Thursday, December 4, 2008

Suntech and a+f Complete Two Solar Power Plants in Spain

SAN FRANCISCO and WUXI, China, Dec. 4 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd., the world's leading manufacturer of photovoltaic (PV) modules, today announced that it recently completed two solar power plants in Spain in collaboration with a+f GmbH, a subsidiary of the GILDEMEISTER group, whose high performance SunCarrier single axis tracker is a market leader.

Suntech supplied approximately 50% of all modules utilized in an 8.5MWp solar plant in Alange and a 7.4MWp solar plant in Alconera. The modules were installed on over 450 a+f SunCarrier trackers, which increase the power efficiency of the solar systems by up to 32% above that of fixed mounted solar systems. In total the two solar plants will produce enough energy to power around 9,300 households and save carbon dioxide emissions of approximately 19,000 tons per year.

a+f's Managing Director, Dr. Rico Wojanowski said, "Our advanced SunCarrier tracking technology is perfectly matched with Suntech's internationally acclaimed high output solar modules. The combination of these two products enabled us to efficiently use the land available and develop a high power output solar solution that can satisfy the energy needs of thousands of households."

Jerry Stokes, President of Suntech Europe, said, "These solar projects illustrate the potential for inter-value chain collaboration to provide highly efficient and completely sustainable energy solutions. Suntech's dedication to producing premium quality, high power output solar products is a key factor leading to our strong brand recognition in Europe."

Suntech has built strong partnerships with many leading solar project developers and distributors in Spain, Italy and Greece through the consistent supply of extremely reliable, high conversion efficiency solar modules. Suntech expects to ship over 230MW of solar modules to Southern Europe in 2008.

About Suntech

Suntech Power Holdings Co., Ltd. (NYSE: STP) is a world-leading solar energy company as measured by both production output and capacity of solar cells and modules. Suntech is passionate about improving the environment we live in and dedicated to developing advanced solar solutions that enable sustainable development. Suntech designs, develops, manufactures, and markets a variety of high-quality, cost-effective and environmentally friendly solar products for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech offers one of the broadest ranges of BIPV products under the MSK Solar Design Line(TM). Suntech has sales offices worldwide and is a market share leader in key global solar markets. For more information, please visit .

About a+f

Wuerzburg, Germany based a+f GmbH has been working successfully over 15 years as a manufacturer of industrial plant equipment. As a subsidiary of the GILDEMEISTER group, a+f has access to the know-how and skills of this world- market leader in metal-cutting machine tools. In particular, the world-wide service network guarantees rapid reaction times and therefore constant availability for your installation.

China solar wafer supplier LDK urged to cut prices

Nuying Huang, Taipei; Adam Hwang, DIGITIMES [Thursday 4 December 2008]

Gintech Energy, a Taiwan-based maker of crystalline silicon solar cells, has asked LDK Solar, a China-based producer of solar-grade crystalline silicon wafers, to lower its product prices to facilitate the existing cooperation between LDK and Taiwan's solar cell makers, according to industry sources.

Gintech president and COO Ellick Liao made the request to LDK president and COO Xingxue Tong at Tong's visit to Gintech on December 3, the sources indicated. As Taiwan-based makers of solar cells account for about 50% of LDK's total wafer shipments, LDK's price reduction is important to maintain the existing supply chain between LDK and its Taiwan clients, the sources quoted Liao as saying. Tong basically agreed with Liao, but did not said whether LDK would lower prices, the sources noted.

Taiwan makers of solar cells have increasingly suffered from continued drops in spot market price of photovoltaic (PV) modules since November 2008, and therefore strongly hope for reduction in procurement costs of wafers through negotiation with their contract suppliers, of which LDK is a major one, the sources pointed out.

The PV module price drops have stemmed from high inventory levels in main markets: 1.5 months in Germany and 2-3 months in Spain, the sources noted. A reasonable inventory level is two weeks, the sources explained.

To cope with the falling prices of PV modules, Taiwan solar cell makers will have to accept cash-on-delivery orders only, control inventory levels to no more than two weeks, create product differentiation, and enhance sale-related services, the sources cited Liao as suggesting.

China Yingli sees panel shipments up 60 pct in 2009

HONG KONG, Dec 3 (Reuters) - Chinese solar cell maker Yingli Green Energy Holding Co Ltd expects its shipments of solar modules to rise 60 percent next year, with demand for solar panels likely to exceed supply despite the global economic downturn.

Yingli expects shipments of solar modules to reach 400 megawatts (MW) next year from about 250 this year, Cherradi Nabih, Yingli Green's vice president for manufacturing, said on the sidelines of the Clinton Global Initiative conference.

"In a way the crisis has helped the industry. Because of the crisis, there has been big pressure on the price of materials, including polysilicon, which is down about 50 percent this year from last year," said Nabih.

The fall in the price of polysilicon, a key material for solar cells that turn sunlight to electricity, has made Yingli's production more cost efficient, he said.
(Reporting by Leonora Walet)

Solar-Fabrik AG signs agreement with JA Solar Holdings Co., Ltd. for the supply of 30 MWp of solar cells

Freiburg (euro adhoc) - Freiburg, 03/12/2008. Solar-Fabrik AG (ISIN: DE0006614712) has entered into an agreement with JA Solar Holdings Co., Ltd of China for the supply of 30 megawatts of solar cells. The agreement initially has a term of one year, though both firms have expressed an interest in extending it.

The agreement specifies a supply of five-inch monocrystalline wafers. However, the contractual volume is to be expanded to include the supply of six-inch monocrystalline and polycrystalline cells. "We are pleased to add JA Solar to our list of high-quality partners for the supply of raw materials", commented Christoph Paradeis, CEO at Solar-Fabrik AG. "Tests conducted in advance of the agreement confirmed the high quality of the firm's solar cells. They fulfill Solar-Fabrik's quality requirements. With JA Solar we have added yet another crucial strategic partner to our team of suppliers that will help us successfully tackle the future challenges of the solar market."

Based in China, JA Solar is a manufacturer of high-performance solar cells and is considered a reliable and quality supplier that has exhibited impressive growth rates and currently has a capacity exceeding 500 MWp.

"We are pleased to be able to work with Solar-Fabrik, a pioneer and quality leader in the international solar industry", explains Ray Wilson, Vice President Sales & Marketing of JA Solar. "These new business relations with the Solar-Fabrik Group strengthen our customer base on the global solar market."

By forming a partnership with JA Solar, Solar-Fabrik has found a partner that can not only keep up with the Group's fast growth on this highly competitive market, but also offers a lot of value for the money. The agreement will allow Solar-Fabrik to expand its market share. In fiscal 2009, Solar-Fabrik plans to ramp up sales of solar panels by at least 70%.