Friday, November 7, 2008

Solar Power Generation Cost to Drop to CNY1 per KWH in 2012

WUXI, Nov 07, 2008 (SinoCast via COMTEX) -- China's generation cost of solar power will reach CNY 1 per KWH in 2012, predicted Shi Zhengrong, board chairman and CEO of Suntech Power.

Peng Xiaofeng, board chairman and CEO of solar wafer manufacturer LDK Solar Co., Ltd. (NYSE: LDK), declares that the financial crisis will further lower the company's procurement and labor costs by 40% to 50%.

And China Guodian Corporation (CGDC) has announced the foundation of Guodian Ningxia Solar Energy Company, to build polycrystalline silicon and thin-film cell projects, with a designed production capacity of 10,000 tons per year.

Moreover, Huaneng New Energy Industrial Co., Ltd. (HNEIC) General Manager Zhao Shiming releases that the generation cost of wind power has dropped to CNY 0.5 to CNY 0.6 per KWH, and that of thermal power is CNY 0.2 to CNY 0.3 per KWH.

Shanghai Electric Group Co., Ltd. (SEHK: 2727) Board Chairman and CEO Xu Jianguo reveals that wind power equipment has contributed to 50% of the company's sales revenues, and 60% of its profit.

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