Monday, November 19, 2007

Canadian Solar to Deliver 60MW Solar modules for Projects in Spain

November 16, 2007: 07:48 AM EST

JIANGSU, China, Nov. 16 /Xinhua-PRNewswire/ -- Canadian Solar Inc. ("the Company'', or ''CSI'') announced that it has signed a new contract with German City Solar Group to deliver 60MW of solar modules for a series of solar power station projects in Spain. Shipment will start immediately. Installations are expected to be completed by the Summer of 2008.

CSI has recently completed the delivery of 11.7 MW solar modules to City Solar for three large-scale solar power projects in Germany. The new 60 MW contract will expand the collaborations between the two companies from Germany to Spain, one of the fastest growing and strategically most important solar markets in the world.

CSI expects to introduce its PC200 new module type with City Solar. This new module product is capable of delivering 200-240W of output per unit and is specially designed to promote the maximum performance of City Solar's state- of-arts solar tracker systems.

Dr. Shawn Qu, CEO of CSI, commented, ''The expansion of our collaboration with City Solar is the latest example of the repeat orders we are winning from key customers in an important market segment. The combination of CSI's high- performance modules in City Solar system designs and project management has quickly gained market recognition for our two companies as one of the top- notch one-stop shopping solutions for high performance solar power plants.''
Mr. Steffen Kammler, CEO of City Solar, AG, commented, ''City Solar is one of the leading solar plant project management companies in Europe. City Solar's vast experience in large-scale solar plant project development, planning, implementation and financing arrangement has brought turn-key solutions to commercial renewable energy investors. We have developed unique solar tracking technologies to maximize solar module performance. We have so far implemented several solar farm projects in Germany using CSI modules and we are much impressed by CSI's superior module quality, after service technical support and its highly efficient and effective management team. We will continue to work closely with Canadian Solar for our future projects.''

About Canadian Solar Inc.

Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar cell, solar module and customer-designed solar application products serving worldwide customers. CSI is incorporated in Canada and conducts all of its manufacturing operations in China. Backed by years of experience and knowledge in the solar power market and the silicon industry, CSI has become a major global provider of solar power products for a wide range of applications. For more information, please visit .

About City Solar, AG

City Solar AG is a leading player in the field of industrial scale photovoltaic power plants. The company was founded in 2003 and has its headquarters in Bad Kreuznach, Germany. City Solar隆盲s core business is the design, construction, and operation of solar power plants. In addition to activities in Germany, City Solar is becoming increasingly involved in Europe - particularly in Spain, Italy and Greece. In Beneixama, Spain, the company built the world's largest PV power plant with a nominal power of 20 MW completed in September 2007. Moreover in October City Solar received the ''German Solar Award 2007''. The company directs a great part of its efforts to its own R+D activities. This department has developed and patented a new process to produce solar grade silicon. For more information, please visit .

Report: China nears renewable goals

WASHINGTON, Nov. 16 China is on its way to meeting its renewable energy goals, according to the Washington-based Worldwatch Institute.

The country is on track to acquire 15 percent of its energy from renewable sources by 2020, while the United States is not as far in its transition away from fossil fuels, according to a report released in Washington this week.

Countries worldwide invested more than $50 billion collectively into renewable energy conversion last year, and in 2007 China alone is expected to account for some $10 billion of investment, according to the report, "Powering China's Development: The Role of Renewable Energy."

"The future of the global climate may rest in large measure on China's ability to lead the world into the age of renewable energy, much as the United States led the world into the age of oil roughly a century ago," said Worldwatch President Christopher Flavin.

While the Chinese government advances closer towards its renewable energy goals, the U.S. Congress has just recently begun discussing energy legislation.

The terms in question would mandate a 35-mile-per-gallon fuel efficiency standard for the U.S. fleet of cars and light trucks; expand renewable energy tax incentives; and mandate that a 15-percent share of the nation's energy come from renewable sources by 2020, China Daily reported.Copyright 2007 by UPI

China's XinAo Group to Manufacture 500MW of Solar Cells Each Year

XinAo Group, a leading energy company of China, announced its entry to the photovoltaic business Nov 14, 2007. Constructing a plant for thin-film solar cell module production in China, the company said it is aiming to produce 500MW worth of products each year.

XinAo Group plans to introduce the "Applied SunFab" solar cell module production lines manufactured by Applied Materials Inc (AMAT) of the US. This production line uses 5.7m2 (8.5-generation) glass substrates. One line is capable of manufacturing 50MW-equivalent tandem solar cell modules per year, according to the company.

XinAo Group is engaged in the refinement of coal, oil and natural gas, among other businesses. It holds 20,000 employees and more than 100 group companies.

SYP to supply polysilicon to Trina through 2013

Filed from Houston 11/14/2007 4:51:55 AM GMT

CHINA: Trina Solar Ltd. signed a six-year polysilicon supply agreement with Sichuan Yongxiang Polysilicon Co. Ltd. (SYP). Under the agreement, SYP will supply Trina with virgin polysilicon sufficient to produce approximately 1,300 MW of modules. Deliveries under the agreement will begin in mid-2008 and continue through 2013.

With this contract and the company's existing supply agreements, Trina has now secured approximately 70 percent of the polysilicon required for its planned production in 2008. SYP is in the advanced stages of building an 11,000-ton (10,000-tonne) polysilicon production facility with an initial phase of 1,100 tons (1,000 tonnes) launching next year.