July 12, 2007
The week's solar stock euphoria continued with an announcement today from China Sunergy (NASDAQ: CSUN) that it has received patent approval on a new N-type solar cell.
Shares of China Sunergy are up 5 percent, or $0.64, to $11.80 this morning. The stock had slid the last two weeks from its post-IPO high of almost $14。
The State Intellectual Property Office of The People's Republic Of China ("SIPO") approved a patent for 20 years on the company's new N-cell design.
China Sunergy commericalizes both P and N-type materials, both of them traditionally used in "p-n junction" solar cells, the most common sort of solar cell.
China Sunergy has also submitted a patent application to SIPO for P-type selective emitter cell technology and expects approval in 2009.
''Our strong new product pipeline, which will include P-type selective emitter cells and N-type cells, and the exciting progress in commercializing the former, is giving us confidence that we will be one of the technology leaders in the years ahead. Furthermore, this will also help us address the raw material supply tightness that the industry is experiencing at the moment," said Tingxiu Lu, Chairman and CEO of China Sunergy.
China Sunergy sells solar cell products to Chinese and other module manufacturers and system integrators, who assemble solar cells into solar modules and solar power systems for use in various markets.
It's been a generally great week for Asian and other solar stocks, with customer wins and other positive news driving many in the sector upwards
Thursday, July 12, 2007
Baoding, China: Yingli Green Energy Wins Spanish Sales Contract
July 2, 2007
Yingli Green Energy, a vertically integrated photovoltaic, or PV, product manufacturer in China, has entered into a sales contract with Control y Montages Industriales CYMI S.A. ("CYMI") to supply 9.55 megawatts of PV modules to CYMI in 2007.
Mr. Liansheng Miao, the chairman and CEO of Yingli Green Energy, commented, "We are very pleased to announce this significant transaction in Spain, which further solidifies our market position and grows our market share in Spain, one of our most important markets, and demonstrates our capability in expanding our reach into the southern European markets as a result of increasing recognition of our brand and product quality. Due to the country's favorable feed-in tariffs and significant exposure to sunshine throughout the year, the PV market in Spain has grown rapidly in recent years. We believe that this will likely continue to provide us with opportunities."
Yingli Green Energy Holding Company Limited, through Baoding Tianwei Yingli New Energy Resources Co., Ltd., its principal operating subsidiary based in China, 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 those that operate on a stand-alone basis. With an annual production capacity of 95 megawatts of polysilicon ingots and wafers, 90 megawatts of PV cells and 100 megawatts of PV modules as of today.
Yingli Green Energy, a vertically integrated photovoltaic, or PV, product manufacturer in China, has entered into a sales contract with Control y Montages Industriales CYMI S.A. ("CYMI") to supply 9.55 megawatts of PV modules to CYMI in 2007.
Mr. Liansheng Miao, the chairman and CEO of Yingli Green Energy, commented, "We are very pleased to announce this significant transaction in Spain, which further solidifies our market position and grows our market share in Spain, one of our most important markets, and demonstrates our capability in expanding our reach into the southern European markets as a result of increasing recognition of our brand and product quality. Due to the country's favorable feed-in tariffs and significant exposure to sunshine throughout the year, the PV market in Spain has grown rapidly in recent years. We believe that this will likely continue to provide us with opportunities."
Yingli Green Energy Holding Company Limited, through Baoding Tianwei Yingli New Energy Resources Co., Ltd., its principal operating subsidiary based in China, 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 those that operate on a stand-alone basis. With an annual production capacity of 95 megawatts of polysilicon ingots and wafers, 90 megawatts of PV cells and 100 megawatts of PV modules as of today.
China Solar Cell Production Output in 2007 will reach 1GW
In 2006 China solar cell production output was 385MW, 15% of the global total ouput. And it is estimated that in 2007 China solar cell production output will reach 1GW, 25% of the global total ouput.
Wednesday, July 11, 2007
Yingli Green Energy Gets Solar Deal
Associated Press 07.10.07, 2:52 PM ET
German chemical company Wacker Chemie AG signed an eight-year supply deal with Yingli Green Energy Holding Co. to provide polysilicon, a material used to build solar cells, the Chinese manufacturer said Tuesday.
Financial terms of the deal were not disclosed.
The Munich, Germany-based company will deliver enough polysilicon to the Chinese solar cell manufacturer to produce 400 megawatts of solar cells starting 2010 through 2018. Solar power technology uses solar cells to convert light from the sun into electricity.
"This new long-term supply agreement, together with two existing long-term supply agreement with Wacker scheduled from 2009 through 2013 and 2017, will greatly support our Phase III expansion project," said Liansheng Miao, chairman and chief executive of Yingli Green Energy, in a statement.
As part of its Phase III project, Yingli Green Energy is seeking to grow all three of its major product lines by 400 megawatts each by 2008, and 600 megawatts each by 2010, a company spokesman said.
Shares of Yingli Green Energy fell 3 cents to $17.93 in midday trading.
German chemical company Wacker Chemie AG signed an eight-year supply deal with Yingli Green Energy Holding Co. to provide polysilicon, a material used to build solar cells, the Chinese manufacturer said Tuesday.
Financial terms of the deal were not disclosed.
The Munich, Germany-based company will deliver enough polysilicon to the Chinese solar cell manufacturer to produce 400 megawatts of solar cells starting 2010 through 2018. Solar power technology uses solar cells to convert light from the sun into electricity.
"This new long-term supply agreement, together with two existing long-term supply agreement with Wacker scheduled from 2009 through 2013 and 2017, will greatly support our Phase III expansion project," said Liansheng Miao, chairman and chief executive of Yingli Green Energy, in a statement.
As part of its Phase III project, Yingli Green Energy is seeking to grow all three of its major product lines by 400 megawatts each by 2008, and 600 megawatts each by 2010, a company spokesman said.
Shares of Yingli Green Energy fell 3 cents to $17.93 in midday trading.
Tuesday, July 10, 2007
Trina Solar Announces Several Solar PV Module Contract Wins in Europe
July 09, 2007: 09:03 AM EST
CHANGZHOU, China, July 9 /Xinhua-PRNewswire-FirstCall/ -- Trina Solar Limited ("Trina Solar" or the "Company"), an integrated manufacturer of solar power products based in Changzhou, China, announced today several contract wins to supply solar photovoltaic (PV) modules with an aggregate output of up to 99MW to key accounts in Europe over the next two to three years. Initial shipments have been made on each of the contracts.
"Our recent contract wins demonstrate our success in targeting large and medium-sized companies, including PV system integrators, distributors and wholesalers," remarked Mr. Arturo Herrero, Trina Solar's Director of Sales & Marketing. "These contract wins are also an important step for Trina Solar to continue gaining brand recognition in some of the most strategic solar PV markets in Europe and positions Trina Solar well to further expand its presence in these important markets."
During the first half of 2007, Trina Solar made significant progress towards consolidating its position in Germany and penetrating the solar PV markets in Spain and Italy. The Company's contract wins during the period include:
-- 6MW contract with Enerpoint in Italy to supply solar modules over the next three years
-- 22MW to 33MW contract with Tecnospot in Italy to supply solar modules over the next three years
-- 20MW contract with Enereco in Italy to supply solar modules over the next three years
-- 40MW contract with IBC Solar in Germany to provide IBC with solar modules over the next two years, extendable to a higher volume
"We are extremely pleased with our progress in the European market in general and with our very strong presence in the fastest growing solar PV module markets in Spain and Italy," said Mr. Jifan Gao, Trina Solar's Chairman and CEO. "Our outlook remains positive, and as we enter the seasonally stronger quarters of the year and continue to expand our geographic footprint into new markets, we anticipate significant growth in revenues as we establish Trina Solar as one of the top global solar products companies."
About Trina Solar Limited
Trina Solar Limited , through its wholly-owned subsidiary Changzhou Trina Solar Energy Co., Ltd., is an integrated solar PV manufacturer based in China. The company began research and development efforts in solar products in 1999 and in 2002 it started the system integration business. The company moved into the assembly of solar modules in 2004 as well as the manufacturing of monocrystalline ingots, wafers and cells in 2005, 2006, and 2007, respectively. The company's solar modules provide reliable and environmentally-friendly electric power for residential, commercial, industrial and other applications worldwide. The company sells its products to customers around the globe, including a number of European countries, such as Germany, Spain and Italy, where government incentives have accelerated the adoption of solar power. For further information, visit the company's website at http://www.trinasolar.com .
CHANGZHOU, China, July 9 /Xinhua-PRNewswire-FirstCall/ -- Trina Solar Limited ("Trina Solar" or the "Company"), an integrated manufacturer of solar power products based in Changzhou, China, announced today several contract wins to supply solar photovoltaic (PV) modules with an aggregate output of up to 99MW to key accounts in Europe over the next two to three years. Initial shipments have been made on each of the contracts.
"Our recent contract wins demonstrate our success in targeting large and medium-sized companies, including PV system integrators, distributors and wholesalers," remarked Mr. Arturo Herrero, Trina Solar's Director of Sales & Marketing. "These contract wins are also an important step for Trina Solar to continue gaining brand recognition in some of the most strategic solar PV markets in Europe and positions Trina Solar well to further expand its presence in these important markets."
During the first half of 2007, Trina Solar made significant progress towards consolidating its position in Germany and penetrating the solar PV markets in Spain and Italy. The Company's contract wins during the period include:
-- 6MW contract with Enerpoint in Italy to supply solar modules over the next three years
-- 22MW to 33MW contract with Tecnospot in Italy to supply solar modules over the next three years
-- 20MW contract with Enereco in Italy to supply solar modules over the next three years
-- 40MW contract with IBC Solar in Germany to provide IBC with solar modules over the next two years, extendable to a higher volume
"We are extremely pleased with our progress in the European market in general and with our very strong presence in the fastest growing solar PV module markets in Spain and Italy," said Mr. Jifan Gao, Trina Solar's Chairman and CEO. "Our outlook remains positive, and as we enter the seasonally stronger quarters of the year and continue to expand our geographic footprint into new markets, we anticipate significant growth in revenues as we establish Trina Solar as one of the top global solar products companies."
About Trina Solar Limited
Trina Solar Limited , through its wholly-owned subsidiary Changzhou Trina Solar Energy Co., Ltd., is an integrated solar PV manufacturer based in China. The company began research and development efforts in solar products in 1999 and in 2002 it started the system integration business. The company moved into the assembly of solar modules in 2004 as well as the manufacturing of monocrystalline ingots, wafers and cells in 2005, 2006, and 2007, respectively. The company's solar modules provide reliable and environmentally-friendly electric power for residential, commercial, industrial and other applications worldwide. The company sells its products to customers around the globe, including a number of European countries, such as Germany, Spain and Italy, where government incentives have accelerated the adoption of solar power. For further information, visit the company's website at http://www.trinasolar.com .
Subscribe to:
Posts (Atom)
