Tuesday, January 15, 2008

Lu An Group Signed Polysilicon Project Contract with Centrotherm

December 17th 2007 Lu An group signed the polysilicon project contract with their Germany partner Centrotherm. This is the first 99.9999999% polysilicon project in Asia.

The project will adopt Simens process to produce polysilicon, and the total project capacity is 5,000 tons. The first phase project capacity is 2,500 ton polysilicon and 60MW solar cell, and will be completed in 2008.

Yingli to Supply Solar Products to EDF

2008 The Associated Press

NEW YORK — Yingli Green Energy Holding Co. said Monday it has agreed to supply solar-power systems with 7 megawatts worth of generating capacity to EDF Energies Nouvelles.

Yingli did not disclose financial terms of the agreement. EDF, a French electricity generator, has an option to order an additional 6 megawatts worth of photovoltaics. All of the orders will be delivered in 2008.

"This sales contract will help us diversify our customer base and further build our presence in the European market," Yingli Chief Executive Liansheng Miao said in a statement.

Himin Solar Energy Gains USD 100 million Foreign Investment

Monday, January 14, 2008; Posted: 07:16 AM

DEZHOU, Jan 14, 2008 (SinoCast via COMTEX) -- Shandong Himin Solar Energy Group Co, Ltd. is to speed up its IPO with the help of international investment companies.

The private solar water heater and vacuum tube producer signed a letter of intent with Goldman Sachs (NYSE: GS), and CDH Investments on January 10, 2008, according to which its two partners will first inject USD 100 million into the company.

They will sign a formal agreement in Beijing before long.

As to the stake the foreign investors are to hold in Himin Solar Energy, its board chairman Huang Ming previously hoped it would reach about more than 20%.

Himin Solar Energy started its preparations for listing several years ago, first targeted the Stock Exchange of Hong Kong, then changed to A-share markets, because its products are oriented to domestic customers, it can gain higher price-to-earnings ratio as well as reputation in Mainland China.

Its sales surged 50% year on year and net profits more than doubled in 2006.