Wednesday, December 19, 2007

JA Solar Inks New Wafer Supply Agreement With ReneSola

December 18, 2007: 08:17 AM EST

HEBEI, China, Dec. 18, 2007 (PRIME NEWSWIRE) -- JA Solar Holdings Co., Ltd. ("JA Solar," "the Company") (Nasdaq:JASO) today announced that it has signed a new wafer supply agreement with ReneSola Ltd. ("ReneSola") (LSE:SOLA). Under the new agreement, ReneSola will supply an additional 600MW of wafers to JA Solar from 2008 to 2013. This latest agreement is in addition to the 60MW wafer supply agreement with ReneSola the Company announced in September 2007.

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

Solar EnerTech Enters Into Sales Contract With Sky Solar

December 18, 2007: 08:00 AM EST

Solar EnerTech Corp. (OTCBB: SOEN) (the "Company") today announced that it has entered into a sales contract with Sky Solar (Hong Kong) International Co., Ltd., a subsidiary of Sky Global Group to distribute solar modules. Sky Global Group is a global distributor and system integrator of solar panels.

The total shipment to Sky Solar under the contract amounts to approximately US$21.8 million. Shipments, aimed for solar power installations in Spain, are scheduled to be delivered over a 5-month period beginning in December 2007, with the majority of solar module shipments scheduled for the Company's 2008 fiscal second quarter.

Mr. Leo Young, Chief Executive Officer of Solar EnerTech commented, "We are quite pleased to commence shipments of our solar modules to one of the largest solar system integrators in Europe. This sales order is our largest to date and will provide us with stronger revenue growth in the first half of fiscal 2008. This contract demonstrates that our solar modules meet the quality standards of leading solar system integrators and distributors around the world. We welcome this growth opportunity to increase our presence in the global solar market."

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. The Company plans to install a second 25 Mw production line to better utilize the capacity of the plant and to meet expected future customer demand.

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 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 also has a marketing, purchasing and distribution arm in Northern California's Silicon Valley.

Suntech Chairman and CEO Dr. Zhengrong Shi Named China's 2007 Green Person of the Year

December 18, 2007: 08:00 AM EST

SAN FRANCISCO, Calif., Dec. 18 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced that Dr. Zhengrong Shi, Suntech's Chairman and CEO, has been named one of China's Green Persons of the Year for his outstanding contribution to environmental protection initiatives and environmental awareness within China. The award was presented to Dr. Shi and eight other recipients at a ceremony held in Beijing on December 14, 2007.

The national award, sponsored by seven Chinese government institutions including the State Environmental Protection Administration, Central Propaganda Department, National Environmental Protection Committee, Population, Resources and Environment Committee of the CPPCC, Ministry of Culture, State Administration of Radio, and the Chinese Communist Youth League and supported by the United Nations Environmental Program, is China's highest honor for those that make exceptional contributions to environmental protection. Dr. Shi and eight others were chosen to receive the award after a nationwide selection process that combined results from internet polling, media surveys and opinions from a panel of experts.

"I am honored to receive this national accolade for environmental protection," said Dr. Zhengrong Shi. "The increasing symptoms of climate change are a concern not just for China, but the entire world and I believe that it is our responsibility, both as individuals and as corporations, to proactively support initiatives that conserve our environment and encourage sustainable development. I have no doubt that solar power will play a critical role in this broader environmental conservation movement, and Suntech will continue to drive technology advancements to reduce cost and facilitate the widespread adoption of solar power."

Suntech plays a leading role in the development of green initiatives in China through sponsorship of environmental protection programs, participation in the design and installation of solar projects, and continuous education of Chinese constituents. Dr. Shi personally devotes over 20 percent of his time to meeting with Chinese government officials, business leaders, academics and citizens to build awareness about climate change and global warming.

Suntech's commitment to the highest standards of resource conservation and environmental protection extend to its own facilities. Suntech is currently constructing its new headquarters in Wuxi, China which will incorporate a wide variety of environmentally friendly architectural techniques including geothermal heating, convection cooling, extensive use of natural light, rain water recycling, and a 1MW solar fa?ade that are designed to ensure that the building will generate 85% of its energy needs from renewable sources.