Thursday, July 12, 2007

China Sunergy rises on patent announcement

July 12, 2007

The week's solar stock euphoria continued with an announcement today from China Sunergy (NASDAQ: CSUN) that it has received patent approval on a new N-type solar cell.

Shares of China Sunergy are up 5 percent, or $0.64, to $11.80 this morning. The stock had slid the last two weeks from its post-IPO high of almost $14。

The State Intellectual Property Office of The People's Republic Of China ("SIPO") approved a patent for 20 years on the company's new N-cell design.

China Sunergy commericalizes both P and N-type materials, both of them traditionally used in "p-n junction" solar cells, the most common sort of solar cell.

China Sunergy has also submitted a patent application to SIPO for P-type selective emitter cell technology and expects approval in 2009.

''Our strong new product pipeline, which will include P-type selective emitter cells and N-type cells, and the exciting progress in commercializing the former, is giving us confidence that we will be one of the technology leaders in the years ahead. Furthermore, this will also help us address the raw material supply tightness that the industry is experiencing at the moment," said Tingxiu Lu, Chairman and CEO of China Sunergy.

China Sunergy sells solar cell products to Chinese and other module manufacturers and system integrators, who assemble solar cells into solar modules and solar power systems for use in various markets.

It's been a generally great week for Asian and other solar stocks, with customer wins and other positive news driving many in the sector upwards

Baoding, China: Yingli Green Energy Wins Spanish Sales Contract

July 2, 2007

Yingli Green Energy, a vertically integrated photovoltaic, or PV, product manufacturer in China, has entered into a sales contract with Control y Montages Industriales CYMI S.A. ("CYMI") to supply 9.55 megawatts of PV modules to CYMI in 2007.

Mr. Liansheng Miao, the chairman and CEO of Yingli Green Energy, commented, "We are very pleased to announce this significant transaction in Spain, which further solidifies our market position and grows our market share in Spain, one of our most important markets, and demonstrates our capability in expanding our reach into the southern European markets as a result of increasing recognition of our brand and product quality. Due to the country's favorable feed-in tariffs and significant exposure to sunshine throughout the year, the PV market in Spain has grown rapidly in recent years. We believe that this will likely continue to provide us with opportunities."

Yingli Green Energy Holding Company Limited, through Baoding Tianwei Yingli New Energy Resources Co., Ltd., its principal operating subsidiary based in China, Yingli Green Energy designs, manufactures and sells PV modules, and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or those that operate on a stand-alone basis. With an annual production capacity of 95 megawatts of polysilicon ingots and wafers, 90 megawatts of PV cells and 100 megawatts of PV modules as of today.

China Solar Cell Production Output in 2007 will reach 1GW

In 2006 China solar cell production output was 385MW, 15% of the global total ouput. And it is estimated that in 2007 China solar cell production output will reach 1GW, 25% of the global total ouput.