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

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