September 14, 2007: 07:36 AM EST
HEBEI, China, Sept. 14, 2007 (PRIME NEWSWIRE) -- JA Solar Holdings Co., Ltd. ("JA Solar," "the Company") (Nasdaq:JASO) today announced that it has extended its wafer supply agreement with ReneSola Ltd. ("ReneSola") (LSE:SOLA). Under the new agreement, ReneSola will supply an additional 60MW of wafers to JingAo Solar Co., Ltd. ("JingAo"), the wholly-owned operating subsidiary of JA Solar, from 2008 to 2010.
Samuel Yang, Chief Executive Officer of JA Solar said, "This latest agreement is in line with our growth plans and continued efforts to meet customer demand. The agreement builds on our existing relationship with ReneSola, and further strengthens our supply chain."
Separately, JA Solar announced that SunPower Corporation, Systems ("SP Systems"), a subsidiary of SunPower Corporation ("SunPower") that was formerly known as PowerLight Corporation, and JingAo agreed to terminate, effective as of September 12, 2007, their Contract for the Delivery of Solar Cells (the "Agreement"), dated January 12, 2007. The Agreement was a three-year supply contract providing the general terms and conditions pursuant to which JingAo would supply SP Systems with up to 120 megawatts of silicon solar cells beginning in 2007. However, the parties have determined that an unanticipated quality problem with respect to metallurgical grade polysilicon could not be resolved in the near term. In addition, the Agreement provided pricing terms through only June 2007 and required the parties to renegotiate thereafter, but the parties have not reached any further agreement regarding pricing. Under the Agreement, if the parties do not agree on pricing terms after June 2007, JingAo is not obligated to sell and SP Systems is not obligated to purchase additional solar cells. As a result of the unresolved quality problems with respect to metallurgical grade polysilicon and unresolved pricing terms, the parties have agreed that it is mutually beneficial to terminate the Agreement. Termination of this agreement is not expected to have a material impact on JA Solar's 2007 or 2008 revenues or earnings.
About JA Solar Holdings Co., Ltd.
Based in Hebei, China, JA Solar Holdings Co., Ltd. is an emerging and fast-growing manufacturer of high-performance monocrystalline solar cells. The Company sells its products to solar module manufacturers who assemble and integrate its solar cells into modules and systems that convert sunlight into electricity. For more information, please visit http://www.jasolar.com.
Monday, September 17, 2007
2008 Beijing Olympic Games To Widely Use Solar Energy
BEIJING, Sept 13 (Bernama) -- Solar power will be widely applied during the 2008 Beijing Olympic Games, China's Xinhua news agency reported Thursday quoting a senior government official as saying.
Li Zhonghai, senior official with the China Association for Standardization said about 90 percent of all the hot water used in the Olympic village will be solar heated, and 80 to 90 percent of street lights around the Olympic venues will also be solar powered.
Li, who is also the member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) said about 40 million Chinese households, or 150 million Chinese people, now use solar energy in their daily lives.
According to the People's Daily, China is the world's biggest user of solar water heating.
Following the implementation of the Renewable Energy Law in 2006, China's solar heating market is valued at tens of billions of yuan and has provided hundreds of thousand jobs, said the newspaper.
Li Zhonghai, senior official with the China Association for Standardization said about 90 percent of all the hot water used in the Olympic village will be solar heated, and 80 to 90 percent of street lights around the Olympic venues will also be solar powered.
Li, who is also the member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) said about 40 million Chinese households, or 150 million Chinese people, now use solar energy in their daily lives.
According to the People's Daily, China is the world's biggest user of solar water heating.
Following the implementation of the Renewable Energy Law in 2006, China's solar heating market is valued at tens of billions of yuan and has provided hundreds of thousand jobs, said the newspaper.
Sunday, September 16, 2007
Zhejiang Bijing Technology Produces 99.9999% Polysilicon By Physical Process
Dr. Qiao Li came back to China in 2006, he studyed polysilicon production technology in U.S.A. And he founded Zhejiang Bijing Technology together with two Shangyu companies, at present Zhejiang Bijing Technology has successfully produced 99.9999% polysilicon by some physical process. Their first phase project is 100 tons, and the second phase project is 1000 tons.
Saturday, September 15, 2007
China South will acquire Tianwei group and invest 45 billion RMB in the new energy business
It is said that China South will sign the agreement to acquire Tianwei group soon, and China South plans to invest 15 billion RMB in the new energy business (especially the solar energy business) of Tianwei Group in the 11th five year plan period, and further invest 30 billion RMB in future.
Both China South and Tianwei Group are 100% state-owned enterprise, Yingli Solar is the subsidiary of Tianwei Group. China South plans to make Tianwei Group go public in the first half year of 2008, and China South will try to get more control of Yingli Solar.
Both China South and Tianwei Group are 100% state-owned enterprise, Yingli Solar is the subsidiary of Tianwei Group. China South plans to make Tianwei Group go public in the first half year of 2008, and China South will try to get more control of Yingli Solar.
China Solar Cell Production Equipment Annual Sales Will Reach 500 Million RMB in 2007
According to the statistics from China Information Industry Ministry, the solar cell production equipment sales from the major 10 manufacturers in the first half year of 2007 is 264 million RMB, it is the 80% of the total sales of 2006.
264 million RMB includes the 143 million RMB of the sales of silicon material production equipments and the 121 million RMB of the sales of solar cell production equipments. The solar cell production equipment sales in 2007 is expected to reach 500 million RMB.
264 million RMB includes the 143 million RMB of the sales of silicon material production equipments and the 121 million RMB of the sales of solar cell production equipments. The solar cell production equipment sales in 2007 is expected to reach 500 million RMB.
Subscribe to:
Posts (Atom)
