January 03, 2008: 09:00 AM EST
HONG KONG, Jan. 3 /Xinhua-PRNewswire-FirstCall/ -- China Technology Development Group Corporation , a provider of clean and renewable energy products and solutions focusing on solar energy business in China, today announced that it held a ribbon cutting ceremony to showcase the first SnO2 production line at China Merchants Zhangzhou Development Zone on December 28, 2007.
Accompanied by Mr. Alan Li, our Chairman and Chief Executive Officer, many important government and business leaders including Dr. Yuning Fu, President of China Merchants Group ("CMG"), Mr. Zheng Hu, Vice President of CMG, Mr. Keqing Liu, Secretary General of Zhangzhou Government, Mr. Jianguo Li, Mayor of Zhangzhou City, and Mr. Bin Wu, General Manager of China Merchants Zhangzhou Development Zone, participated in this important opening ceremony. All of participants also had an opportunity to tour CTDC's 129,000 square feet manufacturing facility. The local government officials not only publicly endorsed CTDC's investment in the solar energy sector focusing the China market, they also vowed to provide all necessary government support and other incentives, such as land and grant, to CTDC in the future.
This ceremony marks another key milestone for the company to manufacture and sell the proprietary SnO2 base plates, a key component of a-Si (Amorphous Silicon) Thin Film PV products, which can optimize the performance of Building Integrated Photovoltaic (BIPV). BIPV involves solar panels integrated directly into a building's architecture to provide one source of electricity for the building. Amorphous-silicon material is itself semi-transparent and thus is most suitable for transparent modules.
"We are honored to have so many government and business leaders to attend the opening ceremony of our first showcase production line, and receive full support and endorsement from them on our new expansion into solar energy business in China," commented Mr. Alan Li, Chairman and CEO of CTDC, "Under the vast investment holdings by China Merchants Group, we are the only platform which focuses exclusively on alternative energy and Green technology development. We fully intend to leverage the abundant resource and support from CMG, our principal shareholder, to become a leader in clean and renewable energy sector in China, and ultimately deliver greater shareholder value."
About SnO2 base plate technology:
SnO2 solar base plate is a type of transparent conductive oxide (TCO) substrate of amorphous silicon (a-Si) or thin film solar cells. SnO2 thin films have a number of benefits: they are corrosion resistant; have good thermal stability; are of low cost yet have high rigidity; and have excellent photo-electronic properties. SnO2 base plates have a variety of applications in solar cells, liquid crystal displays, gas-sensitive sensors, antifogging devices and electrostatic protection, especially in Low-E glass.
About CTDC
CTDC is a provider of clean and renewable energy products and solutions focusing on solar energy business in China. CTDC's ultimate principal shareholder is China Merchants Group ( http://www.cmhk.com ), one of the biggest state-owned conglomerates in China.
For more information, please visit our website at http://www.chinactdc.com
Friday, January 4, 2008
Hubei New Huaguang plans to invest 60 million RMB in Yunnan Tianda Photovoltaic
Hubei New Huaguang plans to further invest 60 million RMB in Yunnan Tianda Photovoltaic, at present Hubei New Huaguang is already the biggest share holder of Yunnan Tianda Photovoltaic. The investment is waiting for the approval from Chinese government.
Yunnan Tianda Photovoltaic has great ambition to become one of the top three solar cell manufacturers in China in 2008.
Yunnan Tianda Photovoltaic has great ambition to become one of the top three solar cell manufacturers in China in 2008.
Solarfun Announces New CEO
SHANGHAI, China, Jan 03, 2008 (BUSINESS WIRE) -- Solarfun Power Holdings Co., Ltd. (NASDAQ:SOLF), an established manufacturer of photovoltaic cells, modules and ingots in China, today announced the appointment of Henricus Johannes Petrus "Harold" Hoskens as Chief Executive Officer. His tenure will commence on February 25, 2008 for an initial term of three years. Mr. Hoskens joins Solarfun from TPO Displays Corporation, Chunan Taiwan, where he recently served as Deputy CEO. Lu Yonghua, Chairman of Solarfun commented, "We are very fortunate to have attracted Harold to the Solarfun team. The growth and changing dynamics of the solar industry require leadership and expertise in operating and international experience. Harold has a proven track record in manufacturing, supply chain management, technology and customer relations. He is a well-rounded executive who can lead Solarfun to become a leading competitor in the burgeoning solar industry."
Mr. Lu will continue to serve as Chairman and remain actively involved in our business focusing on various areas of strategic importance to Solarfun.
Mr. Hoskens began his career with Royal Philips in 1988 following the receipt of his Master's Degree in Industrial Engineering & Management Science from Eindhoven University of Technology. In his first period at Philips he focused on Supply Chain and Supply Base execution and improvement for different business entities.
In 1997, Mr. Hoskens moved to the Royal Philips' Mobile Display Systems division in Hong Kong, serving as its CEO beginning in September 2003. MDS was a leading global player in the mobile LCD markets with extensive operations throughout Asia, as well as South America and Europe. At MDS, Mr. Hoskens helped to introduce new product concepts with leading customers in the cellular and automotive industries.
Mr. Hoskens led MDS into a merger with Toppoly from Taiwan, creating TPO Displays Corporation. TPO Displays focuses on the leading technologies for mobile displays (LTPS-TFT and AMOLED). In the integration process after the merger, he served in Taiwan as Deputy CEO with a focus on customers, technology and marketing for the newly established company. TPO Displays is currently privately held.
Mr. Hoskens noted that, "Solarfun is poised for continued growth. Its manufacturing scale, strong customer base, especially in Europe, and its efficient and low-cost manufacturing advantages from being located in China are all factors that attracted me to this organization. The solar industry is growing and dynamic. Companies that capture a leadership position over time will have low-cost manufacturing, high quality products, strong technology and strong brand recognition. I believe my experience and track record at Royal Philips and TPO fit well with these demands and I look forward to contributing to Solarfun's continued success."
Mr. Lu will continue to serve as Chairman and remain actively involved in our business focusing on various areas of strategic importance to Solarfun.
Mr. Hoskens began his career with Royal Philips in 1988 following the receipt of his Master's Degree in Industrial Engineering & Management Science from Eindhoven University of Technology. In his first period at Philips he focused on Supply Chain and Supply Base execution and improvement for different business entities.
In 1997, Mr. Hoskens moved to the Royal Philips' Mobile Display Systems division in Hong Kong, serving as its CEO beginning in September 2003. MDS was a leading global player in the mobile LCD markets with extensive operations throughout Asia, as well as South America and Europe. At MDS, Mr. Hoskens helped to introduce new product concepts with leading customers in the cellular and automotive industries.
Mr. Hoskens led MDS into a merger with Toppoly from Taiwan, creating TPO Displays Corporation. TPO Displays focuses on the leading technologies for mobile displays (LTPS-TFT and AMOLED). In the integration process after the merger, he served in Taiwan as Deputy CEO with a focus on customers, technology and marketing for the newly established company. TPO Displays is currently privately held.
Mr. Hoskens noted that, "Solarfun is poised for continued growth. Its manufacturing scale, strong customer base, especially in Europe, and its efficient and low-cost manufacturing advantages from being located in China are all factors that attracted me to this organization. The solar industry is growing and dynamic. Companies that capture a leadership position over time will have low-cost manufacturing, high quality products, strong technology and strong brand recognition. I believe my experience and track record at Royal Philips and TPO fit well with these demands and I look forward to contributing to Solarfun's continued success."
Solarfun Enters Silicon Supply Seal
Solarfun to Purchase $230 Million in Solar Wafers From Korean Company
January 03, 2008: 07:47 AM EST
NEW YORK (Associated Press) - Solarfun Power Holdings Co. said Thursday it has agreed to purchase $230 million worth of silicon wafers from a Korean conglomerate over a seven-year period.
Solarfun did not disclose the name of its partner.
Under the agreement, the solar-power system maker will receive the wafers starting this month. Volumes will accelerate to products with 30 megawatts worth of annual generating capacity by 2011.
A one-megawatt plant running continuously at full capacity can power 778 households each year, according to the U.S. Department of Energy. Solar technology has lower capacity since its power generation is constrained by availability of the sun.
Prices will be fixed, but decline through the contract's term. Fixed-price contracts are favored by solar-product makers since spot prices for polysilicon are much more expensive. As more capacity comes on line to produce the costly solar and semiconductor component, analysts and the industry expect prices to ease.
As part of the deal, the Korean company also receives options to purchase back a certain percentage of the wafers as full solar systems beginning in 2009.
Solarfun Chairman Lu Yonghua said in a statement that the contract will help the Qidong, China-based company meet its goal to manufacture products with 360 megawatts worth of generating capacity by mid-2008.
It also allows the company to "explore OEM as a possible addition to our business model," Yonghua said. OEM, or original equipment manufacturing, is an agreement in which multiple companies partner to manufacture a product, but sell it under one brand.
January 03, 2008: 07:47 AM EST
NEW YORK (Associated Press) - Solarfun Power Holdings Co. said Thursday it has agreed to purchase $230 million worth of silicon wafers from a Korean conglomerate over a seven-year period.
Solarfun did not disclose the name of its partner.
Under the agreement, the solar-power system maker will receive the wafers starting this month. Volumes will accelerate to products with 30 megawatts worth of annual generating capacity by 2011.
A one-megawatt plant running continuously at full capacity can power 778 households each year, according to the U.S. Department of Energy. Solar technology has lower capacity since its power generation is constrained by availability of the sun.
Prices will be fixed, but decline through the contract's term. Fixed-price contracts are favored by solar-product makers since spot prices for polysilicon are much more expensive. As more capacity comes on line to produce the costly solar and semiconductor component, analysts and the industry expect prices to ease.
As part of the deal, the Korean company also receives options to purchase back a certain percentage of the wafers as full solar systems beginning in 2009.
Solarfun Chairman Lu Yonghua said in a statement that the contract will help the Qidong, China-based company meet its goal to manufacture products with 360 megawatts worth of generating capacity by mid-2008.
It also allows the company to "explore OEM as a possible addition to our business model," Yonghua said. OEM, or original equipment manufacturing, is an agreement in which multiple companies partner to manufacture a product, but sell it under one brand.
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