced that it has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed registered offering of 4,000,000 ADSs by the Company and an aggregate of 2,350,000 ADSs by certain selling shareholders. Each ADS represents three ordinary shares of the Company. The Company is expected to grant the underwriters a 30-day option to purchase an additional 952,500 ADSs to cover over-allotments, if any.
The selling shareholders include entities controlled by the Company's chairman (Jinglong Group Co., Ltd), chief executive officer (Improve Forever Investments Limited) and chief technology officer (Express Power Investments Limited), as well as the Company's chief financial officer. Jinglong Group Co., Ltd ("Jinglong Group"), the Company's largest shareholder, is expected to own approximately 25.3% of the Company's share capital after the offering (assuming no exercise of the underwriters' over-allotment option).
Credit Suisse Securities (USA) LLC and Lehman Brothers Inc. will act as joint book-running managers, with CIBC World Markets Corp. and Piper Jaffray & Co. as co-managers.
Copies of the preliminary prospectus relating to the offering may be obtained, when available, by calling +1-800-221-1037 (Credit Suisse Securities (USA) LLC) or +1-888-603-5847 (Lehman Brothers Inc.).
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy ordinary shares or ADSs of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
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 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 http://www.jasolar.com.
HEBEI, China, Sept. 20, 2007 (PRIME NEWSWIRE) -- JA Solar Holdings Co., Ltd. ("the Company") (Nasdaq:JASO) today announced that it has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed registered offering of 4,000,000 ADSs by the Company and an aggregate of 2,350,000 ADSs by certain selling shareholders. Each ADS represents three ordinary shares of the Company. The Company is expected to grant the underwriters a 30-day option to purchase an additional 952,500 ADSs to cover over-allotments, if any.
The selling shareholders include entities controlled by the Company's chairman (Jinglong Group Co., Ltd), chief executive officer (Improve Forever Investments Limited) and chief technology officer (Express Power Investments Limited), as well as the Company's chief financial officer. Jinglong Group Co., Ltd ("Jinglong Group"), the Company's largest shareholder, is expected to own approximately 25.3% of the Company's share capital after the offering (assuming no exercise of the underwriters' over-allotment option).
Credit Suisse Securities (USA) LLC and Lehman Brothers Inc. will act as joint book-running managers, with CIBC World Markets Corp. and Piper Jaffray & Co. as co-managers.
Copies of the preliminary prospectus relating to the offering may be obtained, when available, by calling +1-800-221-1037 (Credit Suisse Securities (USA) LLC) or +1-888-603-5847 (Lehman Brothers Inc.).
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy ordinary shares or ADSs of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
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 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 http://www.jasolar.com.
Report: China to increase solar water heater coverage by 50% by 2010
www.chinaview.cn 2007-09-20 23:09:09
BEIJING, Sept. 20 (Xinhua) -- The coverage of solar water heating systems in operation in China will reach 150 million square meters in 2010, an increase of 50 percent from the current level, a report from the country's top planning authority predicted.
The Energy Research Institute (ERI) of the National Development and Reform Commission (NDRC) submitted a report on "Renewable Energy Markets And Policies In China" to the on-going "Solar World Congress 2007" here on Thursday.
China accounts for more than half of the world's solar-heated water consumption as well as for half of the world's annual output of solar water heating systems, the report said.
By 2006, the coverage of solar water heaters in operation in China hit 100 million square meters, benefiting about 200 million people. The annual production capacity has reached 20 million square meters in 2006, up 20 percent on the previous year, according to the report.
The report also noted that, except for solar water heaters, solar-powered appliances are developing in China, including solar energy heating and cooling devices, solar energy air-conditioner systems and seawater desalination systems.
The ERI's deputy head Li Junfeng said China would continue to promote and popularize the integration of solar energy equipment into the design and construction of houses. Solar water heaters will also enter more households in the country's rural areas and towns.
"By utilizing solar energy, China can save more than 50 million tons of coal in 2010," Li estimated.
The NDRC's vice minister Chen Deming said earlier this year that China will soon promulgate policies to stipulate compulsory installation of solar energy equipment in the construction sector.
It is the first time the International Solar Energy Society's Solar World Congress has been held in China since it was initiated more than two decades ago.
BEIJING, Sept. 20 (Xinhua) -- The coverage of solar water heating systems in operation in China will reach 150 million square meters in 2010, an increase of 50 percent from the current level, a report from the country's top planning authority predicted.
The Energy Research Institute (ERI) of the National Development and Reform Commission (NDRC) submitted a report on "Renewable Energy Markets And Policies In China" to the on-going "Solar World Congress 2007" here on Thursday.
China accounts for more than half of the world's solar-heated water consumption as well as for half of the world's annual output of solar water heating systems, the report said.
By 2006, the coverage of solar water heaters in operation in China hit 100 million square meters, benefiting about 200 million people. The annual production capacity has reached 20 million square meters in 2006, up 20 percent on the previous year, according to the report.
The report also noted that, except for solar water heaters, solar-powered appliances are developing in China, including solar energy heating and cooling devices, solar energy air-conditioner systems and seawater desalination systems.
The ERI's deputy head Li Junfeng said China would continue to promote and popularize the integration of solar energy equipment into the design and construction of houses. Solar water heaters will also enter more households in the country's rural areas and towns.
"By utilizing solar energy, China can save more than 50 million tons of coal in 2010," Li estimated.
The NDRC's vice minister Chen Deming said earlier this year that China will soon promulgate policies to stipulate compulsory installation of solar energy equipment in the construction sector.
It is the first time the International Solar Energy Society's Solar World Congress has been held in China since it was initiated more than two decades ago.
Thursday, September 20, 2007
Tangshan Silicon Launches its Polysilicon Project
September 18th 2007 Tangshan Silicon broke ground its polysilicon project in Tangshan city.
The total investment is 700 million RMB, its polysilicon production capacity is 1000 tons per year.
The total investment is 700 million RMB, its polysilicon production capacity is 1000 tons per year.
Solar polysilicon project breaks ground in Baotou
On September 8th 2007 Zhongjing Huaye polysilicon project broke ground in Baotou city.
The total investment is 1.23 billion RMB, the first phase project will be completed in early 2008, and then Zhongjing Huaye will be able to produce 32.4 million pieces of monosilicon wafers per year. The whole project will be completed by the end of 2010, Zhongjing Huaye then will have the polysilicon annual production capacity of 1200 tons.
Zhongjing Huaye is one state owned import and export company, and it is the subsidiary of China National Arts & Grafts (Group) Cooperation.
The total investment is 1.23 billion RMB, the first phase project will be completed in early 2008, and then Zhongjing Huaye will be able to produce 32.4 million pieces of monosilicon wafers per year. The whole project will be completed by the end of 2010, Zhongjing Huaye then will have the polysilicon annual production capacity of 1200 tons.
Zhongjing Huaye is one state owned import and export company, and it is the subsidiary of China National Arts & Grafts (Group) Cooperation.
China builds one 205KW Desert Demonstration PV Power Plant in Inner Mongolia
The power plant was invested by Yitai Coal Group. The system consists of 200KW CSP PV system and 5KW conventional solar PV system for comparison.
This project was led by professor, Chen Yingtian. They adopt solar concentrators to track and focus the sunlight to the solar cell to lower the power generation cost.
The total investment is 9 million RMB, and it is just the 75% of the conventional PV power generation system with the same capacity.
The power output of the solar photovoltaic panel in this project is increased to 3 to 4 times.
This project was led by professor, Chen Yingtian. They adopt solar concentrators to track and focus the sunlight to the solar cell to lower the power generation cost.
The total investment is 9 million RMB, and it is just the 75% of the conventional PV power generation system with the same capacity.
The power output of the solar photovoltaic panel in this project is increased to 3 to 4 times.
China Sunergy was sued in U.S.A by stock investor.
China Sunergy, certain of its officers and directors, and the Company's underwriters are charged with including, or allowing the inclusion of, materially false and misleading statements in the Registration Statement and Prospectus issued in connection with the IPO, in violation of the Securities Act of 1933 by one stock investor, Thomas Brown, at New York South District court on September 7th.
Particularly, the Complaint charges that China Sunergy raised over $107.52 million through the issuance of 9.775 million shares, despite the Registration Statement's false and misleading statements that the Company: (1) was a "leading manufacturer of solar cell products, as measured by production capacity" that was experiencing remarkable revenue growth; and (2) had secured a sufficient supply of polysilicon, a raw material necessary to the continued production of its solar cell products. Yet at the time of the IPO and unbeknownst to shareholders, the Registration Statement failed to disclose that China Sunergy was already having difficulty obtaining a sufficient supply of polysilicon, which foreseeably would have a near-term adverse impact on earnings.
On July 3, 2007, only weeks after the IPO, China Sunergy issued a press release announcing preliminary results for 2Q:07 well below guidance, and claimed that it could suddenly not obtain critical raw materials necessary for production and its revenue goals. The Company's press release stated that "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."
The complaint further alleges that on this news, shares of China Sunergy fell nearly 25% in a single trading day, from a high of $14.90 on July 2, 2007, to a close of $11.28 the following day, on exceedingly high volume of 3.659 million shares. As the impact of China Sunergy's belated disclosures resonated in the market, shares of the Company continued to decline, to about $7.50 per share by August 23, 2007. Shares fell significantly lower days later, to below $5.00 per share -- on news that the Company's CFO was resigning – after China Sunergy revealed a loss of at least $.14 per share for 2Q:07. In all, China Sunergy shares fell from $16.70 per share from the highs following the IPO, to a low of below $5.00 per share -- all within approximately 10 weeks.
Particularly, the Complaint charges that China Sunergy raised over $107.52 million through the issuance of 9.775 million shares, despite the Registration Statement's false and misleading statements that the Company: (1) was a "leading manufacturer of solar cell products, as measured by production capacity" that was experiencing remarkable revenue growth; and (2) had secured a sufficient supply of polysilicon, a raw material necessary to the continued production of its solar cell products. Yet at the time of the IPO and unbeknownst to shareholders, the Registration Statement failed to disclose that China Sunergy was already having difficulty obtaining a sufficient supply of polysilicon, which foreseeably would have a near-term adverse impact on earnings.
On July 3, 2007, only weeks after the IPO, China Sunergy issued a press release announcing preliminary results for 2Q:07 well below guidance, and claimed that it could suddenly not obtain critical raw materials necessary for production and its revenue goals. The Company's press release stated that "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."
The complaint further alleges that on this news, shares of China Sunergy fell nearly 25% in a single trading day, from a high of $14.90 on July 2, 2007, to a close of $11.28 the following day, on exceedingly high volume of 3.659 million shares. As the impact of China Sunergy's belated disclosures resonated in the market, shares of the Company continued to decline, to about $7.50 per share by August 23, 2007. Shares fell significantly lower days later, to below $5.00 per share -- on news that the Company's CFO was resigning – after China Sunergy revealed a loss of at least $.14 per share for 2Q:07. In all, China Sunergy shares fell from $16.70 per share from the highs following the IPO, to a low of below $5.00 per share -- all within approximately 10 weeks.
Great Solar Photovoltaic Potential in China
According to the China Solar Photovoltaic Development Report released at World Solar Congress 2007 in Beijing, the cost of solar photovoltaic power in China will be reduced to almost the same level of the conventional power by 2030, and solar photovoltaic power will become one mainstream power.
The report says that the installed solar photovoltaic power generation capacity in China will reach 100 million KW, and the annual power generation output will reach 130 billion KW by 2030.
At present China is the third largest solar cell producing country, but 90% of the solar photovoltaic products are exported, and the domestic solar photovoltaic applications are installed in the remote or rural regions. The solar photovoltaic development is hindered by the high power generation cost.
The report says that the installed solar photovoltaic power generation capacity in China will reach 100 million KW, and the annual power generation output will reach 130 billion KW by 2030.
At present China is the third largest solar cell producing country, but 90% of the solar photovoltaic products are exported, and the domestic solar photovoltaic applications are installed in the remote or rural regions. The solar photovoltaic development is hindered by the high power generation cost.
Wednesday, September 19, 2007
Renewable energy may account for 30% of energy supply
(Xinhua)
Updated: 2007-09-19 09:53
Renewable energy could contribute to 30 percent of China's total energy supply by 2050, an energy expert estimated on Tuesday.
Chinese wind power stations may have the ability to generate 300 to 500 million kw of electricity in 2050 and another 200 million to 300 million kw will be generated by solar energy, Shi Dinghuan, president of the Chinese Renewable Energy Society, said at the Solar World Congress 2007 in Beijing.
Small hydropower stations could generate 100 million kilowatts of electric power by 2030 which would account for 10 percent of overall energy supply at that time, said Shi.
Shi said China had to pay more attention to developing renewable energy in order to ease the conflict between economic development and environmental protection.
It is the first time the International Solar Energy Society's Solar World Congress has been held in China since it was initiated more than two decades ago.
Updated: 2007-09-19 09:53
Renewable energy could contribute to 30 percent of China's total energy supply by 2050, an energy expert estimated on Tuesday.
Chinese wind power stations may have the ability to generate 300 to 500 million kw of electricity in 2050 and another 200 million to 300 million kw will be generated by solar energy, Shi Dinghuan, president of the Chinese Renewable Energy Society, said at the Solar World Congress 2007 in Beijing.
Small hydropower stations could generate 100 million kilowatts of electric power by 2030 which would account for 10 percent of overall energy supply at that time, said Shi.
Shi said China had to pay more attention to developing renewable energy in order to ease the conflict between economic development and environmental protection.
It is the first time the International Solar Energy Society's Solar World Congress has been held in China since it was initiated more than two decades ago.
First 'Solar' Primary School in E. China
China's first solar-powered primary school was formally inaugurated on Monday in the city of Qingdao, east China's Shandong Province.
Peninsula Metropolitan News reported on Tuesday that the Hushanlu primary school, integrated with solar energy heat and photovoltaic generating systems, can generate electricity to support its water supply and heating system.
With a combined generating capacity of 30 kilowatts, the photovoltaic generating system can produce150 kilowatt-hours of electricity everyday.
Meanwhile, the heat utilization system, which is able to collect sunlight in an area of 600 square meters, can convert solar energy for heating and boiling water for 30 classrooms, 860 students and teachers.
The system, which costs about 3 million yuan, also less than one ninth of the total investment in building the primary school, can work even on a cloudy or rainy day because its stored electricity can support the normal need of the school for five days. There are also more than 100 solar-powered lights on campus.
Staff members of the school were quoted by the newspaper as saying that by using solar energy, the school will be able to save about 65 million kilowatt-hours of electricity and over 261tons of coal, reducing at the same time some 695 tons of carbon dioxide, 4.6 tons of sulfur dioxide, and 4.9 tons of industrial waste emissions, as well as decreasing atmospheric pollutants by 4 tons every year.
The authority of the school believes that their experiment will better help their students learn how important renewable energy resources will be in their daily life and studies.
Peninsula Metropolitan News reported on Tuesday that the Hushanlu primary school, integrated with solar energy heat and photovoltaic generating systems, can generate electricity to support its water supply and heating system.
With a combined generating capacity of 30 kilowatts, the photovoltaic generating system can produce150 kilowatt-hours of electricity everyday.
Meanwhile, the heat utilization system, which is able to collect sunlight in an area of 600 square meters, can convert solar energy for heating and boiling water for 30 classrooms, 860 students and teachers.
The system, which costs about 3 million yuan, also less than one ninth of the total investment in building the primary school, can work even on a cloudy or rainy day because its stored electricity can support the normal need of the school for five days. There are also more than 100 solar-powered lights on campus.
Staff members of the school were quoted by the newspaper as saying that by using solar energy, the school will be able to save about 65 million kilowatt-hours of electricity and over 261tons of coal, reducing at the same time some 695 tons of carbon dioxide, 4.6 tons of sulfur dioxide, and 4.9 tons of industrial waste emissions, as well as decreasing atmospheric pollutants by 4 tons every year.
The authority of the school believes that their experiment will better help their students learn how important renewable energy resources will be in their daily life and studies.
Tuesday, September 18, 2007
China Technology To Acquire Solar Energy Assets Of Shenzhen Soyin Electrical Appliance Industrial Co. Through JV
9/17/2007 3:22:39 PM China Technology Development Group Corporation (CTDC), a provider of information technology and network security services, said Monday it agreed to acquire all the solar energy assets and business of Shenzhen Soyin Electrical Appliance Industrial Co., Ltd. through a joint venture between the companies.
The Hong Kong-based CTDC expects to contribute US$5.8 million or RMB43.80 million in cash consideration to the new joint venture company, Shenzhen Shengguang New Energy Technology Co., Ltd. CTDC will hold the majority stake with 49% of ownership of the joint venture company.
Under the agreement, all of Soyin's existing solar energy business will be solely operated by the JV Company upon completion of its establishment. In addition, the board of directors of the JV Company will consist of five directors and three of them will be appointed by CTDC.
Soyin is a leading Photovoltaic application product provider in China.
"This acquisition of the solar energy business presents a significant opportunity to accelerate the expansion and growth of the Company's business portfolio in the solar energy market. We are committed to growing our business both through organic growth and strategic acquisitions," said Alan Li, Chairman and Chief Executive Officer of CTDC.
CTDC is trading at $6.30, up $0.30 or 5.00% on a volume of 2.57 million shares.
The Hong Kong-based CTDC expects to contribute US$5.8 million or RMB43.80 million in cash consideration to the new joint venture company, Shenzhen Shengguang New Energy Technology Co., Ltd. CTDC will hold the majority stake with 49% of ownership of the joint venture company.
Under the agreement, all of Soyin's existing solar energy business will be solely operated by the JV Company upon completion of its establishment. In addition, the board of directors of the JV Company will consist of five directors and three of them will be appointed by CTDC.
Soyin is a leading Photovoltaic application product provider in China.
"This acquisition of the solar energy business presents a significant opportunity to accelerate the expansion and growth of the Company's business portfolio in the solar energy market. We are committed to growing our business both through organic growth and strategic acquisitions," said Alan Li, Chairman and Chief Executive Officer of CTDC.
CTDC is trading at $6.30, up $0.30 or 5.00% on a volume of 2.57 million shares.
Yingli Green Energy Signs New Supply Agreement with Wacker Chemie AG
Business Wire, September 17, 2007 Monday 10:00 AM GMT
Yingli Green Energy Holding Company Limited (NYSE:YGE) ("Yingli Green Energy" or the "Company"), a leading vertically integrated photovoltaic ("PV") product manufacturer in China, today announced that it has entered into a new mid to long term agreement with Wacker Chemie AG ("Wacker") of Germany. Under the terms of the agreement, Wacker will supply Yingli Green Energy with polysilicon from 2009 to 2011. The total amount of polysilicon supplied will allow Yingli Green Energy to produce over 80MW of PV modules over the life of the agreement.
Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy, commented, "This fourth supply agreement, together with our three existing long-term supply agreements with Wacker, further exemplifies the solid partnership that we have had with Wacker AG since 2003. We believe this additional agreement will further enable our ability to complete the next 200MW capacity expansion plan on schedule"
Mr. Reimund Huber, Director of Marketing & Sales of Wacker, commented, "As a market leader in an area facing rapidly growing demand, we are glad to strengthen and diversify our relationship with Yingli Green Energy. We believe this agreement will benefit both partners and it coincides with our previously announced strategy of reaching a total capacity of 21,500 metric tons by the end of 2010."
About Yingli Green Energy
Yingli Green Energy Holding Company Limited ("Yingli Green Energy") is one of the leading vertically integrated photovoltaic ("PV") product manufacturers in China. Through the Company's principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co., Ltd., 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 200 MW of total annual production capacity in each of polysilicon ingots and wafers, PV cells and PV modules, Yingli Green Energy is currently one of the largest manufacturers of PV products in China. Additionally, Yingli Green Energy is one of the limited number of large-scale PV companies in China to have adopted vertical integration as its business model. Yingli Green Energy currently plans to gradually expand annual production capacity of polysilicon ingots and wafers, PV cells and PV modules to 400 MW by the end of 2008 and to 600 megawatts by 2010. Yingli Green Energy sells PV modules under its own brand name, Yingli Solar, to PV system integrators and distributors located in various markets around the world, including Germany, Spain, China and the United States.
Yingli Green Energy Holding Company Limited (NYSE:YGE) ("Yingli Green Energy" or the "Company"), a leading vertically integrated photovoltaic ("PV") product manufacturer in China, today announced that it has entered into a new mid to long term agreement with Wacker Chemie AG ("Wacker") of Germany. Under the terms of the agreement, Wacker will supply Yingli Green Energy with polysilicon from 2009 to 2011. The total amount of polysilicon supplied will allow Yingli Green Energy to produce over 80MW of PV modules over the life of the agreement.
Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy, commented, "This fourth supply agreement, together with our three existing long-term supply agreements with Wacker, further exemplifies the solid partnership that we have had with Wacker AG since 2003. We believe this additional agreement will further enable our ability to complete the next 200MW capacity expansion plan on schedule"
Mr. Reimund Huber, Director of Marketing & Sales of Wacker, commented, "As a market leader in an area facing rapidly growing demand, we are glad to strengthen and diversify our relationship with Yingli Green Energy. We believe this agreement will benefit both partners and it coincides with our previously announced strategy of reaching a total capacity of 21,500 metric tons by the end of 2010."
About Yingli Green Energy
Yingli Green Energy Holding Company Limited ("Yingli Green Energy") is one of the leading vertically integrated photovoltaic ("PV") product manufacturers in China. Through the Company's principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co., Ltd., 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 200 MW of total annual production capacity in each of polysilicon ingots and wafers, PV cells and PV modules, Yingli Green Energy is currently one of the largest manufacturers of PV products in China. Additionally, Yingli Green Energy is one of the limited number of large-scale PV companies in China to have adopted vertical integration as its business model. Yingli Green Energy currently plans to gradually expand annual production capacity of polysilicon ingots and wafers, PV cells and PV modules to 400 MW by the end of 2008 and to 600 megawatts by 2010. Yingli Green Energy sells PV modules under its own brand name, Yingli Solar, to PV system integrators and distributors located in various markets around the world, including Germany, Spain, China and the United States.
China Sunergy Signs Wafer Supply Agreement
September 17, 2007: 07:46 AM EST
NANJING, China, Sept. 17 /Xinhua-PRNewswire/ -- China Sunergy Co., Ltd. , a specialized solar cell manufacturer based in Nanjing, China, announced today that it has entered into a supply agreement (the "Agreement") with a leading Taiwan based wafer provider, for a high quality supply of approximately 68 megawatts of monocrystalline 156-millimeter wafers for 2007, 2008 and 2009.
The scheduled shipments are expected to begin in November 2007 and expire in December 2009. The Agreement provides for 8% of the wafer supplies to be shipped in 2007, and 46% to be shipped in 2008 and 2009, respectively. The pricing terms are generally subject to negotiation on a quarterly basis.
Commenting on the Agreement, Allen Wang, CEO of China Sunergy said, "Since I joined China Sunergy, one of my priorities has been to secure a reliable, long-term supply of poly-silicon and high-quality wafers to further enhance our product conversion efficiency and competitiveness. By partnering with our new supplier, we are reducing our reliance on the spot market, and I believe that the cost savings involved will ease the current pressure we are seeing on our margins."
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 visit http://www.chinasunergy.com .
NANJING, China, Sept. 17 /Xinhua-PRNewswire/ -- China Sunergy Co., Ltd. , a specialized solar cell manufacturer based in Nanjing, China, announced today that it has entered into a supply agreement (the "Agreement") with a leading Taiwan based wafer provider, for a high quality supply of approximately 68 megawatts of monocrystalline 156-millimeter wafers for 2007, 2008 and 2009.
The scheduled shipments are expected to begin in November 2007 and expire in December 2009. The Agreement provides for 8% of the wafer supplies to be shipped in 2007, and 46% to be shipped in 2008 and 2009, respectively. The pricing terms are generally subject to negotiation on a quarterly basis.
Commenting on the Agreement, Allen Wang, CEO of China Sunergy said, "Since I joined China Sunergy, one of my priorities has been to secure a reliable, long-term supply of poly-silicon and high-quality wafers to further enhance our product conversion efficiency and competitiveness. By partnering with our new supplier, we are reducing our reliance on the spot market, and I believe that the cost savings involved will ease the current pressure we are seeing on our margins."
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 visit http://www.chinasunergy.com .
Monday, September 17, 2007
Renewable energy to be a priority for nation
By Cai Cai (China Daily)
Updated: 2007-09-15 13:47
China plans to put even greater effort into developing its renewable energy industry and cut greenhouse gas emissions to maintain sustainable economic growth in the coming years.
Investments worth more than two trillion yuan, or 10 percent of the nation's gross domestic product (GDP) in 2006, are needed to meet the renewable energy target by 2020, according to the National Development and Reform Commission (NDRC).
Addressing a press conference in Beijing early this week, Chen Deming, vice minister of NDRC, reiterated that China's medium and long-term target is to boost its fledging renewable energy industry, which is expected to play an important role in sustaining the country's future economic development.
NDRC plans to raise the ratio of renewable energy in total energy consumption to 10 percent by 2010 and 15 percent by 2020, compared to eight percent at present, Chen said.
Currently, coal annually accounts for more than 70 percent of China's total energy consumption, leaving great potential for the development of hydropower, marsh gas, solar, wind and other clean and renewable energies, he added.
Ambitious plan
According to its ambitious development plan, China's installed hydropower, wind power and solar power generation capacity will increase by 190 million kilowatts, 29 million kilowatts and 1.73 million kilowatts respectively between 2006 and 2020.
By 2020, the nation's installed hydropower, wind power and solar power generation capacity will reach more than 300 million kilowatts, 30 million kilowatts and 1.8 million kilowatts respectively.
To achieve this goal, China will have to seek greater international financial support and cooperation to develop its renewable energy industries in the years ahead, Chen said.
The Chinese government also expects and encourages more domestic small and medium-sized enterprises (SMEs), especially private firms, to join hands in the development of the country's renewable energy industry, the vice-minister added.
He believes there is enough room for both foreign and domestic companies in the huge renewable energy sector.
The Chinese mainland has abundant renewable energy resources.
China generates much lower levels of greenhouse gases than developed countries, but treats the issue seriously and spares no effort to cut carbon dioxide emissions by enhancing energy efficiency and developing renewable energy, Chen pointed out.
Setting a specific target for renewable energy development is part of the country's commitment to saving energy and cutting emissions, he noted.
Incentives to go green
"We will adopt measures to guide and encourage the development of renewable energy. We will come up with various taxation and fiscal incentives, including subsidies and tax breaks," Vice-Minister Chen said.
The preferential policies will ensure equal treatment for all companies, whether private or State-owned, he promised.
Meanwhile China will continue to develop liquid biological fuel under the precondition of ensuring food security, said Chen.
The nation will not encourage the use of corn as bio-fuel raw material but turn to non-food crops, such as sweet potato and sorghum, to produce liquid bio-fuel, including ethanol and bio-diesel.
Most of such non-food crops grow in saline and barren lands that are unsuitable for growing grain, he said.
It is common practice around the world to produce bio-ethanol from corn; the United States annually produces 15 million tons of bio-ethanol from the crop, and has therefore increased corn output but decreased land area for growing soybean.
"In view of the per capita area of China's farmland, such a process is not suitable for the country," Chen said.
On the Chinese mainland, there are four facilities annually producing 1.02 million tons of bio-ethanol with long-preserved grain that has become inedible, he said.
"We will require real estate developers to install solar power equipment in their projects in the coming years to reduce energy consumption. And large State-owned energy enterprises will have quotas for investment in the development of renewable energy," the vice minister added.
Industrial analysts have said that most of the required two trillion yuan investment by 2020 will come from the market, with only a small proportion coming from the government.
As long as there are favorable government policies, market investment will support the development of renewable energy, analysts say.
Market-oriented preferential policies may include setting higher prices for electricity generated by renewable energy.
Hydropower and wind power are priority areas for developing renewable energy, because of the country's vast potential and advanced technology, said Chen.
Updated: 2007-09-15 13:47
China plans to put even greater effort into developing its renewable energy industry and cut greenhouse gas emissions to maintain sustainable economic growth in the coming years.
Investments worth more than two trillion yuan, or 10 percent of the nation's gross domestic product (GDP) in 2006, are needed to meet the renewable energy target by 2020, according to the National Development and Reform Commission (NDRC).
Addressing a press conference in Beijing early this week, Chen Deming, vice minister of NDRC, reiterated that China's medium and long-term target is to boost its fledging renewable energy industry, which is expected to play an important role in sustaining the country's future economic development.
NDRC plans to raise the ratio of renewable energy in total energy consumption to 10 percent by 2010 and 15 percent by 2020, compared to eight percent at present, Chen said.
Currently, coal annually accounts for more than 70 percent of China's total energy consumption, leaving great potential for the development of hydropower, marsh gas, solar, wind and other clean and renewable energies, he added.
Ambitious plan
According to its ambitious development plan, China's installed hydropower, wind power and solar power generation capacity will increase by 190 million kilowatts, 29 million kilowatts and 1.73 million kilowatts respectively between 2006 and 2020.
By 2020, the nation's installed hydropower, wind power and solar power generation capacity will reach more than 300 million kilowatts, 30 million kilowatts and 1.8 million kilowatts respectively.
To achieve this goal, China will have to seek greater international financial support and cooperation to develop its renewable energy industries in the years ahead, Chen said.
The Chinese government also expects and encourages more domestic small and medium-sized enterprises (SMEs), especially private firms, to join hands in the development of the country's renewable energy industry, the vice-minister added.
He believes there is enough room for both foreign and domestic companies in the huge renewable energy sector.
The Chinese mainland has abundant renewable energy resources.
China generates much lower levels of greenhouse gases than developed countries, but treats the issue seriously and spares no effort to cut carbon dioxide emissions by enhancing energy efficiency and developing renewable energy, Chen pointed out.
Setting a specific target for renewable energy development is part of the country's commitment to saving energy and cutting emissions, he noted.
Incentives to go green
"We will adopt measures to guide and encourage the development of renewable energy. We will come up with various taxation and fiscal incentives, including subsidies and tax breaks," Vice-Minister Chen said.
The preferential policies will ensure equal treatment for all companies, whether private or State-owned, he promised.
Meanwhile China will continue to develop liquid biological fuel under the precondition of ensuring food security, said Chen.
The nation will not encourage the use of corn as bio-fuel raw material but turn to non-food crops, such as sweet potato and sorghum, to produce liquid bio-fuel, including ethanol and bio-diesel.
Most of such non-food crops grow in saline and barren lands that are unsuitable for growing grain, he said.
It is common practice around the world to produce bio-ethanol from corn; the United States annually produces 15 million tons of bio-ethanol from the crop, and has therefore increased corn output but decreased land area for growing soybean.
"In view of the per capita area of China's farmland, such a process is not suitable for the country," Chen said.
On the Chinese mainland, there are four facilities annually producing 1.02 million tons of bio-ethanol with long-preserved grain that has become inedible, he said.
"We will require real estate developers to install solar power equipment in their projects in the coming years to reduce energy consumption. And large State-owned energy enterprises will have quotas for investment in the development of renewable energy," the vice minister added.
Industrial analysts have said that most of the required two trillion yuan investment by 2020 will come from the market, with only a small proportion coming from the government.
As long as there are favorable government policies, market investment will support the development of renewable energy, analysts say.
Market-oriented preferential policies may include setting higher prices for electricity generated by renewable energy.
Hydropower and wind power are priority areas for developing renewable energy, because of the country's vast potential and advanced technology, said Chen.
JA Solar Extends Wafer Supply Agreement With ReneSola; Terminates Agreement With Former PowerLight Corporation
September 14, 2007: 07:36 AM EST
HEBEI, China, Sept. 14, 2007 (PRIME NEWSWIRE) -- JA Solar Holdings Co., Ltd. ("JA Solar," "the Company") (Nasdaq:JASO) today announced that it has extended its wafer supply agreement with ReneSola Ltd. ("ReneSola") (LSE:SOLA). Under the new agreement, ReneSola will supply an additional 60MW of wafers to JingAo Solar Co., Ltd. ("JingAo"), the wholly-owned operating subsidiary of JA Solar, from 2008 to 2010.
Samuel Yang, Chief Executive Officer of JA Solar said, "This latest agreement is in line with our growth plans and continued efforts to meet customer demand. The agreement builds on our existing relationship with ReneSola, and further strengthens our supply chain."
Separately, JA Solar announced that SunPower Corporation, Systems ("SP Systems"), a subsidiary of SunPower Corporation ("SunPower") that was formerly known as PowerLight Corporation, and JingAo agreed to terminate, effective as of September 12, 2007, their Contract for the Delivery of Solar Cells (the "Agreement"), dated January 12, 2007. The Agreement was a three-year supply contract providing the general terms and conditions pursuant to which JingAo would supply SP Systems with up to 120 megawatts of silicon solar cells beginning in 2007. However, the parties have determined that an unanticipated quality problem with respect to metallurgical grade polysilicon could not be resolved in the near term. In addition, the Agreement provided pricing terms through only June 2007 and required the parties to renegotiate thereafter, but the parties have not reached any further agreement regarding pricing. Under the Agreement, if the parties do not agree on pricing terms after June 2007, JingAo is not obligated to sell and SP Systems is not obligated to purchase additional solar cells. As a result of the unresolved quality problems with respect to metallurgical grade polysilicon and unresolved pricing terms, the parties have agreed that it is mutually beneficial to terminate the Agreement. Termination of this agreement is not expected to have a material impact on JA Solar's 2007 or 2008 revenues or earnings.
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 http://www.jasolar.com.
HEBEI, China, Sept. 14, 2007 (PRIME NEWSWIRE) -- JA Solar Holdings Co., Ltd. ("JA Solar," "the Company") (Nasdaq:JASO) today announced that it has extended its wafer supply agreement with ReneSola Ltd. ("ReneSola") (LSE:SOLA). Under the new agreement, ReneSola will supply an additional 60MW of wafers to JingAo Solar Co., Ltd. ("JingAo"), the wholly-owned operating subsidiary of JA Solar, from 2008 to 2010.
Samuel Yang, Chief Executive Officer of JA Solar said, "This latest agreement is in line with our growth plans and continued efforts to meet customer demand. The agreement builds on our existing relationship with ReneSola, and further strengthens our supply chain."
Separately, JA Solar announced that SunPower Corporation, Systems ("SP Systems"), a subsidiary of SunPower Corporation ("SunPower") that was formerly known as PowerLight Corporation, and JingAo agreed to terminate, effective as of September 12, 2007, their Contract for the Delivery of Solar Cells (the "Agreement"), dated January 12, 2007. The Agreement was a three-year supply contract providing the general terms and conditions pursuant to which JingAo would supply SP Systems with up to 120 megawatts of silicon solar cells beginning in 2007. However, the parties have determined that an unanticipated quality problem with respect to metallurgical grade polysilicon could not be resolved in the near term. In addition, the Agreement provided pricing terms through only June 2007 and required the parties to renegotiate thereafter, but the parties have not reached any further agreement regarding pricing. Under the Agreement, if the parties do not agree on pricing terms after June 2007, JingAo is not obligated to sell and SP Systems is not obligated to purchase additional solar cells. As a result of the unresolved quality problems with respect to metallurgical grade polysilicon and unresolved pricing terms, the parties have agreed that it is mutually beneficial to terminate the Agreement. Termination of this agreement is not expected to have a material impact on JA Solar's 2007 or 2008 revenues or earnings.
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 http://www.jasolar.com.
2008 Beijing Olympic Games To Widely Use Solar Energy
BEIJING, Sept 13 (Bernama) -- Solar power will be widely applied during the 2008 Beijing Olympic Games, China's Xinhua news agency reported Thursday quoting a senior government official as saying.
Li Zhonghai, senior official with the China Association for Standardization said about 90 percent of all the hot water used in the Olympic village will be solar heated, and 80 to 90 percent of street lights around the Olympic venues will also be solar powered.
Li, who is also the member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) said about 40 million Chinese households, or 150 million Chinese people, now use solar energy in their daily lives.
According to the People's Daily, China is the world's biggest user of solar water heating.
Following the implementation of the Renewable Energy Law in 2006, China's solar heating market is valued at tens of billions of yuan and has provided hundreds of thousand jobs, said the newspaper.
Li Zhonghai, senior official with the China Association for Standardization said about 90 percent of all the hot water used in the Olympic village will be solar heated, and 80 to 90 percent of street lights around the Olympic venues will also be solar powered.
Li, who is also the member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) said about 40 million Chinese households, or 150 million Chinese people, now use solar energy in their daily lives.
According to the People's Daily, China is the world's biggest user of solar water heating.
Following the implementation of the Renewable Energy Law in 2006, China's solar heating market is valued at tens of billions of yuan and has provided hundreds of thousand jobs, said the newspaper.
Sunday, September 16, 2007
Zhejiang Bijing Technology Produces 99.9999% Polysilicon By Physical Process
Dr. Qiao Li came back to China in 2006, he studyed polysilicon production technology in U.S.A. And he founded Zhejiang Bijing Technology together with two Shangyu companies, at present Zhejiang Bijing Technology has successfully produced 99.9999% polysilicon by some physical process. Their first phase project is 100 tons, and the second phase project is 1000 tons.
Saturday, September 15, 2007
China South will acquire Tianwei group and invest 45 billion RMB in the new energy business
It is said that China South will sign the agreement to acquire Tianwei group soon, and China South plans to invest 15 billion RMB in the new energy business (especially the solar energy business) of Tianwei Group in the 11th five year plan period, and further invest 30 billion RMB in future.
Both China South and Tianwei Group are 100% state-owned enterprise, Yingli Solar is the subsidiary of Tianwei Group. China South plans to make Tianwei Group go public in the first half year of 2008, and China South will try to get more control of Yingli Solar.
Both China South and Tianwei Group are 100% state-owned enterprise, Yingli Solar is the subsidiary of Tianwei Group. China South plans to make Tianwei Group go public in the first half year of 2008, and China South will try to get more control of Yingli Solar.
China Solar Cell Production Equipment Annual Sales Will Reach 500 Million RMB in 2007
According to the statistics from China Information Industry Ministry, the solar cell production equipment sales from the major 10 manufacturers in the first half year of 2007 is 264 million RMB, it is the 80% of the total sales of 2006.
264 million RMB includes the 143 million RMB of the sales of silicon material production equipments and the 121 million RMB of the sales of solar cell production equipments. The solar cell production equipment sales in 2007 is expected to reach 500 million RMB.
264 million RMB includes the 143 million RMB of the sales of silicon material production equipments and the 121 million RMB of the sales of solar cell production equipments. The solar cell production equipment sales in 2007 is expected to reach 500 million RMB.
Thursday, September 13, 2007
ISES Solar World Congress 2007 (SWC2007) will be held in Beijing, China, from September 18 to 21, 2007.
The International Solar Energy Society and the Chinese Solar Energy Society warmly welcome you to the ISES Solar World Congress 2007 (SWC2007) in Beijing, China, from September 18 to 21, 2007.
China with its huge population and vast area, while in some parts still poverty-stricken and lacking basic supplies such as water and electricity, is one of world's biggest producers and consumers of energy. The economic miracle that has set the country on a trajectory of unheard-of growth puts its energy industry in the difficult position of having to face both insufficient energy supply and an ever more ardent need to engage in environmental protection. There is no way out of this predicament than to change the means of energy production, improve the efficiency with which energy is used, and adjust the overall energy structure, especially with a view to further incorporating solar energy and other renewable energies. Within the frameworks of such a new system of sustainable development, both economic growth and environmental protection will be compatible.
The Chinese government has made the development of renewable energy a high priority in its strategy for national sustainable development. Ambitious targets have been set in its mid- and long-term planning, projecting a 10% contribution of renewable energies to the total energy mix in 2020. With the Renewable Energy Law passed on January 1, 2006, the utilization and strategic development of renewable energy in China has drawn worldwide attention and acclaim.
China's 11th Five-Year-Plan lays out a comprehensive set of measures to gear the country towards sustainable development; its objectives are to
-implement preferential policies for renewable energies in finance, taxation, and mandatory market share,
-encourage production and consumption of renewable energies,
-enhance their proportion in the consumption of primary energies,
-speed up wind energy development,
-set up thirty large-scale wind power stations with over 100 MW of dynamoelectric power generation capacity,
-build wind power bases of GW proportions,
-quicken the exploration of biomass energy,
-support and develop straw and waste incineration, as well as landfill- gas generation,
-set up straw and wood power stations,
-extend the production performance of biomass solidified fuel, fuel ethanol, and bio diesel,
-raise the cumulative installed capacity of grid connected wind power and biomass generation to 5 GW and 5.5 GW respectively, and
-exploit and utilize energetically solar, geothermal and ocean energy.
We hope that the participants of the ISES Solar World Congress 2007 will provide more answers on how to effectively promote sustainable development and which resources to use for that purpose. We count on your knowledge and experience!
The SWC2007 will be held at Beijing International Convention Center (BICC). The BICC is located in the northern part of Beijing, within the Asian Games Village. The National Olympic Games Park is just across the street - a perfect opportunity for you to feel the Olympic spirit even before 2008!
The venue is 30 minutes from Beijing Capital International Airport by car.
China with its huge population and vast area, while in some parts still poverty-stricken and lacking basic supplies such as water and electricity, is one of world's biggest producers and consumers of energy. The economic miracle that has set the country on a trajectory of unheard-of growth puts its energy industry in the difficult position of having to face both insufficient energy supply and an ever more ardent need to engage in environmental protection. There is no way out of this predicament than to change the means of energy production, improve the efficiency with which energy is used, and adjust the overall energy structure, especially with a view to further incorporating solar energy and other renewable energies. Within the frameworks of such a new system of sustainable development, both economic growth and environmental protection will be compatible.
The Chinese government has made the development of renewable energy a high priority in its strategy for national sustainable development. Ambitious targets have been set in its mid- and long-term planning, projecting a 10% contribution of renewable energies to the total energy mix in 2020. With the Renewable Energy Law passed on January 1, 2006, the utilization and strategic development of renewable energy in China has drawn worldwide attention and acclaim.
China's 11th Five-Year-Plan lays out a comprehensive set of measures to gear the country towards sustainable development; its objectives are to
-implement preferential policies for renewable energies in finance, taxation, and mandatory market share,
-encourage production and consumption of renewable energies,
-enhance their proportion in the consumption of primary energies,
-speed up wind energy development,
-set up thirty large-scale wind power stations with over 100 MW of dynamoelectric power generation capacity,
-build wind power bases of GW proportions,
-quicken the exploration of biomass energy,
-support and develop straw and waste incineration, as well as landfill- gas generation,
-set up straw and wood power stations,
-extend the production performance of biomass solidified fuel, fuel ethanol, and bio diesel,
-raise the cumulative installed capacity of grid connected wind power and biomass generation to 5 GW and 5.5 GW respectively, and
-exploit and utilize energetically solar, geothermal and ocean energy.
We hope that the participants of the ISES Solar World Congress 2007 will provide more answers on how to effectively promote sustainable development and which resources to use for that purpose. We count on your knowledge and experience!
The SWC2007 will be held at Beijing International Convention Center (BICC). The BICC is located in the northern part of Beijing, within the Asian Games Village. The National Olympic Games Park is just across the street - a perfect opportunity for you to feel the Olympic spirit even before 2008!
The venue is 30 minutes from Beijing Capital International Airport by car.
Suntech Supplies BIPV Component of 750kW Green Building Project in Sicily
September 12, 2007: 08:00 AM EST
WUXI, China, Sept. 12 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. , one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced that it has supplied 230 MSK Photovol Glass panels to Socovoltaic Systems, a Socotherm and TSNergy Inc. joint venture company that designs, manufactures and installs integrated PV systems. The 10kW building integrated photovoltaic (BIPV) solution will form an integral component of a 750kW solar system for a 25,000 square meter green building project in the Sicilian city of Pozzallo, Italy.
Suntech's MSK Photovol Glass panels are semitransparent, thin film BIPV panels that transmit up to 10% of light while generating electricity. This level of light transmission allows for visibility while protecting against excessive solar heat gain, glare, and the damaging effects of UV rays. The aesthetic glass panels used in the green building project are insulated for even greater energy efficiency, and will provide a highly visible showcase for the total 750kW solar system that is slated to be installed at the site.
''Projects such as this green building in Sicily demonstrate the strong and long term global sales market for BIPV products and especially thin film PV modules. We are pleased to be involved with this important project that showcases Suntech's leading concepts in the world of PV and architecture,'' said Dr. Zhengrong Shi, Suntech's Chairman and CEO.
The BIPV system engineering for the building has been spearheaded by US- based thin film and BIPV expert TSNergy on behalf of Socovoltaic Systems. ''Having spent over half a decade in the manufacturing and applications of thin film photovoltaics, we believe that Suntech's MSK Photovol Glass solution is one of the best currently available on the market,'' said Tom Moran, Partner and CEO of TSNergy Inc. ''We see great potential for BIPV products over the next few decades as the market evolves.''
In May 2007, Suntech broke ground on a thin film R&D and manufacturing facility in Shanghai, China. The thin film modules produced will primarily be used in Suntech's MSK BIPV applications.
About TSNergy, Inc.
TSNergy Inc., an American Corporation, is active in the design, production, and commercialization of next generation photovoltaic materials and building integrated photovoltaic systems, for widespread residential and commercial use. For more information, please visit: http://www.tsnergy.com .
About Socotherm
Socotherm, a public company listed on the Italian Stock Exchange and founded in 1859 in Vicenza, Italy is a world-wide pipe coating contractor with plants in Italy, Spain, Australia, Malaysia, China, Nigeria, Angola, Qatar, Argentina, Brazil, Venezuela and USA. The Group offers all types of pipe coating services world-wide to the Oil and Gas industry from External/Internal Anticorrosion Coatings to Concrete Weight Coating and Thermal Insulation. For more information, please visit: http://www.socotherm.com .
About Suntech
Suntech Power Holdings Co., Ltd. is a leading solar energy company in the world as measured by both production output and capacity of solar cells and modules. Suntech provides solar solutions for a green future. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly PV cells and modules for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech's majority-owned subsidiary, MSK Corporation is one of the top-ranked companies in the building-integrated photovoltaics (BIPV) space. Suntech's customers are located in various markets worldwide, including key markets throughout Europe, North America, Japan and China. For more information, please visit http://www.suntech-power.com .
WUXI, China, Sept. 12 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. , one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced that it has supplied 230 MSK Photovol Glass panels to Socovoltaic Systems, a Socotherm and TSNergy Inc. joint venture company that designs, manufactures and installs integrated PV systems. The 10kW building integrated photovoltaic (BIPV) solution will form an integral component of a 750kW solar system for a 25,000 square meter green building project in the Sicilian city of Pozzallo, Italy.
Suntech's MSK Photovol Glass panels are semitransparent, thin film BIPV panels that transmit up to 10% of light while generating electricity. This level of light transmission allows for visibility while protecting against excessive solar heat gain, glare, and the damaging effects of UV rays. The aesthetic glass panels used in the green building project are insulated for even greater energy efficiency, and will provide a highly visible showcase for the total 750kW solar system that is slated to be installed at the site.
''Projects such as this green building in Sicily demonstrate the strong and long term global sales market for BIPV products and especially thin film PV modules. We are pleased to be involved with this important project that showcases Suntech's leading concepts in the world of PV and architecture,'' said Dr. Zhengrong Shi, Suntech's Chairman and CEO.
The BIPV system engineering for the building has been spearheaded by US- based thin film and BIPV expert TSNergy on behalf of Socovoltaic Systems. ''Having spent over half a decade in the manufacturing and applications of thin film photovoltaics, we believe that Suntech's MSK Photovol Glass solution is one of the best currently available on the market,'' said Tom Moran, Partner and CEO of TSNergy Inc. ''We see great potential for BIPV products over the next few decades as the market evolves.''
In May 2007, Suntech broke ground on a thin film R&D and manufacturing facility in Shanghai, China. The thin film modules produced will primarily be used in Suntech's MSK BIPV applications.
About TSNergy, Inc.
TSNergy Inc., an American Corporation, is active in the design, production, and commercialization of next generation photovoltaic materials and building integrated photovoltaic systems, for widespread residential and commercial use. For more information, please visit: http://www.tsnergy.com .
About Socotherm
Socotherm, a public company listed on the Italian Stock Exchange and founded in 1859 in Vicenza, Italy is a world-wide pipe coating contractor with plants in Italy, Spain, Australia, Malaysia, China, Nigeria, Angola, Qatar, Argentina, Brazil, Venezuela and USA. The Group offers all types of pipe coating services world-wide to the Oil and Gas industry from External/Internal Anticorrosion Coatings to Concrete Weight Coating and Thermal Insulation. For more information, please visit: http://www.socotherm.com .
About Suntech
Suntech Power Holdings Co., Ltd. is a leading solar energy company in the world as measured by both production output and capacity of solar cells and modules. Suntech provides solar solutions for a green future. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly PV cells and modules for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech's majority-owned subsidiary, MSK Corporation is one of the top-ranked companies in the building-integrated photovoltaics (BIPV) space. Suntech's customers are located in various markets worldwide, including key markets throughout Europe, North America, Japan and China. For more information, please visit http://www.suntech-power.com .
Large poly-silicon and monocrystal silicon facility starts construction in Inner Mongolia
Xinhua Economic News Service, September 12, 2007 Wednesday 10:30 AM EST
HOHHOT, Sept. 12 (CEIS) – A large project for production of polycrystalline silicon and monocrystal silicon for solar energy use has started construction in the Baotou Rare Earth High-tech Zone in north China’s Inner Mongolia Autonomous Region.
The project, launched by the Beijing Zhongjing Huaye Technology Co Ltd, has a total investment of 1.23 billion yuan, of which 1.03 billion yuan are funds for fixed assets.
Upon completion, the project is expected to generate sales revenue of 4.82 billion yuan, and total taxes and profits of 2.43 billion yuan.
It is designed to be constructed in three phases. The first phase construction has an investment of 197 million yuan, and an area of more than six hectares, which will be completed and start production in the first quarter of 2008, with designed production capacity of 32.40 million pieces of polycrystalline silicon wafer, and sales revenue of 2.75 billion yuan.
The second phase construction will start in April of 2008 with an investment of 140 million yuan. It is designed to become operational in the end of 2008, with designed capacity of 10.80 pieces of polycrystalline silicon wafer and sales revenue of 864 million yuan.
The third phase construction will start in the end of 2008 and operation in the end of 2010, with production capacity of 1,200 tons of polycrystalline silicon for solar energy use.
Baotou city has rich resources of silicon ore, with verified reserves of 220 million tons.
The Beijing Zhongjing Huaye Technology Co Ltd is a state-owned import and export company under the China National Arts & Crafts ( Group) Corporation.
HOHHOT, Sept. 12 (CEIS) – A large project for production of polycrystalline silicon and monocrystal silicon for solar energy use has started construction in the Baotou Rare Earth High-tech Zone in north China’s Inner Mongolia Autonomous Region.
The project, launched by the Beijing Zhongjing Huaye Technology Co Ltd, has a total investment of 1.23 billion yuan, of which 1.03 billion yuan are funds for fixed assets.
Upon completion, the project is expected to generate sales revenue of 4.82 billion yuan, and total taxes and profits of 2.43 billion yuan.
It is designed to be constructed in three phases. The first phase construction has an investment of 197 million yuan, and an area of more than six hectares, which will be completed and start production in the first quarter of 2008, with designed production capacity of 32.40 million pieces of polycrystalline silicon wafer, and sales revenue of 2.75 billion yuan.
The second phase construction will start in April of 2008 with an investment of 140 million yuan. It is designed to become operational in the end of 2008, with designed capacity of 10.80 pieces of polycrystalline silicon wafer and sales revenue of 864 million yuan.
The third phase construction will start in the end of 2008 and operation in the end of 2010, with production capacity of 1,200 tons of polycrystalline silicon for solar energy use.
Baotou city has rich resources of silicon ore, with verified reserves of 220 million tons.
The Beijing Zhongjing Huaye Technology Co Ltd is a state-owned import and export company under the China National Arts & Crafts ( Group) Corporation.
Wednesday, September 12, 2007
Vice Premier: China to vigorously promote energy conservation
www.chinaview.cn 2007-09-11 20:54:36
BEIJING, Sept. 11 (Xinhua) -- China will vigorously promote energy conservation and emissions reduction to tackle climate change and promote sustainable development, Vice Premier Zeng Peiyan said on Tuesday.
"In order to ease the conflict between economic development and environmental protection, China will stick to the concept of human-oriented and scientific development," Zeng told the opening ceremony of an international forum of Nobel laureates and world-renowned economists.
China would pay more attention to "the expansion of domestic demand, the development of primary and tertiary industries, innovation and technological progress", he said.
The government would adjust the development mode mainly through energy conservation and emissions reduction, Zeng said, adding it would actively promote the use of renewable energy such as hydropower, wind energy, biomass energy and solar energy and the development of nuclear power.
"The proportion of renewable energy in overall energy consumption should rise from the current eight percent to 15 percent in 2020," he said.
Thermal power and iron and steel industries with high energy consumption and pollution would be eliminated at a faster speed, while energy-efficient buildings and environmental-friendly light bulbs would become dominant, Zeng said, calling for development of the recycling economy and efficient use of the energy resources.
Forest coverage would be increased from 18.2 percent in 2005 to20 percent in 2010, he said, adding frontier technologies such as hydrogen fuel cell and carbon absorption would be developed to support environmental protection.
A resource tax and pricing system, a user-pays mechanism for mineral resources and an environment compensation system should be established with improved laws and regulations to build an energy-saving and environment-friendly society, he added.
Nine Nobel laureates and five world-renowned scientists, including Robert Mundell, Edmund Phelps, Richard Schrock and Thomas Schelling, are meeting from Sept. 11 to 14 to discuss energy efficiency with 600 Chinese scientists, officials and experts.
They are expected to give more than 50 lectures on topics such as solar energy and its market development, global warming and the reduction in greenhouse gases in Beijing.
BEIJING, Sept. 11 (Xinhua) -- China will vigorously promote energy conservation and emissions reduction to tackle climate change and promote sustainable development, Vice Premier Zeng Peiyan said on Tuesday.
"In order to ease the conflict between economic development and environmental protection, China will stick to the concept of human-oriented and scientific development," Zeng told the opening ceremony of an international forum of Nobel laureates and world-renowned economists.
China would pay more attention to "the expansion of domestic demand, the development of primary and tertiary industries, innovation and technological progress", he said.
The government would adjust the development mode mainly through energy conservation and emissions reduction, Zeng said, adding it would actively promote the use of renewable energy such as hydropower, wind energy, biomass energy and solar energy and the development of nuclear power.
"The proportion of renewable energy in overall energy consumption should rise from the current eight percent to 15 percent in 2020," he said.
Thermal power and iron and steel industries with high energy consumption and pollution would be eliminated at a faster speed, while energy-efficient buildings and environmental-friendly light bulbs would become dominant, Zeng said, calling for development of the recycling economy and efficient use of the energy resources.
Forest coverage would be increased from 18.2 percent in 2005 to20 percent in 2010, he said, adding frontier technologies such as hydrogen fuel cell and carbon absorption would be developed to support environmental protection.
A resource tax and pricing system, a user-pays mechanism for mineral resources and an environment compensation system should be established with improved laws and regulations to build an energy-saving and environment-friendly society, he added.
Nine Nobel laureates and five world-renowned scientists, including Robert Mundell, Edmund Phelps, Richard Schrock and Thomas Schelling, are meeting from Sept. 11 to 14 to discuss energy efficiency with 600 Chinese scientists, officials and experts.
They are expected to give more than 50 lectures on topics such as solar energy and its market development, global warming and the reduction in greenhouse gases in Beijing.
China Urges Electricity Suppliers to Buy 'Green' Power
by Ling Li
Starting this month, China's State Electricity Regulatory Commission (SERC) will assume nationwide oversight over power companies that are required under the country's renewable energy law to prioritize purchases of the maximum amount of 'green' electricity available in their coverage areas, according to a recent regulation released by SERC. This renewable power includes energy generated from sources such as hydropower, wind power, biomass, solar power, tidal power, and geothermal energy.
The regulation also details the authority, measures, and responsibilities necessary for SERC to facilitate the integration of renewable sources into power systems. It allows all renewable power facilities, with the exception of medium- and large-scale hydropower plants, to receive government subsidies in power pricing rather than having to participate in competitive bidding.
China adopted its first law on renewable energy in 2005 and has since issued several supplementary rules and regulations to boost the use of renewable energy. Yet renewable sources still account for only a very small portion of domestic power supply, mainly because of the high generation costs. The cost of electricity generated from solar power, for example, is some 3 yuan [US$ 0.39] per kilowatt-hour, while that from a typical coal-fired power plant is only around 0.22 yuan [US$0.028] per kWh.
A supplementary regulation on renewable power pricing and cost sharing, authored by the National Development and Reform Committee, has helped break this cost bottleneck by requiring power suppliers on the grid to purchase renewable electricity at either a government-fixed or a government-directed price. The additional cost of renewable energy is to be borne by electricity users.
An extra "renewable energy" charge of 0.001 yuan [US $0.00013] for every unit of electricity has been added to household utility bills since June 2006.
China's rapid economic growth relies heavily on coal-fired power and poses a serious challenge to the nation's energy supply as well as to its natural resources and environmental quality. The central government has recognized the importance of promoting renewable energy as a fundamental national strategy to achieve the dual goals of energy efficiency and sustainable development.
According to China's middle- and long-term plan for renewable energy development, the share of renewables used in primary energy consumption is to be increased to roughly 10 percent by 2010 and nearly 16 percent by 2020, up from some 7 percent in 2005. "Green" electricity, meanwhile, is to account for some 6 percent and 8 percent of the nation's total power generation by 2010 and 2020, respectively.
The success of renewable energy typically requires both government supports and market incentives, according to some entrepreneurs in the power industry. They argue that in addition to the current price subsidy, the Chinese government needs to further develop a mix of strong policies to encourage renewable power generation, such as providing loans or tax credits to green power producers.
Starting this month, China's State Electricity Regulatory Commission (SERC) will assume nationwide oversight over power companies that are required under the country's renewable energy law to prioritize purchases of the maximum amount of 'green' electricity available in their coverage areas, according to a recent regulation released by SERC. This renewable power includes energy generated from sources such as hydropower, wind power, biomass, solar power, tidal power, and geothermal energy.
The regulation also details the authority, measures, and responsibilities necessary for SERC to facilitate the integration of renewable sources into power systems. It allows all renewable power facilities, with the exception of medium- and large-scale hydropower plants, to receive government subsidies in power pricing rather than having to participate in competitive bidding.
China adopted its first law on renewable energy in 2005 and has since issued several supplementary rules and regulations to boost the use of renewable energy. Yet renewable sources still account for only a very small portion of domestic power supply, mainly because of the high generation costs. The cost of electricity generated from solar power, for example, is some 3 yuan [US$ 0.39] per kilowatt-hour, while that from a typical coal-fired power plant is only around 0.22 yuan [US$0.028] per kWh.
A supplementary regulation on renewable power pricing and cost sharing, authored by the National Development and Reform Committee, has helped break this cost bottleneck by requiring power suppliers on the grid to purchase renewable electricity at either a government-fixed or a government-directed price. The additional cost of renewable energy is to be borne by electricity users.
An extra "renewable energy" charge of 0.001 yuan [US $0.00013] for every unit of electricity has been added to household utility bills since June 2006.
China's rapid economic growth relies heavily on coal-fired power and poses a serious challenge to the nation's energy supply as well as to its natural resources and environmental quality. The central government has recognized the importance of promoting renewable energy as a fundamental national strategy to achieve the dual goals of energy efficiency and sustainable development.
According to China's middle- and long-term plan for renewable energy development, the share of renewables used in primary energy consumption is to be increased to roughly 10 percent by 2010 and nearly 16 percent by 2020, up from some 7 percent in 2005. "Green" electricity, meanwhile, is to account for some 6 percent and 8 percent of the nation's total power generation by 2010 and 2020, respectively.
The success of renewable energy typically requires both government supports and market incentives, according to some entrepreneurs in the power industry. They argue that in addition to the current price subsidy, the Chinese government needs to further develop a mix of strong policies to encourage renewable power generation, such as providing loans or tax credits to green power producers.
Tuesday, September 11, 2007
JA Solar Secures a New Long-Term Wafer Supply Agreement and Revised a Major Supply Agreement to Support the Growth
September 10, 2007: 07:48 AM EST
HEBEI, China, Sept. 10, 2007 (PRIME NEWSWIRE) -- JA Solar Holdings Co., Ltd. ("JA Solar", "the Company") (Nasdaq:JASO) today announced that it has entered a long-term wafer supply agreement with JiangSu Shunda Semiconductor Develop Co., Ltd. ("Shunda"). The Company also announced that it has revised the prepayment terms of its wafer supply contract with JingLong Group.
Under the terms of the Shunda agreement, Shunda will supply JA Solar with silicon wafers starting immediately. The monthly supply will increase through the duration of the 41-month contract. Total deliveries under the agreement can reach about 1.2GW. JA Solar will make a total prepayment of RMB 350 million (approximately US$46.4 million in three installments) for future deliveries.
Shunda is a wholly owned subsidiary of JiangSu Shunda Group Corporation located in Yangzhou, Jiangsu Province. JiangSu Shunda Group is a leading high-technology enterprise focusing on the PV market. The company's rapid expansion in recent years has enabled it to produce polysilicon, mono-crystalline ingots, and wafers. For more information please visit www.shundasolar.com.
Separately, in line with industry standards the Company has revised the monthly prepayment terms under its existing contract with JingLong Group. According to the revised contract, JA Solar made the full prepayment to JingLong Group of RMB 300 million (approximately US$39.8 Million) on August 31, 2007. JingLong Group will apply the prepayment against shipments to JA Solar on a ratio of RMB 10 per wafer shipped starting on January 1, 2008. As one of the primary suppliers of JA Solar, JingLong Group has shipped a total of 30.9 million wafers to JA Solar in the past twelve months.
"These contracts further strengthen our long-term wafer supply and will help enable us to meet the company's growth objectives as we work to satisfy ever-demanding market needs," said, Samuel Yang, Chief Executive Officer of JA Solar. "We will continue to work with our entire supply chain to build key strategic relationships to ensure product quality, supply stability and the economics required for us to sustain target growth and profitability."
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 http://www.jasolar.com.
HEBEI, China, Sept. 10, 2007 (PRIME NEWSWIRE) -- JA Solar Holdings Co., Ltd. ("JA Solar", "the Company") (Nasdaq:JASO) today announced that it has entered a long-term wafer supply agreement with JiangSu Shunda Semiconductor Develop Co., Ltd. ("Shunda"). The Company also announced that it has revised the prepayment terms of its wafer supply contract with JingLong Group.
Under the terms of the Shunda agreement, Shunda will supply JA Solar with silicon wafers starting immediately. The monthly supply will increase through the duration of the 41-month contract. Total deliveries under the agreement can reach about 1.2GW. JA Solar will make a total prepayment of RMB 350 million (approximately US$46.4 million in three installments) for future deliveries.
Shunda is a wholly owned subsidiary of JiangSu Shunda Group Corporation located in Yangzhou, Jiangsu Province. JiangSu Shunda Group is a leading high-technology enterprise focusing on the PV market. The company's rapid expansion in recent years has enabled it to produce polysilicon, mono-crystalline ingots, and wafers. For more information please visit www.shundasolar.com.
Separately, in line with industry standards the Company has revised the monthly prepayment terms under its existing contract with JingLong Group. According to the revised contract, JA Solar made the full prepayment to JingLong Group of RMB 300 million (approximately US$39.8 Million) on August 31, 2007. JingLong Group will apply the prepayment against shipments to JA Solar on a ratio of RMB 10 per wafer shipped starting on January 1, 2008. As one of the primary suppliers of JA Solar, JingLong Group has shipped a total of 30.9 million wafers to JA Solar in the past twelve months.
"These contracts further strengthen our long-term wafer supply and will help enable us to meet the company's growth objectives as we work to satisfy ever-demanding market needs," said, Samuel Yang, Chief Executive Officer of JA Solar. "We will continue to work with our entire supply chain to build key strategic relationships to ensure product quality, supply stability and the economics required for us to sustain target growth and profitability."
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 http://www.jasolar.com.
Monday, September 10, 2007
Solar Millennium AG and Inner Mongolia Lvneng New Energy establish joint venture in China
-Feasibility study for the first parabolic trough power plant in China
-Start of construction planned for next year
-Flagsol technology subsidiary crucial to creation of feasibility study
Erlangen/Hohhot (China), August 22, 2007. Solar Millennium AG, Erlangen (ISIN: DE0007218406), together with Inner Mongolia Lvneng New Energy Co. Ltd., has founded a company with headquarters in Hohhot in the People’s Republic of China. Both companies each own 50 percent of the new company Inner Mongolia STP Development Co. Ltd. based in Hohhot. The joint venture was established for the development and construction of the first parabolic trough power plant in China. The first step is the commissioning of a feasibility study expected to be completed by mid-2008. Once a positive result from the study has been obtained, the realisation of the solar thermal power plant is planned immediately.
The joint venture is the first result of the framework agreement signed last year in the presence of the Chinese Prime Minister Wen Jiabao, German Chancellor Angela Merkel and the German Federal Minister of Economics and Technology Michael Glos. This agreement stipulates the construction of solar thermal power plants with a total output of 1,000 megawatts by Solar Millennium and two Chinese companies.
This planned first project covers the construction of a parabolic trough power plant with an output of 50 megawatts in Inner Mongolia. The project was already included in China's current five-year plan and is meant to be an example for the use of such technology in China. Three alternative locations are considered as part of the feasibility study. Flagsol GmbH, the technology subsidiary of Solar Millennium AG, has been commissioned to carry out large parts of the feasibility study and will pay special attention to the design of the solar field.
Solar Millennium Chairman of the Board, Christian Beltle, comments: "We want to start with the construction of the first parabolic trough power plant in China as early as next year. Solar Millennium AG has successfully developed the first parabolic trough power plants in Europe and will now be able to construct the first solar thermal power plants in China. Constructing this power plant in a joint venture with our Chinese partners as an example of sustainable power generation in this region - a region that is characterized by rapidly increasing energy consumption - is a great honor for us."
Each parent company will provide half of the management of the joint venture.
About Solar Millennium AG:
Solar Millennium AG, Erlangen, is a globally active company in the renewable energy sector, with its main focus on solar thermal power plants. Solar Millennium specializes in parabolic trough power plants - a reliable, proven technology in which the company is a worldwide leader. The company covers all important business sectors of the value-added chain for solar thermal power plants, from project development to technology and the turn-key construction of power plants, to the operation and ownership of power plants. In Spain, Solar Millennium developed Europe's first ever parabolic trough power plants, two of which are already under construction. Further projects are planned with a capacity of several hundred Megawatts are located worldwide, with the focus upon Spain, the USA, China and North Africa. The company is also developing solar chimney power plants, with the aim of making this technology ready for the market.
About Inner Mongolia Lvneng New Energy Co. Ltd.:
The Inner Mongolia Lvneng New Energy Co. Ltd., with headquarters in Hohhot in the People’s Republic of China, specializes in renewable energies. The company, which was established by national research institutes and Inner Mongolia Ruyi Industrial Stock Co. Ltd. (a company in the energy trading and resource sector), has considerable project management, project development and project consulting experience in the renewable energy sector, especially concerning wind energy.
About the technology:
Solar thermal power plants generate electricity using heat energy captured from solar radiation. In a parabolic trough power plant, trough-shaped mirrors concentrate the sun rays onto a pipe in the focal line of the collector. Their absorption causes a heat transfer fluid to be heated in the pipe, generating steam in the power block by way of heat exchange. As with conventional power stations, the steam is utilized in a turbine to generate power; by integration of thermal storage, this power can then be supplied on demand. Thus, solar power plants can also generate electricity after sunset.
-Start of construction planned for next year
-Flagsol technology subsidiary crucial to creation of feasibility study
Erlangen/Hohhot (China), August 22, 2007. Solar Millennium AG, Erlangen (ISIN: DE0007218406), together with Inner Mongolia Lvneng New Energy Co. Ltd., has founded a company with headquarters in Hohhot in the People’s Republic of China. Both companies each own 50 percent of the new company Inner Mongolia STP Development Co. Ltd. based in Hohhot. The joint venture was established for the development and construction of the first parabolic trough power plant in China. The first step is the commissioning of a feasibility study expected to be completed by mid-2008. Once a positive result from the study has been obtained, the realisation of the solar thermal power plant is planned immediately.
The joint venture is the first result of the framework agreement signed last year in the presence of the Chinese Prime Minister Wen Jiabao, German Chancellor Angela Merkel and the German Federal Minister of Economics and Technology Michael Glos. This agreement stipulates the construction of solar thermal power plants with a total output of 1,000 megawatts by Solar Millennium and two Chinese companies.
This planned first project covers the construction of a parabolic trough power plant with an output of 50 megawatts in Inner Mongolia. The project was already included in China's current five-year plan and is meant to be an example for the use of such technology in China. Three alternative locations are considered as part of the feasibility study. Flagsol GmbH, the technology subsidiary of Solar Millennium AG, has been commissioned to carry out large parts of the feasibility study and will pay special attention to the design of the solar field.
Solar Millennium Chairman of the Board, Christian Beltle, comments: "We want to start with the construction of the first parabolic trough power plant in China as early as next year. Solar Millennium AG has successfully developed the first parabolic trough power plants in Europe and will now be able to construct the first solar thermal power plants in China. Constructing this power plant in a joint venture with our Chinese partners as an example of sustainable power generation in this region - a region that is characterized by rapidly increasing energy consumption - is a great honor for us."
Each parent company will provide half of the management of the joint venture.
About Solar Millennium AG:
Solar Millennium AG, Erlangen, is a globally active company in the renewable energy sector, with its main focus on solar thermal power plants. Solar Millennium specializes in parabolic trough power plants - a reliable, proven technology in which the company is a worldwide leader. The company covers all important business sectors of the value-added chain for solar thermal power plants, from project development to technology and the turn-key construction of power plants, to the operation and ownership of power plants. In Spain, Solar Millennium developed Europe's first ever parabolic trough power plants, two of which are already under construction. Further projects are planned with a capacity of several hundred Megawatts are located worldwide, with the focus upon Spain, the USA, China and North Africa. The company is also developing solar chimney power plants, with the aim of making this technology ready for the market.
About Inner Mongolia Lvneng New Energy Co. Ltd.:
The Inner Mongolia Lvneng New Energy Co. Ltd., with headquarters in Hohhot in the People’s Republic of China, specializes in renewable energies. The company, which was established by national research institutes and Inner Mongolia Ruyi Industrial Stock Co. Ltd. (a company in the energy trading and resource sector), has considerable project management, project development and project consulting experience in the renewable energy sector, especially concerning wind energy.
About the technology:
Solar thermal power plants generate electricity using heat energy captured from solar radiation. In a parabolic trough power plant, trough-shaped mirrors concentrate the sun rays onto a pipe in the focal line of the collector. Their absorption causes a heat transfer fluid to be heated in the pipe, generating steam in the power block by way of heat exchange. As with conventional power stations, the steam is utilized in a turbine to generate power; by integration of thermal storage, this power can then be supplied on demand. Thus, solar power plants can also generate electricity after sunset.
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