FRANKFURT, Dec 10 (Reuters) - German solar cell maker Q-Cells (QCEG.DE: Quote, Profile, Research) set up a ten-year supply deal for solar wafers with LDK Solar (LDK.N: Quote, Profile, Research) to secure future growth, the company said on Monday.
The contract runs from 2009 to 2018 and the total volume will enable Q-Cells to manufacture cells with an overall output of more than 6 gigawatt peak additional to current expansion plans, it said.
While parts of the pricing of the wafers will be fixed for 2009 and 2010, the fixed pricing element can be adjusted to market conditions thereafter, Q-Cells said. (Reporting by Eva Kuehnen)
Monday, December 10, 2007
Chairman Light DK Peng Receives 'The Most Admired Entrepreneur of 2007' Award
XINYU CITY, China and SUNNYVALE, Calif., Dec. 7 /PRNewswire-FirstCall/ --
LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of multicrystalline
solar wafers, announced that on December 1st, 2007, Light DK Peng, Chairman
and CEO of LDK Solar, was presented with "The Most Admired Entrepreneur of
2007" award at the "Annual Meeting of Chinese Management 2007," held by
YingCai publisher, Sina.Com, at the JW Marriott Hotel. Beijing Youth Daily
Group, the Economic Channel of CCTV, Shangdong TV, and other major media
sources from the Beijing area were in attendance.
In June 2007, LDK Solar, led by Chairman Light DK Peng, listed its stock
on the New York Stock Exchange. Chairman Peng founded the company with the
goal of being a world-class solar wafer manufacturer. The main Chinese media
groups elected Chairman Light DK Peng "The Most Admired Entrepreneur of 2007"
for making an outstanding contribution to the alternative energy industry.
Shi Guangsheng, the Vice Director of Finance and Economics Committee of
National People's Congress, Chen Zuoer, Executive Vice Director of Hong Kong
and Macao State Council offices, and Zhai Huisheng, the Committee Secretary of
National Journalists' Association presented the award to Chairman Light DK
Peng.
The "Annual Meeting of Chinese Management" was launched in 2001, and this
year focused on identifying the most experienced and successful managerial
talent in China. These leaders were selected for their significant
contributions to enterprise development as well as to their contributions to
society.
Each year, the panel at the "Annual Meeting of Chinese Management"
consists of hundreds of national leaders, including senior officials, domestic
and international business leaders, senior media, and scholar representatives.
The event therefore creates a forum for the most influential executives and
entrepreneurs to promote progressive and conscientious management practices.
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.
LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of multicrystalline
solar wafers, announced that on December 1st, 2007, Light DK Peng, Chairman
and CEO of LDK Solar, was presented with "The Most Admired Entrepreneur of
2007" award at the "Annual Meeting of Chinese Management 2007," held by
YingCai publisher, Sina.Com, at the JW Marriott Hotel. Beijing Youth Daily
Group, the Economic Channel of CCTV, Shangdong TV, and other major media
sources from the Beijing area were in attendance.
In June 2007, LDK Solar, led by Chairman Light DK Peng, listed its stock
on the New York Stock Exchange. Chairman Peng founded the company with the
goal of being a world-class solar wafer manufacturer. The main Chinese media
groups elected Chairman Light DK Peng "The Most Admired Entrepreneur of 2007"
for making an outstanding contribution to the alternative energy industry.
Shi Guangsheng, the Vice Director of Finance and Economics Committee of
National People's Congress, Chen Zuoer, Executive Vice Director of Hong Kong
and Macao State Council offices, and Zhai Huisheng, the Committee Secretary of
National Journalists' Association presented the award to Chairman Light DK
Peng.
The "Annual Meeting of Chinese Management" was launched in 2001, and this
year focused on identifying the most experienced and successful managerial
talent in China. These leaders were selected for their significant
contributions to enterprise development as well as to their contributions to
society.
Each year, the panel at the "Annual Meeting of Chinese Management"
consists of hundreds of national leaders, including senior officials, domestic
and international business leaders, senior media, and scholar representatives.
The event therefore creates a forum for the most influential executives and
entrepreneurs to promote progressive and conscientious management practices.
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.
SunPower and Jiawei SolarChina Sign Silicon Ingot Pulling and Wafer Agreement
SAN JOSE, Calif., Dec. 7 /PRNewswire-FirstCall/ -- SunPower Corporation
(Nasdaq: SPWR), a Silicon Valley-based manufacturer of high-efficiency solar
cells, solar panels and solar systems, today announced that it has signed a
five-year agreement with Jiawei SolarChina Co., Ltd. (Jiawei) to secure a
supply of monocrystalline silicon ingots and silicon wafers.
Jiawei is affiliated with SunEnergy, SunPower's solar panel assembly
partner, and plans to scale its operations to 200 ingot pullers in Beijing,
China. Beginning in 2008, SunPower will purchase sufficient silicon in ingot
and wafer forms to satisfy production requirements that represent more than
900 megawatts of solar cell production based on SunPower's expected silicon
utilization during the agreement period and subject to contract conditions.
SunPower will provide polysilicon to Jiawei during the life of this agreement.
"Our partnership with Jiawei will diversify our upstream supply chain,"
said PM Pai, chief operating officer at SunPower Corp. "As we scale and
expand our silicon supply base into China, we are pleased to extend our
relationship with our partner, Jiawei."
About SunPower
SunPower Corporation (Nasdaq: SPWR) designs, manufactures and delivers
high-performance solar electric systems worldwide for residential, commercial
and utility-scale power plant customers. SunPower high-efficiency solar cells
and solar panels generate up to 50 percent more power than conventional solar
technologies and have a uniquely attractive, all-black appearance. With
headquarters in San Jose, Calif., SunPower has offices in North America,
Europe and Asia. For more information, visit www.sunpowercorp.com.
SunPower is a majority-owned subsidiary of Cypress Semiconductor Corp.
(NYSE: CY).
(Nasdaq: SPWR), a Silicon Valley-based manufacturer of high-efficiency solar
cells, solar panels and solar systems, today announced that it has signed a
five-year agreement with Jiawei SolarChina Co., Ltd. (Jiawei) to secure a
supply of monocrystalline silicon ingots and silicon wafers.
Jiawei is affiliated with SunEnergy, SunPower's solar panel assembly
partner, and plans to scale its operations to 200 ingot pullers in Beijing,
China. Beginning in 2008, SunPower will purchase sufficient silicon in ingot
and wafer forms to satisfy production requirements that represent more than
900 megawatts of solar cell production based on SunPower's expected silicon
utilization during the agreement period and subject to contract conditions.
SunPower will provide polysilicon to Jiawei during the life of this agreement.
"Our partnership with Jiawei will diversify our upstream supply chain,"
said PM Pai, chief operating officer at SunPower Corp. "As we scale and
expand our silicon supply base into China, we are pleased to extend our
relationship with our partner, Jiawei."
About SunPower
SunPower Corporation (Nasdaq: SPWR) designs, manufactures and delivers
high-performance solar electric systems worldwide for residential, commercial
and utility-scale power plant customers. SunPower high-efficiency solar cells
and solar panels generate up to 50 percent more power than conventional solar
technologies and have a uniquely attractive, all-black appearance. With
headquarters in San Jose, Calif., SunPower has offices in North America,
Europe and Asia. For more information, visit www.sunpowercorp.com.
SunPower is a majority-owned subsidiary of Cypress Semiconductor Corp.
(NYSE: CY).
Trina Solar gets one-bin USD capital injection
Friday, December 07, 2007; Posted: 01:37 AM
BEIJING, Dec 7, 2007 (Xinhua via COMTEX) -- Trina Solar Limited (TSL.NYSE), a Chinese private company in the solar energy industry, announced on December 6 that the company had been committed a capital injection of one billion US dollars from the government of Lianyungang, a port city in east China's Jiangsu Province.
This will help the company achieve a 10,000-ton polycrystalline silicon production capacity by the end of 2012.
In the third quarter of 2007, Trina Solar realized an operating turnover of 82.60 million dollars, slightly lower than the expected 82.80 million dollars, according to the company's Q3 financial report. Its Q3 gross margin reached 20.1 percent, down 6.1 percentage points year on year.
For strong market demand, the company is optimistic about its performance in 2008.
BEIJING, Dec 7, 2007 (Xinhua via COMTEX) -- Trina Solar Limited (TSL.NYSE), a Chinese private company in the solar energy industry, announced on December 6 that the company had been committed a capital injection of one billion US dollars from the government of Lianyungang, a port city in east China's Jiangsu Province.
This will help the company achieve a 10,000-ton polycrystalline silicon production capacity by the end of 2012.
In the third quarter of 2007, Trina Solar realized an operating turnover of 82.60 million dollars, slightly lower than the expected 82.80 million dollars, according to the company's Q3 financial report. Its Q3 gross margin reached 20.1 percent, down 6.1 percentage points year on year.
For strong market demand, the company is optimistic about its performance in 2008.
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