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.

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.

( 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

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

Report: China to increase solar water heater coverage by 50% by 2010 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.