TORONTO, Oct 09, 2008 /Xinhua-PRNewswire via COMTEX/ -- Canadian Solar Inc. ("the Company", "CSI" or "we") today announced that it has signed a sales contract with Systaic AG of Germany. Systaic will purchase 60 MW of regular solar modules for delivery in 2009. Systaic has been a customer of CSI since the beginning of 2008.
To date, CSI's sales contracts in Europe stipulate minimum shipments of approximately 226 MW. These contracts have options for up to an additional 80 MW of purchases for total European sales in the range of 226 - 306 MW out of our planned capacity of 500 - 550 MW. All these contracts were signed in the past month and primarily reflect the demand from large, long-standing customers in Germany. We have also signed sales contracts in Italy, the Czech Republic, Spain, and France, and are on track to increase sales in these countries. We are satisfied with the order booking level we achieved so far and predict it to increase significantly once our many on-going discussions with Spanish and Italian customers conclude in the next a couple of months. Our North American and Asian sales are also on track, which the Company will issue separate update later this Fall.
Prices reflect market conditions and are in principle fixed for the first two quarters. Our cost-effective e-Modules are selling at a small discount to the regular high-efficiency polysilicon module. The order books for both products are strong. Our balanced product portfolio provides a wide market coverage that is unique in the solar industry.
Chairman and CEO Shawn Qu remarked: "We are very pleased to announce the extension of our strategic relationship with Systaic. This marks the tenth 2009 sales contract we have signed in the past month. Systaic is a large and well-known systems integrator based in Germany with significant design capabilities and projects throughout Europe."
Shawn Qu continues: "The next-year order booking ratio we achieved in September is the highest in the Company's history. This demonstrates the commitment and the confidence of both CSI and our customers in the PV industry and the solar energy market. We are making rapid progress towards meeting our 2009 sales contract objectives. Similarly our customers are successfully developing and financing viable projects for 2009 in spite of a turbulent environment; this contract is a material milestone towards achieving our goals."
CSI will be exhibiting at Solar Power International 2008 in San Diego from October 14th to October 16th (booth 1939) and will present at the investor conferences sponsored by Piper Jaffrey and Lazard Capital.
About Canadian Solar Inc. (Nasdaq: CSIQ)
Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar cell, solar module and custom-designed solar application products serving customers worldwide. CSI is incorporated in Canada and conducts all of its manufacturing operations in China. Backed by years of experience and knowledge in the solar power market and the silicon industry, CSI has become a major global provider of solar power products for a wide range of applications. For more information, please visit http://www.csisolar.com .
About Systaic AG
Due to the consequent implementation of its strategy, Systaic AG belongs to the fastest growing companies in the sector of renewable energies in Europe. The SYSTAIC group produces and markets Europe-wide a new generation of solar systems that differs significantly from the systems currently available on the market. The product portfolio is enhanced by the offer of comprehensive services. The patent-pending integrated system solutions for buildings are highly flexible regarding their design and are offered together with a yield guarantee for over 24 years.
Friday, October 10, 2008
Thursday, October 9, 2008
Global WindPower 2008 Conference & Exhibition will be held in Beijing October 29th-31st
Organized by the leading industry associations working in China, Global WindPower 2008 Conference & Exhibition is the meeting point for all wind professionals working in China. There is something of interest for both industry veterans and newcomers, with three days of conference sessions, an interactive exhibition of wind energy products and services, and numerous networking opportunities. Global WindPower 2008 is an event that you cannot afford to miss.
Wind industry professionals from around the world will come to Beijing to share their knowledge and experience with you. Conference sessions will cover both technical and policy developments in the Chinese market, as well as an outlook on the market's future developments.
Time: 29th – 31th Oct.,2008
Venue: China International Exhibition Center (NEW VENUE)
Wind industry professionals from around the world will come to Beijing to share their knowledge and experience with you. Conference sessions will cover both technical and policy developments in the Chinese market, as well as an outlook on the market's future developments.
Time: 29th – 31th Oct.,2008
Venue: China International Exhibition Center (NEW VENUE)
China to Subsidize Wind Turbines
26 August 2008
by Justin Moresco
The Chinese government said Friday it will subsidize wind power equipment makers as the country continues its drive to generate 15 percent of its energy needs from renewable sources by 2020.
"This is quite significant," said Caitlin Pollock, Asia wind energy analyst for Emerging Energy Research, based in Cambridge, Massachusetts. "It will spur further growth."
The policy marks the first Chinese subsidy exclusively targeting wind power and highlights the Asian country's increasing interest in wind as a major source of energy. The government has set an official target of 30 gigawatts of installed wind capacity by 2020.
Last year China had a total of 5.9 gigawatts of installed capacity, according to Emerging Energy Research. The research group expects the country will nearly double that figure this year to 11.1 gigawatts.
But the subsidy also continues China's overarching policy of growing domestic manufacturing in parallel with overall renewable energy production. China wants to be greener, and it wants the transition to be led by local companies.
That's why only Chinese majority-owned turbine manufactures that source blades and other components from majority locally owned suppliers will qualify for the subsidy. And the subsidized amount--$88 per kilowatt for the first 50 units generating 1.5 megawatts or more--can only be used for research and development purposes.
Although there are more than 40 wind turbine vendors in China today, most have opted to license technology from foreign companies. The policy is intended to reverse that trend, Pollock said.
And in the long run, the subsidy should help make Chinese wind companies more competitive with their foreign rivals, such as GE Energy of the U.S. and Danish Vestas Wind Systems.
by Justin Moresco
The Chinese government said Friday it will subsidize wind power equipment makers as the country continues its drive to generate 15 percent of its energy needs from renewable sources by 2020.
"This is quite significant," said Caitlin Pollock, Asia wind energy analyst for Emerging Energy Research, based in Cambridge, Massachusetts. "It will spur further growth."
The policy marks the first Chinese subsidy exclusively targeting wind power and highlights the Asian country's increasing interest in wind as a major source of energy. The government has set an official target of 30 gigawatts of installed wind capacity by 2020.
Last year China had a total of 5.9 gigawatts of installed capacity, according to Emerging Energy Research. The research group expects the country will nearly double that figure this year to 11.1 gigawatts.
But the subsidy also continues China's overarching policy of growing domestic manufacturing in parallel with overall renewable energy production. China wants to be greener, and it wants the transition to be led by local companies.
That's why only Chinese majority-owned turbine manufactures that source blades and other components from majority locally owned suppliers will qualify for the subsidy. And the subsidized amount--$88 per kilowatt for the first 50 units generating 1.5 megawatts or more--can only be used for research and development purposes.
Although there are more than 40 wind turbine vendors in China today, most have opted to license technology from foreign companies. The policy is intended to reverse that trend, Pollock said.
And in the long run, the subsidy should help make Chinese wind companies more competitive with their foreign rivals, such as GE Energy of the U.S. and Danish Vestas Wind Systems.
Tuesday, October 7, 2008
Canadian Solar Signs 2009 Sales Contract with Iliotec of Germany
TORONTO, Oct. 6 /Xinhua-PRNewswire/ -- Canadian Solar Inc. ('the Company', 'CSI' or 'we') (Nasdaq: CSIQ) today announced that it has signed two sales contracts with Iliotec Solar GmbH and Iliotec Solar International. Through these two contracts, Iliotec will purchase from CSI 28MW of solar modules and obtain the option for another 20MW for delivery in 2009, with module prices fixed for the first six months.
As one of the leading solar system installers in Germany, Iliotec Solar GmbH has been a reliable and continuous customer of CSI since 2005. Iliotec Solar International designs and implements solar projects around the world.
Chairman and CEO Shawn Qu remarked: 'These two contracts mark the seventh and eighth annual 2009 sales contracts we have signed with our long-term and loyal European customers in the past month. These contracts typically feature fixed prices for the first six months. The demand and pricing for Canadian Solar's products remains strong and our order building process for 2009 is well on track. Our customers have also indicated that financing remains available for solar projects in Europe and are moving ahead with their plans. With the renewal of the ITC and its application to utilities' companies in the U.S. we also expect to see strong demand for 2009 in the U.S. market. CSI is the only company in the world that offers both high-efficiency polysilicon modules and cost-effective UMG e-Modules. Combined with our strong and proven customer base, we have are well-positioned us for continuous growth in 2009.'
About Canadian Solar Inc. (Nasdaq: CSIQ)
Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar cell, solar module and custom-designed solar application products serving customers worldwide. CSI is incorporated in Canada and conducts all of its manufacturing operations in China. Backed by years of experience and knowledge in the solar power market and the silicon industry, CSI has become a major global provider of solar power products for a wide range of applications. For more information, please visit http://www.csisolar.com .
As one of the leading solar system installers in Germany, Iliotec Solar GmbH has been a reliable and continuous customer of CSI since 2005. Iliotec Solar International designs and implements solar projects around the world.
Chairman and CEO Shawn Qu remarked: 'These two contracts mark the seventh and eighth annual 2009 sales contracts we have signed with our long-term and loyal European customers in the past month. These contracts typically feature fixed prices for the first six months. The demand and pricing for Canadian Solar's products remains strong and our order building process for 2009 is well on track. Our customers have also indicated that financing remains available for solar projects in Europe and are moving ahead with their plans. With the renewal of the ITC and its application to utilities' companies in the U.S. we also expect to see strong demand for 2009 in the U.S. market. CSI is the only company in the world that offers both high-efficiency polysilicon modules and cost-effective UMG e-Modules. Combined with our strong and proven customer base, we have are well-positioned us for continuous growth in 2009.'
About Canadian Solar Inc. (Nasdaq: CSIQ)
Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar cell, solar module and custom-designed solar application products serving customers worldwide. CSI is incorporated in Canada and conducts all of its manufacturing operations in China. Backed by years of experience and knowledge in the solar power market and the silicon industry, CSI has become a major global provider of solar power products for a wide range of applications. For more information, please visit http://www.csisolar.com .
Yingli Green Energy and EN-NEO Enter into Supplementary Contract for Sales in 2009
BAODING, China, Oct 06, 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 has entered into a supplementary contract ("New Contract") to the sales contract disclosed on June 5, 2008 ("Original Contract") with EN-NEO NEUE ENERGIEN GmbH ("EN-NEO"), one of the leading specialists in PV energy projects worldwide. Under the Original Contract, Yingli Green Energy agreed to supply 9.19 MW of PV modules to EN-NEO from October 2008 to December 2008, and EN-NEO had an option to purchase an additional 9 MW of PV modules from Yingli Green Energy in 2009. Under the New Contract, EN-NEO has agreed to exercise the option by purchasing the additional 9 MW PV modules, which are expected to be delivered from February 2009 to April 2009.
"We are pleased to announce this new contract with EN-NEO," said Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. "We entered into two deals with EN-NEO within four months, which we believe demonstrates the confidence they have in our products and the desire both companies have to deepen the relationship. Although there are many challenges ahead, including potential effects of the recent turmoil in the financial markets, we believe German PV market is developing well, primarily because of the country's relatively long experience with the PV industry and a clear and short governmental approval process."
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 by mid-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 www.yinglisolar.com.
"We are pleased to announce this new contract with EN-NEO," said Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. "We entered into two deals with EN-NEO within four months, which we believe demonstrates the confidence they have in our products and the desire both companies have to deepen the relationship. Although there are many challenges ahead, including potential effects of the recent turmoil in the financial markets, we believe German PV market is developing well, primarily because of the country's relatively long experience with the PV industry and a clear and short governmental approval process."
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 by mid-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 www.yinglisolar.com.
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