Tuesday, November 25, 2008

BP Solar placed many orders to Chinese manufacturers

The solar PV industry is experiencing a harsh winter in China, and many Chinese solar wafer, solar cell and solar panel manufacturers have reduced their production, and even some small manufacturers have shut down their factories. The PV industry crisis is caused by the weak international demand and product price shrinking.

But some source disclosed that many Chinese PV manufacturers, including Renesola and Ningbo Solar, are producing products for BP Solar now, and BP Solar has placed some big orders to them, this will keep them quite busy for some time.

Tianjin Huanou Semiconductor Material signed polysilicon purchase agreement with Jiangsu Shunda

November 25th 2008, Tianjin Huanou Semiconductor Material disclosed that they have signed polysilicon purchase agreement with Jiangsu Shunda, the contract value is 1.32 billion RMB. No detailed information is available.

Two thin film projects landed in Zhenjiang

November 23rd 2008, Taiwan Asia Solar Company and Hongkong Cambridge Thin Film Solar Company signed investment agreement with Zhenjiang government to build thin film projects in Zhenjiang.

Taiwan Asia Solar Company will invest 45 million USD to produce thin film solar cell production equipments, and the first production line will be installed in the first half year 2009, and the production capacity will reach 48 thin film solar cell production lines in 5 years.

Hongkong Cambridge Thin Film Solar Company will invest 90 million USD to produce thin film solar cells, and the production lines will be purchased from Taiwan Asia Solar Company. 4 thin film solar cell production lines will be installed in 3 years, 2 pcs of 50MW production lines and 2 pcs of 100MW production lines, then the total production capacity will reach 300MW.

China subsidizes renewable energy power generation

Xinhua Economic News (2008/11/24)

BEIJING, Nov 24, 2008 (Xinhua via COMTEX) -- China will provide 2.023 billion yuan of subsidies to 148 renewable energy power generation projects from October 2007 to June 2008, according to a notice issued by the National Development and Reform Commission and the State Electricity Regulatory Commission.

Included are 102 wind power programs, 43 biomass power programs, three solar energy power projects with overall installed capacity and on-grid electricity of 5.6972 million kilowatt and 7.721 billion kilowatt hours.

The subsidy policy is designed to compensate the partial on-grid renewable energy electricity price, operating and maintenance fees of independent public renewable energy power system, power grid connection fee as well as losses of straw-fired power generating programs.

In addition, 12 provincial power grid enterprises are allowed to introduce the additional electricity fee from other their counterparts of other provinces through quota trading to make up their fund shortage. The transaction volume will amount to 873 million yuan.

Electricity grid enterprises are required to honor the subsidies and quota transactions within ten working days.

China has subsidized 38 renewable energy power generation projects with total installed capacity of 1.414 million kilowatt hours in 2006 with 260 million yuan.

China introduced Renewable Energy Law starting from January 1, 2006 and issued pricing mechanism and amortization measures on renewable energy power generation later to prompt the development of renewable energy sector.