The global solar energy industry is booming and China's is one of the fastest growing world-wide. However, severe global shortages of polysilicon, the key raw material in solar cell production, are inhibiting growth. China is only one production center in solar energy industry, the solar cells and solar panels are only made in China, but the key manufacturing technologies are monopolized by a small number of European, U.S. and Japanese companies, China's industry is particularly vulnerable.
What's more, the cost of solar electricity is still very high, without the subsidy from the government the market for solar electricity is very narrow.
It is reported that the global solar cell production output in 2006 is 2500 Megawatts, 1080 Megawatts higher than the installed solar cell in 2006. At present the installation is less than the production output, while the production output is less than the production capacity.
So even the Chinese manufacturers may have access to enough polycrystalline silicon, we should not be optimistic about China's solar energy industry since there is no big enough market for the huge production capacity, unless the solar electricity cost is reduced closed to the conventional electricity cost.
Monday, May 14, 2007
Sunday, May 13, 2007
China's LDK Solar files with U.S. SEC for IPO
WASHINGTON, May 11 (Reuters) - China's LDK Solar Co. Ltd. filed with U.S. regulators on Friday for an initial public offering of up to $400 million in American Depositary Shares.
The company, which manufactures solar wafers used to produce solar cells, said in a filing with the U.S. Securities and Exchange Commission that Morgan Stanley, UBS Investment Bank, Piper Jaffray, CIBC World Markets, and CLSA Asia-Pacific Markets are underwriting the IPO.
LDK Solar plans to list its ADSs on the New York Stock Exchange under the symbol "LDK".
The company, which manufactures solar wafers used to produce solar cells, said in a filing with the U.S. Securities and Exchange Commission that Morgan Stanley, UBS Investment Bank, Piper Jaffray, CIBC World Markets, and CLSA Asia-Pacific Markets are underwriting the IPO.
LDK Solar plans to list its ADSs on the New York Stock Exchange under the symbol "LDK".
Top Solar Water Heater Manufacturers in China
China is the biggest solar water heater production country and the biggest solar water heater market in the world. It is said that there are over 3000 solar water heater manufacturers in China, and here I would like to name the top 10 solar water heater suppliers in China for your reference. They are Himin Solar Energy, Tsinghua Solar, Jiangsu Huayang Solar Energy, Aucma Solar, Tianpu, Xin Sang Pu, Sangle Solar Energy, Jiangsu Huaiyin Huihuang Solar Energy, Guangdong Macro Gas Appliance, Sijimicoe.
If you would like to know more about the solar water heater industry in China, please feel free to contact me at solar-in-china@hotmail.com
If you would like to know more about the solar water heater industry in China, please feel free to contact me at solar-in-china@hotmail.com
Saturday, May 12, 2007
2006 Solar Cell Production Output
The global solar cell production output in 2006 is 2500 megawatt with 42% increase from 2005. The biggest producer is Japan: 928 megawatt, followed by Germany 657 megawatt, China 369.5 mega watt, and America 202 megawatt.
China's Yingli Green Energy files for IPO worth up to $350M
The Associated Press Published: May 11, 2007
WASHINGTON: Yingli Green Energy Holding Co. Ltd., a Chinese maker of solar cells, filed Friday for an initial public offering of up to $350 million (€259.53 million) in American Depositary Shares.
The company would become the sixth Chinese solar-power company to be listed in the United States.
The company said it plans to list its ADSs on the New York Stock Exchange under the symbol "YGE."
Details about the number of ADSs to be offered or an estimated price range for the offering weren't disclosed in the company's prospectus filed with the U.S. Securities and Exchange Commission.
The company said it intends to use the net proceeds from the IPO to fund a planned expansion of manufacturing capacity, to buy raw materials, repay debt and for other general corporate purposes.
WASHINGTON: Yingli Green Energy Holding Co. Ltd., a Chinese maker of solar cells, filed Friday for an initial public offering of up to $350 million (€259.53 million) in American Depositary Shares.
The company would become the sixth Chinese solar-power company to be listed in the United States.
The company said it plans to list its ADSs on the New York Stock Exchange under the symbol "YGE."
Details about the number of ADSs to be offered or an estimated price range for the offering weren't disclosed in the company's prospectus filed with the U.S. Securities and Exchange Commission.
The company said it intends to use the net proceeds from the IPO to fund a planned expansion of manufacturing capacity, to buy raw materials, repay debt and for other general corporate purposes.
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