Friday, October 31, 2008

Report from 2008 Beijing Global Wind Power Conference and Exhibiton

On October 29th 2008 I went to visit 2008 Beijing Global Wind Power Exhibiton, the three day conference and exhibition was held at China International Exhibition Center Beijing China.

It was cloudy and cold on October 29th in Beijing, but the exhibiton was super hot, almost all the major international and China domestic wind power equipment manufacturers are presented there, too many visitors were attracted there also.

The wind turbine manufacturers are the focus of the exhibition, international major manufactures like GE, Repower, GAMESA, VESTAS, SUZLON, Nordex, SIEMENS, American Superconductor, and China domestic major and new suppliers like GoldWind, Sinovel, Windy, United Power, Tianwei Baobian, HAIZHUANG WINDPOWER, CSR ZHUZHOU ELECTRIC LOCOMOTIVE RESEARCH INSTITUTE, Guangzhou Engga, Harbin SQ Wind Power, HUNAN HARA XEMC WINDPOWER, and Shenyang TENWIND New Energy Equipment are very happy with the crowded visitors.

China wind power industry has obtained strong support from Chinese government, and almost all the good wind power farm locations are reserved or developped by the investors, and the power companies are required to buy all the generated wind power at a fixed price, and the price is different for different wind power projects.



Some small scale wind power generation systems are shown at the exhibition, they are ideal for small grid off application in remote regions.

At present wind power is the hottest renewable energy sector in China, since the wind electricity cost is not too high, and affordable for the remote applications.

Thursday, October 30, 2008

Hanwei updates wind power business

Thursday, October 30, 2008

VANCOUVER, Oct. 30 /CNW/ - Hanwei Energy Services Corp. ("Hanwei" or the "Company") today provided an update on its wind power business. The Company estimates that turbine production for 2008 will total approximately 40 turbines, based on its component delivery schedule. As previously reported, the Company has delivered 12 1.5MW turbines (four in Q1 2008, eight in Q2 2008), three sets of wind turbine blades and 30 towers (together in Q4 of 2007) under its initial contract with Daqing Deta Electric Co. Ltd. ("Deta"). Hanwei has completed an additional 8 turbines and 17 blades (5 and 2/3 sets) related to its initial contract for installation at Ruihao's wind farm and expects to deliver them in the fourth quarter of 2008.

Nine of the twelve turbines and towers and the three sets of turbine blades delivered to date have been installed at Heilongjiang Ruihao Energy Technology Co., Ltd.'s ("Ruihao") wind farm in Heilongjiang province, China and connected to Ruihao's substation and the local electrical grid for calibration and field-testing.

The Company has commenced production of turbines under the new 200MW contract with Ruihao, which was a component of its previously announced acquisition of Deta. Hanwei has integrated the Deta management team into its operations and is supplying equipment to Ruihao while awaiting final regulatory approval for the acquisition of Deta. Hanwei expects to complete and deliver an additional 20 turbines during the fourth quarter of 2008, for a total of 40 for all of 2008. Hanwei also expects to complete and deliver an additional 23 blades during the fourth quarter of 2008 for a total of approximately 40 blades (13 and 1/3 sets) for all of 2008.

To support the new 200MW order, Hanwei has invested approximately $31 million in prepaid inventory to mitigate some of the delays caused by high demand for component parts throughout the wind power industry. Hanwei has been successful to date in accessing working capital through debt facilities established with China based banks and lenders to support the ongoing capital requirements of the wind power operations. To improve supply chain management, Hanwei has created a dedicated purchasing and logistics group, which has successfully established supplier relationships with key China-based component and systems manufacturers. The group will manage all inventory procurement and coordinate key component deliveries.

Since establishing its wind power business in 2007, Hanwei has continuously improved its management, engineering, and production capabilities. Through a number of key hires recruited from some of China's largest wind power and engineering firms, Hanwei has assembled an experienced management team that has successfully ramped up production capacity, improved supply chain management and established numerous quality and production controls.

LDK Solar signs wafer supply contract with Helios

October 30, 2008


XINYU CITY, CHINA & SUNNYVALE, USA: LDK Solar Co. Ltd, a leading manufacturer of multicrystalline solar wafers, has signed a seven-year contract to supply multicrystalline solar wafers to Italy-based Helios Technology.

Under the terms of the agreement, LDK Solar will deliver approximately 70 MW of multicrystalline silicon solar wafers over a seven-year period, commencing in 2009 and extending through 2015. As part of the agreement, Helios Technology will make a prepayment representing a portion of the contract value to LDK Solar.

"We are very pleased to announce this long-term wafer supply contract with Helios Technology," stated Xiaofeng Peng, Chairman and CEO of LDK Solar. "As we continue to experience strong demand for our solar wafers, this particular agreement further expands LDK's presence in Europe and represents the increasing geographic diversity of our customer base."

Canadian Solar Also Wins China Mobile PV Contract

Oct 30, 2008

Canadian Solar Inc (Nasdaq: CSIQ) announced on Wednesday that it has won a bid for China Mobile's (NYSE: CHL, 941.HK) 2008 photovoltaic system integration that allows the company to provide more than 6.3% of China Mobile's total solar cell module requirement. Canadian Solar began providing photovoltaic power supply modules and installation to China Mobile's western base stations in 2005.

Yingli Green Energy (NYSE: YGE) and Jiangsu-based photovoltaic cell manufacturer Suntech (NYSE: STP) announced successful China Mobile bids earlier this month.

Wednesday, October 29, 2008

Yingli Green Energy and TUV Rheinland Sign Strategic Partnership MOU

Tuesday October 28, 5:00 am ET

BAODING, China--(BUSINESS WIRE)--Yingli Green Energy Holding Company Limited ("Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced that it has entered into a memorandum of understanding (the "MOU") with TÜV Rheinland (Shanghai) Co., Ltd. ("TÜV Rheinland") to form a strategic partnership covering a range of quality control initiatives at the Company. Under the proposed strategic partnership, TÜV Rheinland would conduct periodic factory inspections to review production, testing and calibration procedures and assist Yingli Green Energy in certification planning and execution to support new product introductions. In addition, Yingli Green Energy and TÜV Rheinland intend to develop and implement technical training programs for Yingli Green Energy employees.

"We are pleased to announce our intention to develop a long-term strategic partnership with TÜV Rheinland," said Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. "Yingli strongly believes that product quality is the fundamental foundation for creating sustainable customer satisfaction and loyalty, which we believe will continue to be one of the primary drivers of our success in terms of building a strong brand, achieving solid financial results and creating shareholder value. To support our aspirations to be a world-leading manufacturer of high-quality PV products we recognize the need to work with world experts to improve our quality standards and controls and we have selected TÜV Rheinland as our strategic partner."

"We appreciate Yingli's objective to enhance their quality standards and controls," said Mr. Gerhard Luebken, Managing Director of TÜV Rheinland Shanghai, "We are pleased to support Yingli in achieving their product quality aims by developing and delivering a range of services in cooperation with Yingli."

About Yingli Green Energy

Yingli Green Energy Holding Company Limited is one of the world's leading vertically integrated PV product manufacturers. Through the Company's principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co., Ltd., 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 operate on a stand-alone basis. With 400 MW of total annual production capacity in each of polysilicon ingots and wafers, PV cells and PV modules, Yingli Green Energy is currently one of the largest manufacturers of PV products in the world as measured by annual production capacity. Additionally, Yingli Green Energy is one of a limited number of large-scale PV companies in the world to have adopted a vertically integrated business model. Through its wholly owned subsidiary Yingli Energy (China) Co., Ltd., Yingli Green Energy currently plans to expand annual production capacity of polysilicon ingots and wafers, PV cells and PV modules to 600 MW by mid-2009. Yingli Green Energy sells PV modules under its own brand name, Yingli Solar, to PV system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, South Korea, Belgium, France, China and the United States. For more information, please visit www.yinglisolar.com.

Emei Semiconductor Material Put 500 Ton Polysilicon Production Line Online

2008 October 28th, Emei Semiconductor Material's 500 metric ton electronic grade polysilicon production line started mass production. In fact Emei Semiconductor Material began the trial production in September already.

Emei Semiconductor Material has plan to build three 1,500 metric ton polysilicon projects, the first project will begin production this December, the second will be completed by September 2009, the third project will be launched in 2009, and by the end of 2010 Emei Semiconductor Material will be able to produce 5,000 metric ton polysilicon per year.

Contract price of solar cells subject to possible price cuts for 2009

Nuying Huang, Taipei; Adam Hwang, DIGITIMES [Wednesday 29 October 2008]

While contract supply prices of solar cells for 2009 currently stand at US$2.8-3.1 per watt, a few makers of solar cells in Taiwan and China have offered lower quotes in negotiating 2009 supply contracts in an attempt to win contracts and thus obtain advance payment (usually 5% of the contract value), according to industry sources in Taiwan. Consequently, Taiwan-based makers of PV (photovoltaic) modules that are already signing supply contracts plan to ask suppliers of solar cells to lower contract prices, the sources pointed out.

In addition, price drops in the spot market for solar cells have brought pressure on contract suppliers of solar cells to reduce contract prices, the sources indicated. Spot market prices of solar cells have fallen from US$3.8/watt at the end of August 2008 to US$2.8-3.0/watt currently, approximately the same as contract prices, and are expected to drop further, the sources indicated.

If spot market prices of solar cells slip to below contract prices with a large enough gap, PV module makers subject to supply contracts will be willing to sacrifice 5% advance payment (due to default in contract) and procure less expensive solar cells in the spot market, the sources explained.

Tuesday, October 28, 2008

Wafer Works signs 8-year supply deal for silicon

Nuying Huang, Taipei; Adam Hwang, DIGITIMES [Tuesday 28 October 2008]

Wafer Works, a Taiwan-based producer of semiconductor-grade and solar-grade silicon wafers, on October 27 announced it has signed an 8-year contract with an international silicon material supplier for the period from January 2010 to December 2017.

The supply contract is primarily to meet demand for silicon material by Solargiga Energy, Wafer Works' subsidiary and a maker of solar-grade mono- and poly-crystalline silicon ingots/wafers in China, according to industry sources in Taiwan.

Solargiga is expanding its factory on a 4-hectare site located in Liaoning Province, northeastern China, with annual production capacity of monocrystalline silicon ingots/wafers to increase from an equivalent of 200MWp (megawatt-peak) currently to that of 400MWp in 2009, the sources pointed out. In addition, Solargiga will expand its annual production capacity of polycrystalline silicon ingots/wafers from an equivalent of less than 20MWp presently to that of 200MWp in 2009, the sources indicated.

Solargiga's total annual production capacity of crystalline silicon ingots/wafers in 2009 will reach an equivalent of 600MWp, with supply contracts and the spot market to each account for 50% of the needed silicon material, the sources noted.

Intel Capital to invest 20 mln usd in Trony Solar Holdings - UPDATE

BEIJING (XFN-ASIA) - Intel Capital, the global investment arm of US chip maker Intel Corp, said it will invest 20 mln usd in Trony Solar Holdings, a leading Chinese thin-film solar cell company.

Intel Capital said it will also invest in two other Chinese firms - NP Holdings Ltd, which is involved in massive electricity storage systems, and View High, a software provider for the healthcare industry.

It revealed no financial details about these two investments.

Stephen Eichenlaub, an Intel Capital managing director for emerging platform technologies and the clean technology sector said Trony Solar Holdings and NP Holdings are Intel's first Chinese cleantech investments.

Eichenlaub said that China's cleantech industry is experiencing rapid development and Intel Capital expects to focus more on the sector in future.

Cadol Cheung, Intel Capital managing director for the Asia and Pacific Region, said despite the global financial turmoil, Intel Capital remains committed to the China market and has no plans to slow down investment in the mainland.

Cheung said the 500 mln usd Intel Technology Fund II, which was launched in April, has invested in six projects so far, mostly as a strategic investor. The companies it invests in are seen as potential acquisition targets or listing candidates.

susan.wang@xfn.com - xfnzw/xfjamesa/xfaws/xfntm

28 October 2008

Solar EnerTech Completes Second Solar Cell Production Line

Posted on: Monday, 27 October 2008

MENLO PARK, Calif., Oct. 27 /Xinhua-PRNewswire-FirstCall/ -- Solar EnerTech Corp. (BULLETIN BOARD: SOEN) (the "Company") today announced that the Company recently completed the build out of its second solar cell production line. The new 25 MW solar cell production line is located at the Company's solar cell manufacturing facility in Shanghai and the addition of this new line doubles the company's solar cell production capacity from 25MW to 50MW.

"The completion of this second line is a great accomplishment for our company and we are pleased to have finished production two months ahead of schedule," commented Leo Young, Chief Executive Officer of Solar EnerTech. "Our business development team is working diligently to secure new orders so that we can utilize our second line to the fullest extent possible. We now have the ability to support dual-line production which provides us with the potential to increase our product orders and broaden our base of customers from Europe, North America and Asia. We are moving forward with our strategic plan and believe we are well positioned for continued growth ahead."

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 63,000 square foot manufacturing plant in Shanghai's Jinqiao Modern Technology Park. The Company has two 25MW solar cell production lines as well as a 50MW solar module production facility.

Solar EnerTech has also established a Joint R&D Lab at Shanghai University to 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 has also established a marketing, purchasing and distribution arm in Northern California's Silicon Valley.

Solar wafer project breaks earth in Weifang, China

WEIFANG, Oct 27, 2008 (SinoCast via COMTEX) -- A solar wafer project built by a Hong Kong subsidiary wholly owned by Taiwan Tatung Company laid the foundation stone in the Weifang, Shandong Province on October 23, 2008.

With a total investment amounting to USD 300 million, the project is designed to have a wafer cutting capacity of 60MW in the first operational year and to hit 1,000MW within five years, bringing back annual sales of CNY 19 billion.

For a long time, the productive technology of solar wafers has been monopolized by ten plants affiliated to seven companies of the US, Japan, and Germany.

The Weifang Project gets support from a Japanese leading polycrystalline silicon manufacturer, and uses wire cutting technology to process silicon ingots, largely improving silicon wafer precision, and saving materials.

Tatung Company is a worldwide leader in designing and manufacturing digital consumer products, with strengths including LCD TVs, network-connected devices and household appliances. It also provides system integration service, and is well engaged in diversified fields like wire and cable, optical fiber cables, gas insulated switchgears, motors, generators, and transformers.

Ontario And China Go Green Together

McGuinty Government Promotes Two-Way Investment And Trade In Shanghai

TORONTO, Oct. 27 /CNW/ - NEWS

A Chinese company will build a biomass power plant in Ontario as part of an announcement made today in Shanghai.

Canadian Windfields Solar and Renewable Energy Corporation announced thatit will build and operate a demonstration plant with Chinese company Wuhan Liren. Wuhan Liren will also invest in an Ontario manufacturing plant thatwill build and support its biomass power generation systems.

Instead of traditional renewable energy sources such as solar and wind, the power plant will use agricultural and forestry waste that producevirtually no emissions. The new biomass power generation plant will be thefirst of its kind in North America.

Premier Dalton McGuinty took part in the signing ceremony during theShanghai leg of his mission to China. The goal of the mission is to sellOntario environmental technologies and exchange ideas.

The director of Shanghai's Environmental Protection Bureau, Sun Jian,also took part in the signing ceremony. The Premier then spoke at a dinner toshowcase Ontario's environmental technology companies in front of over 200people at the Shanghai Museum.

QUOTES

"The agreements signed today are significant. It's just the start of whatOntario and China can do together," said Premier Dalton McGuinty. "We'llcontinue to strengthen our social and economic ties, to generate investmentand create jobs for Ontario families."

"Ontario is a world class producer of environmental products and servicesfor which a tremendous demand exists in China," said Michael Chan, Minister ofCitizenship and Immigration. "We are sending a clear message to China thatwhen looking for the technologies necessary to achieve their environmentalgoals, they need not look further than Ontario."

<< QUICK FACTS

- Two-way trade between Ontario and China more than doubled between 2003 and 2007, reaching more than $21 billion last year.
- China is investing $175 billion in environmental protection between 2006 and 2010.
- Ontario currently has 2,600 environmental technology companies.

Monday, October 27, 2008

Goldwind Science & Technology

Goldwind Science & Technology, established in 1998, is the market leader in the wind turbine market in China.

In 2006, Goldwind captured 33% market share in China's wind turbine market, is the biggest wind turbine supplier in China and 10th in the world. In 2007, Goldwind Science & Technology kept 25.25% market share in China's wind turbine market, still the No.1 in China, though there are many new wind turbine suppliers in China.

Wind turbines from Goldwind Science & Technology are widely installed in China, and 33 sets of 1.5MW wind turbines are installed for the Beijing Olympic Games.

At present the market demand in China is greater than the supply, the Chinese wind turbine manufacturers are busy with their domestic orders, and Goldwind Science & Technology has some ambitious goal in the international market also.

Yingli Green Energy's Principal Operating Subsidiary Receives Additional Credit Line from China Eximbank

October 27, 2008

BAODING, China--(BUSINESS WIRE)--Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or "the Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced that it's principle operating subsidiary, Baoding Tianwei Yingli New Energy Resources Co., Ltd. ("Tianwei Yingli"), has entered into a new credit line trade finance facility agreement (the "Agreement") with the Export-Import Bank of China ("China Eximbank"), a government policy bank solely owned by China's central government.

Under the Agreement, China Eximbank has agreed to provide Tianwei Yingli a short-term credit line of up to an aggregate principal amount of RMB 500 million or its U.S. dollar equivalent subject to certain terms and conditions. Under this new credit facility and the previous credit facilities provided by China Eximbank, China Eximbank has granted an aggregate credit line of RMB 1 billion or its U.S. dollar equivalent to Tianwei Yingli.

Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy, said, "We have worked very closely with China Eximbank since 2005 when our business was in an early, fast-growing stage. During our three years of cooperation, China Eximbank has deepened their knowledge of our business model and gradually raised our credit line from year to year. We are very pleased to secure this new line of credit during a period of unprecedented turmoil in the financial markets, which we believe demonstrates China Eximbank’s strong recognition and confidence in our company. Supported by this additional bank facility, we believe the company will be better positioned for the challenges that may arise from recent turmoil in the financial markets."

About Yingli Green Energy

Yingli Green Energy Holding Company Limited is one of the world's leading vertically integrated PV product manufacturers. Through the Company's principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co., Ltd., 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 operate on a stand-alone basis. With 400 MW of total annual production capacity in each of polysilicon ingots and wafers, PV cells and PV modules, Yingli Green Energy is currently one of the largest manufacturers of PV products in the world as measured by annual production capacity. Additionally, Yingli Green Energy is one of a limited number of large-scale PV companies in the world to have adopted a vertically integrated business model. Through its wholly owned subsidiary Yingli Energy (China) Co., Ltd., Yingli Green Energy currently plans to expand annual production capacity of polysilicon ingots and wafers, PV cells and PV modules to 600 MW in the third quarter 2009. Yingli Green Energy sells PV modules under its own brand name, Yingli Solar, to PV system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, South Korea, Belgium, France, China and the United States. For more information, please visit www.yinglisolar.com.

Saturday, October 25, 2008

Guodian Power to develop wind power project in Tongjiang City Heilongjiang province China

2008 October 15th

Guodian Power signed agreement with Tongjiang government to develop wind power project, the project capacity is 400MW.

Guodian Power has many other wind power projects like Chifeng, Xingcheng, Linghai, Bayanzhuoer and Jiamusi wind power project.

Friday, October 24, 2008

China Sunergy inks multiyear silicon ingot deal with Hitachi High-Tech

23 October 2008

Solar-cell manufacturer China Sunergy has signed a multiyear deal with Hitachi High-Technologies for the supply of single-crystal 200-mm silicon ingots. HHT will provide a total volume of 1472 tons of material, the companies said, which will support the production of approximately 210 MW of solar cells during the duration of the contract.

HHT began shipping ingots to China Sunergy in September 2008 and will continue shipments through the end of 2011. While the pricing has been fixed for the 2008 shipments, China Sunergy and HHT said they will negotiate the ongoing price of silicon ingot every three months beginning in 2009, within a predetermined pricing range.

"This long-term partnership with a respected supplier such as HHT allows us to reduce our reliance on obtaining silicon material supplies from the volatile spot market," said Allen Wang, CEO of China Sunergy. "In addition to the high-quality silicon ingot improving our yields and output, I believe there are cost savings to be recognized from this deal, which will contribute to the long-term goal of strengthening our gross margin. We will continue to seek additional agreements with partners like HHT, as they will benefit China Sunergy by providing a reliable source of silicon through a flexible, favorable cost structure."

Nanjing-based China Sunergy announced last month that it will supply 10 MW of monocrystalline cells annually to Wuxi Guofei between 2009 and 2015. The cell manufacturer also signed a multiyear, $400 million wafer supply agreement with REC in June, which will provide the Chinese cell-maker with the Norwegian firm's monocrystalline 156-mm substrates until 2015.

-- Tom Cheyney

Thursday, October 23, 2008

The first polysilicon project in Jiangxi province began mass production

2008 October 23rd, the 500 metric ton polysilicon project of Jiangxi Tongneng Silicon Material Company starts mass production, this is the first in production polysilicon project in Jiangxi province.

And Jiangxi Tongneng Silicon Material has phase two, phase three and phase four projects, and each is 3,000 metric tons, then the total polysilicon production capacity will be 9,500 metric tons.

Guodian Technology & Environment Group founded Guodian Ningxia Solar Energy to produce solar products

2008 October 13th, Guodian Ningxia Solar Energy Company was founded by Guodian Technology & Environment Group to produce solar products.

Guodian Ningxia Solar Energy Company will start from polysilicon production, then expand to silicon solar cell and thin film solar cell production. The planned polysilicon project capacity is 10,000 metric tons per year, and the first phase project is 2,500 metric tons of electronic grade polysilicon.

Early this year Guodian Technology & Environment Group once signed an agreement with Daqo Group to build polysilicon production project together, and the announced capacity was 6,000 metric tons.

China Pulls in Green Energy Investment

Source: http://www.greentechmedia.com

Green Energy Technology and the Nordic Environment Finance Corp. through its Carbon Fund are boosting investments in China, pointing to the country's growing role as maker and user of renewable energy technologies.

by: Jeff St. John

October 22, 2008

In the midst of a worldwide financial crisis, China's growing demand for energy continues to be an attractive draw for investors.

Several greentech companies this week have announced plans to put money into satisfying fast-growing appetite for renewable energy.

On the solar front, Taiwan's Green Energy Technology said Wednesday that it is investing $5.05 million for a 40-percent stake in a joint venture aimed at supplying solar cells to Chinese manufacturers.

The subsidiary of the Tatung Group said the joint venture hoped to be up and running by mid-2009 and to have an annual production capacity of 60 megawatts.

Also on Wednesday, the Nordic Environment Finance Corp. said that its Carbon Fund has signed up to buy carbon-emission reductions from two Chinese renewable power projects –a 201-megawatt wind project being developed by Yangtze New Energy Development Co. in Jiangsu province, and a small hydroelectric power project in southwest China.

The deals were announced a day after Google pledged to give $250,000 to the U.S. National Academies to find ways to link the United States and China - the world's two largest energy consumers and greenhouse gas emitters - in developing renewable energy policies and technologies (see Google Plays U.S.-China Matchmaker).

All of it points to a continuation of China's boom in renewable energy, itself both a part of - and a reaction to - China's fast-paced economic growth over the past decade, said Ron Pernick, co-founder and principal of research and publishing firm Clean Edge.

"China has not been sitting idle" in either the manufacturing or the deploying of renewable energy technologies, Pernick said. China already leads the world in making solar-water heaters, and its list of solar-photovoltaic manufacturers has grown to include heavy hitters such as Suntech Power Holdings (NYSE: STP), China Sunergy (NSDQ: CSUN) and Yingli Green Energy Holding Co. (NYSE: YGE), he said.

China stands third, behind Japan and Germany, in terms of its share of photovoltaic-manufacturing capacity, according to a Worldwatch Institute report released in November (see Could China Steal the Solar Throne?)

The report estimated that China was set to invest $10 billion in renewable energy last year, second only to Germany. That's out of about $150 billion invested in green energy worldwide last year, Pernick said.

The U.S. Department of Commerce set China's investment in renewable energy last year at an even higher $12 billion, and projects that the country will invest $175 billion in protecting the environment in the next five years as it strives to meet its renewable goals, according to CNBC.

That growth is linked not only to China's role as an offshore home for foreign manufacturers, but also to its pressing need for new renewable energy sources, the Worldwatch Institute said.

China hopes to boost its green-electricity generation from 17 percent of its overall generation capacity today to 21 percent by 2020. The Worldwatch Institute said China could well exceed those goals, pushing its renewable power capacity to as much as 400 gigawatts by 2020, up from 135 gigawatts in 2006.

So far, solar photovoltaic power projects within China remain "in their infancy" compared to Japan, Germany and the United States, and China's hopes for a large-scale domestic market for grid-integrated photovoltaic projects remains a few years out, according to the report.

That's not as much the case with wind power, which the report called China's fastest-growing renewable-energy source. China will need to invest $21 billion to $28 billion if the country is to meet its goal of 30 gigawatts of production by 2020, up from to 1.2 gigawatts in 2005, the Commerce Department reported.

China now has more than 50 domestic wind turbine manufacturers, the Worldwatch Institute said.

"They're also becoming a dominant wind player in terms of deployment," Pernick said of China. "The question is, what might happen in terms of manufacturing."

Despite the ongoing global financial crisis, Pernick sees permanence in China's current renewable energy push, given its people's increasing concern about environmental problems within the country's borders and global concerns about the country's role in curbing greenhouse gas emissions.

In an August report, the Worldwatch Institute said that China accounted for 57 percent of the world's growth of carbon emissions from burning fossil fuels from 2000 to 2007.

The link between China's renewable-energy push and its environment was brought to the world's attention this summer, when the Chinese government took drastic steps to clean up Beijing's notoriously polluted air for the 2008 Olympic Games (see Will the Olympics Make China Green?).

"The great thing about China is, if a mandate comes down from the national level, it can quickly be deployed," Pernick said.

Even in the midst of the ongoing global financial crisis, China remains an attractive market for green technologies, according to a survey of venture capitalists and technology company executives released Wednesday by the law firm DLA Piper.

Nearly nine of ten survey respondents said China's consumer market will be an "exploitable opportunity" for green technology companies, DLA Piper reported.

Still, Pernick doesn't see China becoming the "mother of all markets" when it comes to the growing market for renewable energy sources.

"This is a global phenomenon," he said. China is "just going to be one node in the network."

Wednesday, October 22, 2008

Sinocome to produce thin film solar cell in Dongying city Shandong province

October 13th Sinocome group signed thin film solar cell investment agreement with Dongying government. The planned thin film solar cell production capacity is 200MW, and the total investment will be 2 billion CNY. The project will get started in March 2009, and completed by the end of 2009.

Taiwan-based Green Energy Technology invests in China maker of solar silicon wafers

Nuying Huang, Taipei; Adam Hwang, DIGITIMES [Tuesday 21 October 2008]

Green Energy Technology (GET), a Taiwan-based producer of solar-grade polycrystalline silicon wafers, on October 20 announced its investment of US$5.05 million for a 40% stake in a new joint-venture provider of slicing solar-grade polycrystalline silicon ingots into wafers in northern China, according to GET.

The new provider, with does not yet have an English corporate name, begun factory construction earlier in October 2008 and is expected to start operation in the second half of 2009 with an initial annual production capacity equivalent to 60MWp, GET indicated. While the joint venture is to supply makers of solar cells in China, its establishment is in line with Tatung Group's business strategies of solar energy in the China market, GET pointed out. GET is a member of Tatung Group.

GET will expand its production capacity of polycrystalline silicon wafers in Taiwan through setting up additional lines of slicing ingots into wafers, the company indicated. The additional lines will be completed in the third quarter of 2009, with their aggregate capacity to account for 80% of EGT's total domestic capacity, the company noted.

Yingli Green Energy to Assist Customers with Access to Project Finance Solutions

BAODING, China, Oct 21, 2008 (BUSINESS WIRE) -- Yingli Green Energy Holding Company Limited ("Yingli Green Energy" or "the Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced that it will assist its customers with access to project finance advisory services and potential funding solutions through cooperation with Deutsche Bank.

Through this proposed cooperation, Yingli Green Energy and Deutsche Bank expect to provide a convenient "one-stop shop" solar project solution, offering high quality PV products and solar project financing advisory services to Yingli Green Energy's customers. Types of potential projects would consist of ground-based solar farms and commercial rooftop projects. Under the proposed arrangement, Yingli Green Energy would refer its solar customers to Deutsche Bank for project finance advice. The referrals could potentially lead to Deutsche Bank providing structuring advice and funding solutions to qualified customers. For projects which qualify for financing, and where Yingli Green Energy modules meet the project requirements, Yingli Green Energy will be the preferred module supplier to the approved projects.

"This represents an exciting opportunity for both parties and we look forward to working closely with Deutsche Bank," said Liansheng Miao, Yingli Green Energy's Chairman and Chief Executive Officer. "Through this cooperation, Yingli Green Energy's customers stand to benefit from high quality financial advice and potential funding solutions, which we believe will help strengthen our customer relationships and further support our strategy to expand our PV module and systems sales in overseas markets."

Peter Tsao, Vice Chairman, Deutsche Bank Global Banking, Asia, said, "We are delighted to be working with Yingli Green Energy and its customers to potentially offer project finance advisory solutions. Deutsche Bank has developed a very strong record in the solar sector in recent years and this will further consolidate our position."

About Yingli Green Energy

Yingli Green Energy Holding Company Limited is one of the world's leading vertically integrated PV product manufacturers. Through the Company's principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co., Ltd., 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 operate on a stand-alone basis. With 400 MW of total annual production capacity in each of polysilicon ingots and wafers, PV cells and PV modules, Yingli Green Energy is currently one of the largest manufacturers of PV products in the world as measured by annual production capacity. Additionally, Yingli Green Energy is one of a limited number of large-scale PV companies in the world to have adopted a vertically integrated business model. Through its wholly owned subsidiary Yingli Energy (China) Co., Ltd., Yingli Green Energy currently plans to expand annual production capacity of polysilicon ingots and wafers, PV cells and PV modules to 600 MW in the third quarter 2009. Yingli Green Energy sells PV modules under its own brand name, Yingli Solar, to PV system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, South Korea, Belgium, France, China and the United States. For more information, please visit www.yinglisolar.com.

About Deutsche Bank

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 80,253 employees in 75 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people. For more information, please visit www.db.com.

Tuesday, October 21, 2008

China installs 7.3GW wind power in 2008

It is estimated that the newly installed wind power project in China in 2008 will be 7.304GW, and the accumulated installed wind power capacity will reach 13.356GW by the end of 2008 in China.

And the top five wind power generation provinces are Inner Mongolia, Jilin, Liaoning, Heilongjiang and Hebei.

China Power Investment Xianjuding Wind Power Project Held Ground Breaking Ceremony

2008 October 18th, Hubei Dawu Xianjuding Wind Power Project started the construction. The planned capacity is 100MW, and the investment is 1 billion CNY.

The first phase project capacity is 30MW, and 40 sets of 750KW wind turbines from Gold Wind will be installed. The first phase project will be completed in December 2009.

This is the second wind power plant after Jiugongshan wind power plant in Hubei province.

Gansu province will have 1GW wind power capacity by the end of 2008

Gansu province is rich in wind energy, the wind energy reserve in Gansu province is 237 GW with 150GW in Jiuquan city.

The total installed wind power capacity in Gansu province will reach 1GW by the end of 2008.

The first wind power project in Hainan province will be completed by the end 2008

Huaneng Wenchang Wind Power project is on the track, 11 sets of wind turbines have been installed, and the first phase project will be completed by the end of 2008. The total capacity for the first phase Huaneng Wenchang Wind Power project is 49.5MW, and in total 33 sets of 1.5MW wind turbines will be installed, and the wind turbines are manufactured by Sinovel. The first phase project will be able to generate about 103 million KWH power per year.

Huaneng Wenchang Wind Power project is the first wind power project in Hainan province, and the total planned capacity is 120MW, and the total investment is 1.3 billion CNY.

Vestas Receives Order for 116 V52-850kW Turbines in China

Monday, Oct 20, 2008

Vestas has received an order for delivery of 116 V52-850kW wind turbines for Suniteyou Wind Farm III and IV, Xilinguole City, Inner Mongolia Province, China. The order was received from China Guangdong Nuclear Wind Power.

The contracts include supply and commissioning of the turbines including towers, the VestasOnline Business supervisory control and data acquisition solution and a two-year service and maintenance agreement.

Delivery and commissioning of the turbines is planned for the third quarter of 2009.

Lars Andersen, managing director of Vestas China, said: We are very pleased about this order; the fact that China Guangdong Nuclear Wind Power has once again selected Vestas turbines is proof of both the quality of our product and the overall business case of our wind energy solutions.

Monday, October 20, 2008

Datang Daode Wind Power Plant Broke Ground at Alukerqin

2008 October 18, Datang Daode Wind Power Plant held the ground breaking ceremony at Alukerqin. Alukerqin is rich in the wind energy, and there are five ideal wind power plant locations, the planned five wind power plants cover 1,602 square kilometers in total in Alukerqin.

The first phase project of Daode wind power plant will install 58 sets of Vestas V60-850KW wind turbines, and the first phase project will be completed in one year. And the investment for the first phase project is 500 million CNY, and it will be able to generate 120 million KWH power each year and the power generation income will be 67 million CNY a year. And the investment will be paid off in ten and half years.

And Alukerqin government has further signed 1.5GW wind power development agreement with Datang.

Sunday, October 19, 2008

Solar power systems installed in five star hotel in Baoding Hebei China




October 18th the solar curtain wall power station at Baoding Diangujinjiang International Hotel started to generate power, and Diangujinjiang is the first five star hotel in China that installed solar power generation station.
In total over 3,800 pcs of solar modules are installed, and the total capacity is 300KW, and the system will generate about 260,000 KWH power per year.

Saturday, October 18, 2008

Wafangdian Bearing Group signed two wind turbine bearing supply agreements recently

October 16th 2008, Wafangdian Bearing Group signed supply agreement with Guangdong Mingyang Wind Power Group, Wafangdian Bearing Group should supply the wind turbine bearings in 2009 and the contract value is 373,200,000 CNY. Wafangdian Bearing Group signed another wind turbine bearing supply agreement with Guodian United Power early this year, and the contract value is 300,000,000 CNY.

Wafangdian Bearing Group is the No.1 bearing manufacturer in China, and is able to offer bearing for 1.5WM, 2.1MW and 3.0MW wind turbines.

Guangdong Mingyang Wind Power Group is dedicated to the development and production of wind turbines and wind power generation related systems and components.

Hebei Shangyi completed the biggest wind power plant in China

Recently the phase four wind power project of Guohua Shangyi Wind Power Plant was completed, and the phase four wind power project is 49.5MW. Then Guohua Hebei New Energy Company has completed their wind power plant in Shangyi, and the total installed capacity is 183MW, and became the current biggest wind power plant in China.

Guohua Shangyi Wind Power Plant covers about 100 suqare kilometers, and the total investment is about 1.75 billion CNY, and 122 sets of 1.5WM wind turbines are installed. Guohua Shangyi Wind Power Plant is able to generate 430 million KWH per year.

In order to push the development of wind energy Shangyi county government has signed 7.2GW wind power development agreement with 21 wind power investors, the total investment is 62 billion CNY. And the installed capacity in Shangyi will reach 400MW by the end of 2008, and Shangyi county has the ambitious plan to become the No.1 wind power generation county in China.

LDK Solar inks 90-megawatt supply contract

October 17, 2008

NEW YORK (AP) - LDK Solar Co., which makes solar wafers, said Friday it has signed a three-year "take-or-pay" contract to supply solar wafers to a U.S.-based energy company.
Financial terms of the deal, as well as the customer's name, were not disclosed.

China-based LDK Solar will supply about 90 megawatts of silicon solar wafers over three years starting in 2009. The customer will supply at least 300 metric tons of polysilicon, and make a down payment.

ET Solar, Helios Technologies sign solar sales contract

10/17/2008

NANJING, CHINA: Nanjing-based solar and photovoltaic (PV) products manufacturer ET Solar has signed a 15 MW module sales contract with Helios Technology, an Italian manufacturer of photovoltaic cells, photovoltaic modules, inverters and charge regulators.

ET Solar will ship a total of 15 MW of modules to Helios between October 2008 and March 2009.
ET Solar Chief Security Officer Dennis Shaw said, "We see the Italian PV market as one of the fastest growing markets in the global PV industry. With this transaction ET Solar is very well positioned to expand its presence and be a significant contributor in this market."

CHINESE SOLAR COMPANIES ON THE UP

ROTTERDAM - The Netherlands, Shanghai - China, October 17, 2008. Chinese solar companies are on the up. Led by major growth strategies, Chinese solar module manufacturers are hoping to push past the competition. Only the strongest will survive under current market conditions. Ignoring an expected oversupply situation in 2009, Chinese companies are aiming for growth rates of 100-400% a year. In recent years, we have already witnessed a reshuffle among the top 10 solar manufacturers; formerly high ranking European and Japanese producers have been replaced by Chinese manufacturers claiming positions among the top 10.

Although Q-cells still heads the table and First Solar is still the leading thin film company, the Chinese will be claiming more and more top-10 positions. Solarplaza, the global solar energy business portal, has made a shortlist of some of these high-potential companies and has taken a look at their growth ambitions and strategies.

Thin film

China has been in no doubt about the marked rise in the global production of thin film over the past two years. The first dozen thin film manufacturers to surface in China appeared no less than two to three years ago. Nowadays, dozens of Chinese thin film manufacturers are expanding their factories and have either started production or else will be doing so in the near future.

One of the largest investments has been made by Best Solar. With a contract worth $1.9 billion signed with Applied Materials they hope to grow from around 200 MW at the beginning of 2009 to almost 1 GW of thin film tandem junction production capacity by 2010, doubling this to 2GW by 2011.

To put this in perspective, First Solar (FSLR) will reach a production capacity of more than 1 GW by the end of 2009. Best Solar will start shipping products in Q1 of 2009.

Another young company with less capital but equal eagerness is QS Solar. This company is aiming to produce 500MW in thin film solar cells within 3 years (2010). QS Solar, together with companies like Nanosolar, Firstsolar, and Moserbaer, was one of the companies to present its products at the first thin film conference in Munich, June 2008.

Crystalline

There are already hundreds of manufacturers producing solar modules in China with regard to the crystalline side of things. A dozen are listed on foreign stock exchanges, four of them are listed on the New York stock exchange: JA Solar, Suntech Power, Trina Solar, and Solarfun.

The latter has received investments from Good Energies and is showing steady growth (from 240 MW output capacity to 360 MW by the end of 2008). Unlike Trina Solar, for instance, Solarfun focuses on producing solar cells and modules.

Founded in 1997, Trina Solar's year-end goal for 2009 is to have a production capacity of 600 MW, and it plans to ship between 360 to -400 MW in 2009 as they ramp up toward 600MW capacity. Trina has pursued a vertical integration model and thus produces, or aims to produce, nearly all the components for its PV panels. To demonstrate just how committed it was to this principle, Trina actually announced plans to open a polysilicon factory. It abandoned these plans in April this year.

The company argued that the polysilicon supply would become increasingly available as new plants came online; therefore, the supply of silicon would be both sufficient and ever more affordable in the years and months to come. Trina Solar, like Suntech, will be heavily reliant on the US as a market for their products.

Apart from these stock listed companies, there are also hundreds of small but ambitious companies actively involved in the solar industry.

Take Astronergy/Chint, for example. This company, founded in 2006, has a major focus on technology and is producing solar cells as well as thin film solar modules. It is striving to be the first among its competitors to reduce PV module costs to below $1/Wp. With a production goal of 380 MW by 2010, this company is also aiming to be one of the big players.

Bearing the scale of these ambitions and growth plans in mind, the Chinese solar industry will be able to take solar to the next level; and with prices that are almost the lowest in the industry, China will be giving European manufacturers a hard time in terms of the ability to compete.

Fully organized trade mission

For the purpose of exploring business opportunities and visiting the factories of some of the companies mentioned above, Solarplaza is organizing an open international PV trade mission to China. The program includes a brokerage event and factory visits to the companies mentioned above (Best Solar, Trina Solar, Solarfun Power, QS Solar, Chint Solar).

About SolarPlaza

Solarplaza is a global solar energy business portal with worldwide news and information on photovoltaic products and services. Solarplaza organizes solar-dedicated events and assists in large solar deals. Solarplaza has its headquarters in the Netherlands and also has offices in Spain and China.

Yingli to supply China Mobile's PV needs

October 17, 2008

China's largest wireless carrier also expects to receive an additional estimated 2MWp of PV modules from Suntech.

Tianwei Yingli New Energy Resources, a subsidiary of Baoding, China's Yingli Green Energy (NYSE: YGE), won a bid today to supply photovoltaic modules to the largest mobile phone operator in China.

Tianwei Yingli is expected to deliver approximately 1.5 megawatts of PV modules to China Mobile Communications (HYSE: CHL) from November 2008 to October 2009.

Yingli Green Energy previously signed a contract to supply Germany's S.A.G. Solarstrom with 36.6 MW of PV solar modules.

And in May Yingli agreed to supply 17.35 MW of PV modules to Japan's Eiko Trading.

Considered one of the largest manufacturers of PV products in the world as measured by annual production capacity, Yingli Green Energy has said it will not increase its production capacity next year. The worldwide credit crunch is thought to have influenced the company's decision.
Yingli Green Energy currently has a manufacturing capacity of 600 MW.

The winning bid from Tianwei Yingli represents a third of China Mobile's total recent PV module procurement. Earlier this week Jiangsu-based PV manufacturer Suntech (NYSE: STP) announced it had won a bid for China Mobile's PV system integration and controller procurement project, offering an estimated 2 megawatt-peak output in solar cell modules.

Suntech was China Mobile's largest solar supplier in 2007, providing 1.4 MWp of solar modules to nine provinces. The company acquired California-based EI Solutions earlier this month as part of its plans to triple U.S. sales in 2009.

China Mobile is the largest wireless operator in the world, with more than 260 million subscribers. The company is controlled by China's Ministry of Information Industry.

Friday, October 17, 2008

Top Four Chinese Wind Turbine Manufacturers

At present there are many wind turbine manufacturers in China, and the top four China domestic wind turbine manufacturers are Gold Wind, Sinovel, DFSTW and China Windey.

Shanghai builds 100MW offshore wind power plant

A 100MW offshore wind power demonstration project is under development in Shanghai now, the total investment is 2.36 billion CNY, and the total wind turbine capacity is 102MW, and it will be completed in early 2010, then it will generate 267 million KWH per year.

The investor for this wind power plant is Shanghai Eastsea Wind Power Company, and the wind turbines are supplied by Sinovel.

Inner Mongolia Bayanzhuoer will install 10GW wind power by 2020

Bayanzhuoer is rich in wind energy, the total wind energy reserve is 98GW, and the exploitable wind energy is 69GW, and the Bayanzhuoer government has ambitious wind power development plan.

According to the plan the installed wind turbine capacity will reach 3GW by 2010, and reach 6GW by 2015, and reach 10GW by 2020.

At present there are 17 approved wind power projects in Bayanzhuoer, and 10 investors are working on these projects.

China Cixi 49.5MW wind power plant was completed

October 16th 2008, the first phase project of Cixi wind power plant was completed and 33 sets of 1.5MW wind turbines were installed, the investment is 643 million CNY. Each wind turbine may generate 10,000 KWH per day on average, and the generated power can meet the power demand of a quarter residents in Cixi.

Cixi is rich in wind, in July 2006 Cixi Changjiang Wind Power Company was founded to develop the wind energy in Cixi.

Tongliao Kailu Wind Power Project was approved by National Energy Bureau

Recently Inner Mongolia Tongliao Kailu wind power project was approved by National Energy Bureau.

By the end of 2011 the total installed capacity in Kailu county will reach 1.5GW. At present the wind power projects under construction in Tongliao is 700MW, and by the end of this year over 300MW wind power in Tongliao will be connected to the power grid.

Two wind power projects in Jiamusi are approved by Heilongjiang Developmeng and Reform Commission

Recently China Guodian's two wind power projects in Jiamusi are approved by Heilongjiang Developmeng and Reform Commission, then Guodian Hefeng Wind Power Company has three approved wind power projects in Heilongjiang province in total, and the approved capacity reaches 150MW.

The planned capacity is 49.5MW for both Houshi and Tangyuan wind power projects, and 33 sets of 1.5MW wind turbines will be installed at each project. And the two wind power projects are scheduled to generate power at the end of 2009. The investment for Houshi wind power project is 511.01 million CNY, and the investment for Tangyuan wind power project is 514.25 million CNY.



With Houshi and Tangyuan wind power projects included Guodian Hefeng Wind Power Company has eight approved wind power projects in total in China, and the total approved capacity reaches 400MW.

Thursday, October 16, 2008

Jiuquan will build 10GW solar power plant

2007 November China National Development and Reform Commission approved the Jiuquan 10GW wind power project, the total installed capacity will be 10.65GW, and the total investment will be 100 billion CNY.

2008 April China National Development and Reform Commission approved the development plan of Jiuquan wind power project.

Jiuquan is super rich in wind energy, its total exploitable wind power is 40GW.

The installed wind power capacity will reach 5.16GW by the end of 2010, and reach 12.71GW by the end of 2015. Then Jiuquan will become one key clean energy base in China.

Datang Saihanba Wind Power Company will reach 1GW capacity by the end of 2009

Datang Chifeng Saihanba Wind Power Company was founded in September 2004, and Saihanba wind power plant covers 3000 square kilometers, the total exploitable wind power is 20GW, and it is one of the best wind power farm in China.

The total installed capacity reached 500MW by the end of 2007, and became the largest wind power plant in the world. And its total installed capacity will reach 670MW by the end of 2008, and reach 1GW by the end of 2009.
  

Wednesday, October 15, 2008

China: Wind Power for 1.3B People

From: http://seekingalpha.com/article/99955-china-wind-power-for-1-3b-people

In a recent trip to China, I experienced the "China Speed" in developing their new mega cities all over the country. The magnitude is beyond my imagination. Anything in this country is "big". 1.3B population, yes it is a "B", and let me tell you this, the population of children under age 10 is the same as the whole population of Canada: 40 Million. The China's biggest city Shanghai is twice the size of New York. The high speed train of Shanghai is two times faster than US, that is half the speed of an airplane.

Then you will ask, where does China get all the energy it needs? The answer is simple, China does not have enough energy to sustain such a magnitude of growth, and it imports crude from every single corner of the earth. And it is planning big for its next generation of energy: Wind power.

According to the Global Wind Energy Council, China's installed wind energy capacity could reach 122GW by 2020. China's exploitable wind resource is estimated around 1000GW. In Inner Mongolia of Northern China, massive wind projects have been deployed over the last couple of years, the estimated capacity has reached over 1GW. In West China, provinces such as Gansu, and Qinghai, are also developing their own wind power projects to meet local energy demand. The central government has chosen wind power as an important alternative energy to combat green house emission and secure energy supply.

The wind energy booming in China has attracted many worldwide wind turbine manufacturers invest in China, such as GE (GE), Gamesa (GCTAF.PK) and Vestas (VWDRY.PK). There are also many domestic manufacturers including A Power Energy Generation (APWR), Nantong CASC, REpower North, Nordex, Hunan Hara XEMC Windpower. Among these companies, only GE, Vestas, and APWR are listed in North America, and recently APWR signed 50 of 2.7MW wind turbine contract, and has total annual production capacity of 1.1GW by 2009.

Trina Solar Announces Selected Estimated Third Quarter Results

CHANGZHOU, China, Oct. 15 /Xinhua-PRNewswire-FirstCall/ -- Trina Solar Limited ("Trina Solar" or the "Company"), a leading integrated manufacturer of photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, founded in 1997, today announced its selected estimated unaudited financial results for the third quarter of 2008.

For the third quarter of 2008, the Company expects its net revenues to be in the range of approximately $285 million to $294 million, exceeding its previously forecasted range of $250 million to $265 million. The new range, which includes non-module income, represents an approximately 40% to 44% increase from its net revenues in the second quarter of 2008. During the quarter, the Company shipped approximately 66 MW of PV modules, compared to its previously forecasted range of 62 MW to 66 MW. As guided previously, the Company's gross margin for the third quarter is expected to be in the range of approximately 23.0% to 25.0%, and its operating margin is expected to be in the range of approximately 15.0% to 17.0%.

"We are very pleased with our continued strong growth in the third quarter, reflecting our increasingly recognized brand and strong sales distribution capabilities in existing and new markets," said Mr. Jifan Gao, Trina Solar'sChairman and CEO. "We expect to strengthen our operating cash flows over the third and fourth quarters of 2008, which combined with the proceeds from our senior convertible notes offering, will greatly enhance our cash position for future operations."

As these selected estimated results are subject to the Company's normal, quarter-end closing procedures, the Company's actual results may differ from its current estimates.

Based on customer commitments in signed contracts and the Company's current operating and market conditions, the Company believes it is on track to meet or exceed its full year 2008 targeted total net revenues of between $850 million and $900 million.

About Trina Solar Limited

Trina Solar Limited (NYSE: TSL) is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that has developed a vertically integrated business model from the production of monocrystalline and multicrystalline ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.com .

Tuesday, October 14, 2008

China's JinkoSolar gets $35M

October 13, 2008

Silicon-wafer manufacturer looks at Israeli technology and international expansion ahead of IPO plans.

Shangrao, China-based JinkoSolar said today it raised $35 million in its second round of equity funding.

The round was led by the city of Shangrao, China Israel Value Capital, Shenzhen Capital Group and Israel's Pitango.

JinkoSolar, located in the Jiangxi province, uses a proprietary process involving recovered silicon materials and raw polysilicon to make silicon ingots, which the company makes into monocrystalline and multicrystalline wafers. JinkoSolar then sells the wafers for use in panels.
The company says it cuts wafers more thinly than competitors, which yields more wafers from the raw material and lowers the cost.

The price of polysilicon has been on the rise for the past seven years, recently hitting an all-time high of $400 per kilogram, according to ResearchInChina.

The new round of funding is expected to help the company access technologies from Israel and expand internationally, according to Chen Kang Ping, founder and CEO of JinkoSolar.

The investors said they are working to prepare JinkoSolar for an IPO on the Nasdaq "as soon as the markets are ready," according to Jin Haitao, chairman of Shenzhen Capital Group and general partner of China Israel Value Capital.

China Israel Value Capital's General Partner Ami Dotan said the company made the investment because JinkoSolar has secured long-term silicon supplies and sales contracts, "giving the company an edge over their competitors, especially due to the inconsistent silicon availability."

The solar market is likely to be oversupplied by late 2009 or early 2010, according to a report in September by Thomas Weisel Partners. The causes are an increasing polysilicon supply and rapid growth in the production capacity of silicon wafers. However, the report said, solar is still a healthy market, especially for companies with consistent silicon supplies and vertical integration.

Chinese company produces 1st solar-powered car

One of China's first group of solar-powered cars went on display last Friday at the 29th Zhejiang International Bicycles and Electric-powered Cars Exhibition in Hangzhou, eastern China's Zhejiang Province, Hangzhou.com.cn reported.

A solar-powered car is on display on October 9, 2008 in Hangzhou.

The mini car produced by Zhejiang's 001 Group was designed to target the increasingly serious energy crisis. The group has so far produced over 10 such cars and each of them will sell for 38,000 yuan (US$5,560).

Sheng Gangxiang, an engineer at the Zhejiang 001 Group, told reporters that the vehicles have solar panels on their roofs that turn the sun's rays into energy to get them going. The car can absorb 95 percent of the solar energy it takes in, however, it can only transform 14 to 17 percent of that into electricity, roughly the same as solar cars manufactured elsewhere.

The solar-driven car can travel 150 kilometers after 30 hours of solar charging. But an only one-hour charge will get the car going for only five kilometers.

At present, solar energy is mostly used in water heaters in China.

(CRI October 14, 2008)

Suntech Wins New China Mobile Contract

Posted by: Cherry Zhang on Oct 14, 2008

Jiangsu-based photovoltaic cell manufacturer Suntech (NYSE: STP) announced on Tuesday that it has won the bid for China Mobile's (NYSE: CHL, 941.HK) 2008 photovoltaic system integration and controller procurement project (24V) and solar cell module and installation support. Suntech beat out more than 30 competitors including Trina Solar (NYSE: TSL) to offer an estimated 2MWp in solar cell modules. Suntech was China Mobile's largest solar supplier providing 1.4MWp of solar modules to nine provinces in 2007.

LDK says polysilicon plant on track to meet goals

Associated Press 10.14.08

NEW YORK - China-based LDK Solar Co., which makes solar power products, said Tuesday it is on track to meet its production targets at a polysilicon plant it is currently building.

LDK said it still plans to produce between 5,000 and 7,000 metric tons of the material in 2009 at a plant that will have annual capacity of 15,000 metric tons.

The company said a separate 1,000 metric ton plant has been completed and is the process of being commissioned for use. It plans to update the expected production levels for the fourth quarter in a separate announcement.

Monday, October 13, 2008

Jiamusi plays the wind to money game

Jiamusi has abundant wind energy, and the average wind energy density is over 200 watts per square meters. At present 17 ideal wind power plant locations are identified, and by the end of this year the total installed capacity will reach 368MW, and the target is 1000MW.

49.5MW Wind Power Plant will be built in Ziyuan County, Guangxi Province

Ziyuan County is rich in the wind energy, and a 49.5MW wind power plant will be built on the Jinzi mountain.

China Power Investment Group will invest about 600,000,000 RMB in the wind power project, and install 33 sets of 1.5MW wind turbines. China Power Investment Group plans to start the construction in this year, and complete the project in 12 months.

Baotou to push Damao Bayin wind power project

In order to achieve the 2,000MW wind power capacity (including the under construction projects) by the end of 2010, Baotou municipal government is pushing the development of Damao Bayin 1,400 MW wind power project.

The total exploitable wind power capacity in Baotou is about 30,000MW, and the planned Bayin wind power project will cover 850 square kilometers, Baotou government began to prepare for the development of Bayin wind power project in 2005, and the Bayin wind power plants are divided into seven sectors, and seven companies are preparing to build the wind power plants.

China Windey produces bamboo blade for the wind power generation

Recently China Windey produces the first bamboo blade in the world for the wind power generation.

At present most of the blades are made of Glass Re-inforced Plastics, and the working life of the Glass Re-inforced Plastics made blades is 20 years, and the Glass Re-inforced Plastics could not be recycled. The bamboo made blades are environment friendly, and much lighter.

The first bamboo wind turbine has been installed in Zhangbei wind power plant, and its performance in the last two months is much better than expected.

China Windey has applied for the patent for their bamboo blade technologies, and China Windey plans to install 100 bamboo wind turbines in Zhangbei wind power plant by the second half of next year.

Sunday, October 12, 2008

China Spark partners with WMH Herion Drive Technology to produce Wind Power equipments

October 9th, China Spark signed agreement to buy 25% stock of German WMH Herion Drive Technology at the expense of 1 million Euro, and China Spark and German WMH Herion Drive Technology will setup a joint-venture in China to produce precise drive components, 75% share will be owned by China Spark. And the cooperation will enable China Spark to enter the wind power equipment production sector.

Friday, October 10, 2008

American Superconductor to Supply Wind Turbine Designs in Multi-Million-Dollar Contract

American Superconductor Corporation, a leading energy technologies company, announced today that it has signed a multi-million-dollar contract to provide wind turbine designs to China's XJ Group Corporation (XJ Group).

Under the terms of the contract, AMSC's wholly owned AMSC Windtec™ subsidiary will provide XJ Group with designs for its WT2000df, a 2 megawatt (MW) doubly fed induction wind turbine. In addition to the upfront fee, AMSC also expects to provide core electrical components for the 2 MW wind turbines manufactured by XJ Group.

Founded in 1970 and based in the city of Xuchang in the Henan province of China, XJ Group is one of China's largest manufacturers of power equipment and transmission and distribution technologies for the electric utility market. The company's advanced technologies and services are aimed at improving the performance and efficiency of its customers' operations. XJ Group employs more than 5,000 people worldwide and operates facilities in 30 countries globally, including 40 locations throughout China.

"The wind power market in China and around the world continues to expand at a dramatic rate," said Li Fusheng, President of XJ Group. "We selected AMSC Windtec because of its proven turbine designs, its ability to help us localize our supply chain and its high-performance wind turbine electrical systems. In addition to utilizing standard AMSC Windtec designs for the WT2000df, AMSC Windtec and XJ Group will jointly adapt the turbine for specific environmental and wind conditions, such as the low average wind speeds, low air density and severe climates encountered in certain regions of China. With our years of expertise and relationships in the electric utility industry, we plan to become a major participant in the wind power industry."

While XJ Group initially expects to produce wind turbines for the Chinese market, the company has the right to sell the WT2000df worldwide. XJ Group plans to have its first prototypes installed and commissioned by the end of 2009 and expects to begin shipping wind turbines to customers in 2010.

"XJ Group is a well established manufacturer and supplier of products and services for the Chinese electric utility industry," said Greg Yurek, founder and chief executive officer of AMSC. "XJ Group will be a strong partner to address the growing needs for high power, high efficiency wind turbines in China and around the world. We look forward to working with them to bring their first wind turbines to market."

Recent reports have indicated that China may increase its wind power capacity from 6 gigawatts at the end of 2007 to 100 gigawatts by 2020. This type of expansion would require approximately 47,000 2 MW wind turbines over a 12-year timeframe.

China Government Subsidizes R&D On Wind Power

August 25, 2008

The Chinese Ministry of Finance has promulgated its "Interim Procedures For Management Of Wind Power Generation Equipment Industrialization Special Funds".

This says that for the first 50 wind power units from manufacturers that meet the relevant criteria, subsidies of CNY600 per kilowatt will be granted by Ministry of Finance. This is said to be equivalent to 10% of the cost.

According to an official of Chinese Wind Energy Association t is of great importance to promote the domestic manufacturing of wind power equipment, particularly core technologies.

According to the Interim Procedures, the special funds should be used for new product research and development of wind power equipment; the beneficiaries should be Chinese-funded or Chinese holding enterprises focusing on the manufacture of wind power equipment including finished machines, vanes, gear cases, generators, convertors, and bearings.

Manufacturers that intend to apply for the subsidy should meet six criteria including independent intellectual property rights and equipment brands.

The official from CWEA also said the funds are mainly aimed at megawatt-class wind power units for these are now the mainstream in the international market. Yet there are only a few independent megawatt-class wind power unit manufacturers in China. The Interim Procedures also mention bearings and convertors — areas in which China's wind power industry is weak and mainly depends on imported equipment.

Liaoning's Largest Wind Power Farm Under Construction

September 4, 2008

Dalian Tuoshan Wind Power Farm, the largest wind power farm in Liaoning Province, is being built with an investment of CNY2.8 billion by China Power Investment Corporation.

The wind power farm is located in Tuoshan, Wafangdian, Dalian, and occupies an area of 62 square kilometers. The investment for phase I is CNY530 million and 33 wind power units, each with a capacity of 1,500 kilowatts, will be put into operation in December 2009.

Tuoshan Wind Power Farm will have a total capacity of 300,000 kilowatts — producing 700 million kilowatt-hours annually.

Currently Inner Mongolia has the most wind power units in China, with Jilin and Liaoning ranking second and third respectively.

Suzlon Green Power Commits USD5 Billion To Renewable Energy In China And India

September 30, 2008

Suzlon Green Power, an enterprise wholly owned by India's Tanti family, announced at the 2008 Clinton Global Initiative that it will bring 3,500 megawatts of electricity to nearly 10 million people.

Suzlon pledged USD5 billion in green energy assets over five years, primarily in India and China. Of the USD5 billion total project value, Suzlon Green Power will provide approximately USD1.5 billion in equity.

"The urgent global need for clean energy compelled me to dramatically expand my family's business holdings," said Tulsi R. Tanti, who is best known as the founder of the wind-turbine company, Suzlon Energy, based in India. "Our flagship business Suzlon Energy continues to focus on developing wind power solutions, offering wind turbines to the global market. On the other hand, we now commit to developing and owning green power assets through Suzlon Green Power, which will bring energy where it is needed most."

Tanti's efforts are global, with a majority of Suzlon Green Power's projects to be located in India and China, two areas with burgeoning energy needs. The company estimates that its projects will create 1,000 jobs directly and many times more indirectly, and will reduce emissions by the equivalent of seven million tons of CO2 a year.

The International Energy Agency estimates that the world's energy needs will increase by more than 50 percent by 2030, and both China and India's energy use is set to double between 2005 and 2030. Suzlon, with other global organizations, is exploring the most efficient renewable energy sources that can be scaled-up to meet this exponentially growing demand for energy.

A-Power Contracts For Wind Turbines With China National Automation Control System

October 10, 2008

Shenyang-based A-Power Energy Generation Systems has signed its second sales contract with China National Automation Control System Corporation for the sale of 50 2.7 MW wind turbines.
This is in addition to the previously announced contract with CACS for five 2.7MW units. These units are expected to be delivered by July, 2009.

These 2.7MW wind turbines will be produced at A-Power's new wind turbine production facility in Shenyang, China with components the company has secured from Fuhrlander AG and other European wind power component suppliers, which will begin arriving in November. This facility consists of two production lines with a designed annual capacity of 300 units of 2.7MW wind turbines and 420 units of 750kW wind turbines, totaling over 1.1GW in annual output.

CACS, a subsidiary of China National Machinery & Equipment Group, has been a leading provider of power generation solutions to both China and the international markets since 1981. A-Power will supply wind turbines to CACS' wind farm projects in Gansu province and the Inner Mongolia Autonomous Region.

KYOCERA (Tianjin) Solar Energy to build 240MW solar cell production project

2008-10-8

KYOCERA (Tianjin) Solar Energy signed investment agreement to expand the solar cell production. The total investment is 36,500,000 USD, and the new production project will have 240MW solar cell production capacity.

The new project will be started in December, and completed in January 2010, and it will begin to produce solar cell in March 2010.

China Sinocome signed amorphous silicon solar cell production investment agreement

October 8th China Sinocome signed amorphous silicon solar cell production investment agreement with Sichuan government, and the total investment is 2 billion RMB, and the first phase project will be 100MW, and Sinocome plans to expand the production capacity to 500MW in future.

Shanghai Electric Group to see shares in Shanghai Topsolar Green Energy

Shanghai Electric Group Holding Co., Ltd plans to sell 36% share in Shanghai Topsolar Green Energy Co., Ltd at Shanghai United Assets and Equity Exchange at the price of 138,600,000 RMB.

At present Shanghai Electric Group Holding Co., Ltd is the biggest share holder of Shanghai Topsolar Green Energy Co., Ltd with share of 61.35%.

Canadian Solar Signs 2009 Sales Contract with Systaic of Germany and Announces European Sales to Date

TORONTO, Oct 09, 2008 /Xinhua-PRNewswire via COMTEX/ -- Canadian Solar Inc. ("the Company", "CSI" or "we") today announced that it has signed a sales contract with Systaic AG of Germany. Systaic will purchase 60 MW of regular solar modules for delivery in 2009. Systaic has been a customer of CSI since the beginning of 2008.

To date, CSI's sales contracts in Europe stipulate minimum shipments of approximately 226 MW. These contracts have options for up to an additional 80 MW of purchases for total European sales in the range of 226 - 306 MW out of our planned capacity of 500 - 550 MW. All these contracts were signed in the past month and primarily reflect the demand from large, long-standing customers in Germany. We have also signed sales contracts in Italy, the Czech Republic, Spain, and France, and are on track to increase sales in these countries. We are satisfied with the order booking level we achieved so far and predict it to increase significantly once our many on-going discussions with Spanish and Italian customers conclude in the next a couple of months. Our North American and Asian sales are also on track, which the Company will issue separate update later this Fall.

Prices reflect market conditions and are in principle fixed for the first two quarters. Our cost-effective e-Modules are selling at a small discount to the regular high-efficiency polysilicon module. The order books for both products are strong. Our balanced product portfolio provides a wide market coverage that is unique in the solar industry.

Chairman and CEO Shawn Qu remarked: "We are very pleased to announce the extension of our strategic relationship with Systaic. This marks the tenth 2009 sales contract we have signed in the past month. Systaic is a large and well-known systems integrator based in Germany with significant design capabilities and projects throughout Europe."

Shawn Qu continues: "The next-year order booking ratio we achieved in September is the highest in the Company's history. This demonstrates the commitment and the confidence of both CSI and our customers in the PV industry and the solar energy market. We are making rapid progress towards meeting our 2009 sales contract objectives. Similarly our customers are successfully developing and financing viable projects for 2009 in spite of a turbulent environment; this contract is a material milestone towards achieving our goals."

CSI will be exhibiting at Solar Power International 2008 in San Diego from October 14th to October 16th (booth 1939) and will present at the investor conferences sponsored by Piper Jaffrey and Lazard Capital.

About Canadian Solar Inc. (Nasdaq: CSIQ)

Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar cell, solar module and custom-designed solar application products serving customers worldwide. 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 http://www.csisolar.com .

About Systaic AG

Due to the consequent implementation of its strategy, Systaic AG belongs to the fastest growing companies in the sector of renewable energies in Europe. The SYSTAIC group produces and markets Europe-wide a new generation of solar systems that differs significantly from the systems currently available on the market. The product portfolio is enhanced by the offer of comprehensive services. The patent-pending integrated system solutions for buildings are highly flexible regarding their design and are offered together with a yield guarantee for over 24 years.

Thursday, October 9, 2008

Global WindPower 2008 Conference & Exhibition will be held in Beijing October 29th-31st

Organized by the leading industry associations working in China, Global WindPower 2008 Conference & Exhibition is the meeting point for all wind professionals working in China. There is something of interest for both industry veterans and newcomers, with three days of conference sessions, an interactive exhibition of wind energy products and services, and numerous networking opportunities. Global WindPower 2008 is an event that you cannot afford to miss.

Wind industry professionals from around the world will come to Beijing to share their knowledge and experience with you. Conference sessions will cover both technical and policy developments in the Chinese market, as well as an outlook on the market's future developments.

Time: 29th – 31th Oct.,2008
Venue: China International Exhibition Center (NEW VENUE)

China to Subsidize Wind Turbines

26 August 2008

by Justin Moresco

The Chinese government said Friday it will subsidize wind power equipment makers as the country continues its drive to generate 15 percent of its energy needs from renewable sources by 2020.

"This is quite significant," said Caitlin Pollock, Asia wind energy analyst for Emerging Energy Research, based in Cambridge, Massachusetts. "It will spur further growth."

The policy marks the first Chinese subsidy exclusively targeting wind power and highlights the Asian country's increasing interest in wind as a major source of energy. The government has set an official target of 30 gigawatts of installed wind capacity by 2020.

Last year China had a total of 5.9 gigawatts of installed capacity, according to Emerging Energy Research. The research group expects the country will nearly double that figure this year to 11.1 gigawatts.

But the subsidy also continues China's overarching policy of growing domestic manufacturing in parallel with overall renewable energy production. China wants to be greener, and it wants the transition to be led by local companies.

That's why only Chinese majority-owned turbine manufactures that source blades and other components from majority locally owned suppliers will qualify for the subsidy. And the subsidized amount--$88 per kilowatt for the first 50 units generating 1.5 megawatts or more--can only be used for research and development purposes.

Although there are more than 40 wind turbine vendors in China today, most have opted to license technology from foreign companies. The policy is intended to reverse that trend, Pollock said.

And in the long run, the subsidy should help make Chinese wind companies more competitive with their foreign rivals, such as GE Energy of the U.S. and Danish Vestas Wind Systems.

Tuesday, October 7, 2008

Canadian Solar Signs 2009 Sales Contract with Iliotec of Germany

TORONTO, Oct. 6 /Xinhua-PRNewswire/ -- Canadian Solar Inc. ('the Company', 'CSI' or 'we') (Nasdaq: CSIQ) today announced that it has signed two sales contracts with Iliotec Solar GmbH and Iliotec Solar International. Through these two contracts, Iliotec will purchase from CSI 28MW of solar modules and obtain the option for another 20MW for delivery in 2009, with module prices fixed for the first six months.

As one of the leading solar system installers in Germany, Iliotec Solar GmbH has been a reliable and continuous customer of CSI since 2005. Iliotec Solar International designs and implements solar projects around the world.

Chairman and CEO Shawn Qu remarked: 'These two contracts mark the seventh and eighth annual 2009 sales contracts we have signed with our long-term and loyal European customers in the past month. These contracts typically feature fixed prices for the first six months. The demand and pricing for Canadian Solar's products remains strong and our order building process for 2009 is well on track. Our customers have also indicated that financing remains available for solar projects in Europe and are moving ahead with their plans. With the renewal of the ITC and its application to utilities' companies in the U.S. we also expect to see strong demand for 2009 in the U.S. market. CSI is the only company in the world that offers both high-efficiency polysilicon modules and cost-effective UMG e-Modules. Combined with our strong and proven customer base, we have are well-positioned us for continuous growth in 2009.'

About Canadian Solar Inc. (Nasdaq: CSIQ)

Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar cell, solar module and custom-designed solar application products serving customers worldwide. 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 http://www.csisolar.com .

Yingli Green Energy and EN-NEO Enter into Supplementary Contract for Sales in 2009

BAODING, China, Oct 06, 2008 (BUSINESS WIRE) -- Yingli Green Energy Holding Company Limited ("Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced that it has entered into a supplementary contract ("New Contract") to the sales contract disclosed on June 5, 2008 ("Original Contract") with EN-NEO NEUE ENERGIEN GmbH ("EN-NEO"), one of the leading specialists in PV energy projects worldwide. Under the Original Contract, Yingli Green Energy agreed to supply 9.19 MW of PV modules to EN-NEO from October 2008 to December 2008, and EN-NEO had an option to purchase an additional 9 MW of PV modules from Yingli Green Energy in 2009. Under the New Contract, EN-NEO has agreed to exercise the option by purchasing the additional 9 MW PV modules, which are expected to be delivered from February 2009 to April 2009.

"We are pleased to announce this new contract with EN-NEO," said Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. "We entered into two deals with EN-NEO within four months, which we believe demonstrates the confidence they have in our products and the desire both companies have to deepen the relationship. Although there are many challenges ahead, including potential effects of the recent turmoil in the financial markets, we believe German PV market is developing well, primarily because of the country's relatively long experience with the PV industry and a clear and short governmental approval process."

About Yingli Green Energy

Yingli Green Energy Holding Company Limited is one of the world's leading vertically integrated PV product manufacturers. Through the Company's principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co., Ltd., 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 operate on a stand-alone basis. With 400 MW of total annual production capacity in each of polysilicon ingots and wafers, PV cells and PV modules, Yingli Green Energy is currently one of the largest manufacturers of PV products in the world as measured by annual production capacity. Additionally, Yingli Green Energy is one of a limited number of large-scale PV companies in the world to have adopted a vertically integrated business model. Through its wholly owned subsidiary Yingli Energy (China) Co., Ltd., Yingli Green Energy currently plans to expand annual production capacity of polysilicon ingots and wafers, PV cells and PV modules to 600 MW by mid-2009. Yingli Green Energy sells PV modules under its own brand name, Yingli Solar, to PV system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, South Korea, Belgium, France, China and the United States. For more information, please visit www.yinglisolar.com.

Saturday, October 4, 2008

Trina Solar Ranked Top 3 in TUV Energy Rating Tests

CHANGZHOU, China, Oct. 3 /Xinhua-PRNewswire-FirstCall/ -- Trina Solar Limited (NYSE: TSL; ''Trina Solar'' or the ''Company''), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, founded in 1997, today announced that its monocrystalline PV modules were ranked among the top three PV modules tested based on yield from TUV Energy Rating Comparison Measurementtests in 2008.

Test results from the Cologne-based TUV Rheinland Group's "Energy Yield 2008" project, released in September 2008, were conducted on a total of 14 international brands of PV modules from European, American and Asian manufacturers. The tests measured the specific energy yield as a percentage of maximum power output over a test period from April 1 to April 30, 2008.

"We are very pleased with our recent TUV test results, which validate our focus to improve manufacturing standards and process efficiencies to yield superior operating performance and stability," said Anthony Chia, Trina Solar's Vice President of Quality. "We look forward to working closely with TUV and other international testing organizations as we continue to enhance our technology research and development efforts for both new and existing products."

About Trina Solar Limited

Trina Solar Limited (NYSE: TSL) is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that has developed a vertically integrated business model from the production of monocrystalline and multicrystalline ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.com

Yingli Green Energy Signs PV Module Sales Contracts with GeckoLogic and Sinosol

BAODING, China, Oct 02, 2008 (BUSINESS WIRE) -- Yingli Green Energy Holding Company Limited ("Yingli Green Energy" or "the Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced it has entered into new PV module sales contracts with leading German PV players GeckoLogic GmbH ("GeckoLogic") and Sinosol AG ("Sinosol").

28 MW PV Module Sales Contract with GeckoLogic

Yingli Green Energy signed a 28 MW PV module sales contract with GeckoLogic, a global solar system design and engineering firm dedicated to the design and installation of high performance PV systems for homes, businesses, government facilities and large commercial buildings. Under the terms of the contract, Yingli Green Energy will supply 28 MW of PV modules to GeckoLogic from January 2009 to December 2009. In addition, GeckoLogic has an option to order an additional 7MW of PV modules from Yingli Green Energy in 2009. The PV modules to be delivered under this contract are expected to be installed in projects in Germany and other countries in Europe.

"During the past three years, we have gradually enhanced our market presence by delivering high performance, high quality PV systems," said Mr. Steve Gyoerffy, Chief Executive Officer of GeckoLogic. "We selected Yingli to be among our top-tier strategic suppliers because of their superior product quality and sustainable module performance, experienced operating team and first-rate customer service. As the largest contract we have signed to date, this contract represents another milestone for our company and for our relationship with Yingli Green Energy."

30 MW PV Module Sales Contract with Sinosol

Yingli Green Energy signed a 30 MW PV module sales contract with Sinosol, a global supplier of photovoltaic systems, and planner and developer of turnkey solar parks. Under the terms of the contract, Yingli Green Energy will supply 30 MW of PV modules to Sinosol. The specific delivery schedule is expected to be finalized in November 2008.

"We have been working with Yingli since 2005," commented Mr. Kay Lee, Chief Executive Officer of Sinosol. "In order to ensure the delivery of high quality performance PV systems, we visit Yingli Green Energy's manufacturing lines a few times each year to learn more about their efforts to enhance quality control procedures and implement new research and development achievements across their entire value chain. Their product quality has impressed us in our past contracts, and we are confident that this contract will play a critical role in the execution of our projects in 2009."

"We are delighted to announce these two new sales contracts with GeckoLogic and Sinosol," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Our initial collaboration with these two companies dates back to 2005. Over the years, we have solidified our relationship with both companies by successfully executing all of our prior contracts. To date, we have signed nearly 100 MW of fixed-price sales contracts for delivery to the German market in 2009. We believe this demonstrates the continued strength of the German market and our ability to sustain our relationships with long-term strategic customers."

Canadian Solar Announces Completion of Ingot & Wafer Plant and Reiterates 2008 Guidance

TORONTO, Oct. 2 /Xinhua-PRNewswire/ -- Canadian Solar Inc. ("the Company","CSI" or "we") (Nasdaq: CSIQ) today announced it has completed and commissioned the Phase I of its ingot and wafer plant on schedule, giving the Company an annualized ingot and wafer capacity of 60 MW. Phase II of the ingot plant is expected to be completed by year-end, ahead of the original schedule. This will bring the Company's ingot and wafer capacity to 150 - 200 MW.

In further developments, Canadian Solar's 250 MW Phase II cell plant will also be completed in October, with the next stage to begin immediately thereafter. As of October, CSI's current annualized capacity is 220 MW and is expected to reach the target of 400 MW by the end of December, also ahead of schedule.

Both new plants are fully financed and fully supplied with both wafer and feedstock for Q4. This will enable the Company to produce 45-50 MW of polysilicon cells and UMG e-Cells internally in Q4. This will be supplemented by solar cells supplied from our long-term solar cell suppliers at competitive prices. In light of these recent developments, the Company is reiterating its top-line revenue and gross margin guidance for 2008 of $850-$970 million and13%-15%, respectively.

For 2009 the Company believes that it has secured approximately 4,000 Metric tons of UMG, enabling it to produce between 250 and 300 MW of UMG e-cells and e-Module in 2009. We are reiterating our shipment and gross margin guidance for 2009 of 500 - 550 MW and 13 - 15%, respectively.

Chairman and CEO Shawn Qu commented: "Demand remains high for both of our regular high-efficiency modules and our proprietary e-Module products. ASP's are expected to remain stable for the balance of the year and the raw material prices have begun to ease. The increased internal production capacity in Q4 will contribute meaningfully to our gross margins and will help us to reach our revenue and margin targets in spite of volatility in the Euro. Our highly flexible vertical integration model is robust; and has allowed us to quickly adopt to the market dynamics. We expect to be able to continue to meet our objectives for 2009 and are cautiously optimistic that there is upside potential in our '09 estimates."

About Canadian Solar Inc. (NASDAQ: CSIQ)

Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar cell, solar module and custom-designed solar application products serving customers worldwide. 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 http://www.csisolar.com .

MMA Renewable Ventures, Suntech Power Holdings Form JV to Develop Photovoltaic Projects

10/2/2008

(RTTNews) - Thursday, MMA Renewable Ventures, a subsidiary of Municipal Mortgage & Equity, LLC said the company and Suntech Power Holdings Co., Ltd. formed Gemini Solar Development Co., a joint venture to develop and finance photovoltaic projects 10 megawatts and larger. Separately, solar energy company Suntech Power Holdings announced two other initiatives, other than forming Gemini Solar, to significantly expand its share of the U.S. solar market.

With regard to creation of joint venture company, the projects undertaken by Gemini Solar will be co-owned and built by MMA Renewable Ventures, Suntech and their third-party finance partners. Suntech's director of structured finance, Kristina Peterson, will assume the role of Gemini's president.

Gemini Solar will supply an end-to-end solution to address the increasing demand for large-scale solar power projects as the U.S. increases its efforts towards energy independence, MMA Renewable Ventures noted.

Chief executive officer of MMA Renewable Ventures, Matt Cheney, commented, "Utility and other large-scale, distributed solar power systems are emerging as one of the fastest growing segments of the solar industry. MMA Renewable Ventures brings structured finance expertise and an unparalleled track record in developing and delivering quality renewable energy projects in the U.S. Suntech is an international innovator in solar, which brings manufacturing, large-scale module supply, advanced solar solutions and global presence to the joint venture. Together, we will enable investors to finance low risk, reliable solar power projects, while helping utilities, industry and government secure reliable, renewable energy right away."

In a separate release, Suntech Power Holdings announced two other initiatives, other than forming Gemini Solar, for the purpose of significantly expanding its share of the U.S. solar market.

One of the initiatives is acquisition of California-based commercial solar system integration company EI Solutions. Suntech expects the acquisition to enable it to provide complete solar solutions to commercial, utility and government customers in US. The new subsidiary will be named Suntech Energy Solutions and EI Solutions' present president, Andrew Beebe, will head the subsidiary.

Another initiative is to rapidly expand Suntech's U.S. dealer network to increase penetration into the residential roof-top and small commercial system solar market and build brand recognition with downstream solar integrators.

According to Suntech, all the three initiatives will enable it to serve more completely the full breadth of U.S. customers, from residential and commercial building owners to utilities and government. Consequently, the company intends to triple sales to the U.S. in 2009.