-Feasibility study for the first parabolic trough power plant in China
-Start of construction planned for next year
-Flagsol technology subsidiary crucial to creation of feasibility study
Erlangen/Hohhot (China), August 22, 2007. Solar Millennium AG, Erlangen (ISIN: DE0007218406), together with Inner Mongolia Lvneng New Energy Co. Ltd., has founded a company with headquarters in Hohhot in the People’s Republic of China. Both companies each own 50 percent of the new company Inner Mongolia STP Development Co. Ltd. based in Hohhot. The joint venture was established for the development and construction of the first parabolic trough power plant in China. The first step is the commissioning of a feasibility study expected to be completed by mid-2008. Once a positive result from the study has been obtained, the realisation of the solar thermal power plant is planned immediately.
The joint venture is the first result of the framework agreement signed last year in the presence of the Chinese Prime Minister Wen Jiabao, German Chancellor Angela Merkel and the German Federal Minister of Economics and Technology Michael Glos. This agreement stipulates the construction of solar thermal power plants with a total output of 1,000 megawatts by Solar Millennium and two Chinese companies.
This planned first project covers the construction of a parabolic trough power plant with an output of 50 megawatts in Inner Mongolia. The project was already included in China's current five-year plan and is meant to be an example for the use of such technology in China. Three alternative locations are considered as part of the feasibility study. Flagsol GmbH, the technology subsidiary of Solar Millennium AG, has been commissioned to carry out large parts of the feasibility study and will pay special attention to the design of the solar field.
Solar Millennium Chairman of the Board, Christian Beltle, comments: "We want to start with the construction of the first parabolic trough power plant in China as early as next year. Solar Millennium AG has successfully developed the first parabolic trough power plants in Europe and will now be able to construct the first solar thermal power plants in China. Constructing this power plant in a joint venture with our Chinese partners as an example of sustainable power generation in this region - a region that is characterized by rapidly increasing energy consumption - is a great honor for us."
Each parent company will provide half of the management of the joint venture.
About Solar Millennium AG:
Solar Millennium AG, Erlangen, is a globally active company in the renewable energy sector, with its main focus on solar thermal power plants. Solar Millennium specializes in parabolic trough power plants - a reliable, proven technology in which the company is a worldwide leader. The company covers all important business sectors of the value-added chain for solar thermal power plants, from project development to technology and the turn-key construction of power plants, to the operation and ownership of power plants. In Spain, Solar Millennium developed Europe's first ever parabolic trough power plants, two of which are already under construction. Further projects are planned with a capacity of several hundred Megawatts are located worldwide, with the focus upon Spain, the USA, China and North Africa. The company is also developing solar chimney power plants, with the aim of making this technology ready for the market.
About Inner Mongolia Lvneng New Energy Co. Ltd.:
The Inner Mongolia Lvneng New Energy Co. Ltd., with headquarters in Hohhot in the People’s Republic of China, specializes in renewable energies. The company, which was established by national research institutes and Inner Mongolia Ruyi Industrial Stock Co. Ltd. (a company in the energy trading and resource sector), has considerable project management, project development and project consulting experience in the renewable energy sector, especially concerning wind energy.
About the technology:
Solar thermal power plants generate electricity using heat energy captured from solar radiation. In a parabolic trough power plant, trough-shaped mirrors concentrate the sun rays onto a pipe in the focal line of the collector. Their absorption causes a heat transfer fluid to be heated in the pipe, generating steam in the power block by way of heat exchange. As with conventional power stations, the steam is utilized in a turbine to generate power; by integration of thermal storage, this power can then be supplied on demand. Thus, solar power plants can also generate electricity after sunset.
Monday, September 10, 2007
Solar thermal power generation in China
At present China has only built one 70KW solar tower project in Nanjing, and the power generation cost is about USD 0.27 per KWH. The experts have obtained 4 Chinese patents and two U.S patents from this project. And Chinese experts are working on one 100KW parabolic trough solar thermal project now.
And Chinese government has decided to build one 1MW solar thermal power generation project.
Chinese experts believe they can reduce the solar thermal power generation cost to USD 0.08 per KWH within 4 years.
Saturday, September 8, 2007
China Technology Development goes solar
September 7, 2007
China Technology Development Group (Nasdaq: CTDC), a Hong Kong-based computer network security company, announced today that it would enter the solar sector.
The company said it established a strategic partnership with New York's Terra Solar Global, a manufacturer of thin-film photovoltaic systems and turnkey facilities.
Financial terms of the deal were not disclosed.
Terra Solar is 51 percent owned by China Solar Energy Holdings, another Hong Kong company.
"We want to be in an industry that has tremendous growth potential. With strong support from our major shareholders, we are determined to build up a leading position in the renewable energy sector in the near future," said Alan Li, chairman and CEO of China Technology Development.
The company said the new partnership received an endorsement from China Tech's largest shareholder, the state-owned China Merchants Group.
China Tech plans to hold its annual general meeting in October, where it hopes to obtain shareholders' approval for the company's move into solar.
China Tech said it will manufacture and sell Terra Solar's proprietary tin oxide base plate, a key component of amorphous silicon thin-film photovoltaic products.
In July, China Tech announced a proposal to buy a plant in Zhangzhou for $6 million from another unit of China Merchants.
China Technology Development Group (Nasdaq: CTDC), a Hong Kong-based computer network security company, announced today that it would enter the solar sector.
The company said it established a strategic partnership with New York's Terra Solar Global, a manufacturer of thin-film photovoltaic systems and turnkey facilities.
Financial terms of the deal were not disclosed.
Terra Solar is 51 percent owned by China Solar Energy Holdings, another Hong Kong company.
"We want to be in an industry that has tremendous growth potential. With strong support from our major shareholders, we are determined to build up a leading position in the renewable energy sector in the near future," said Alan Li, chairman and CEO of China Technology Development.
The company said the new partnership received an endorsement from China Tech's largest shareholder, the state-owned China Merchants Group.
China Tech plans to hold its annual general meeting in October, where it hopes to obtain shareholders' approval for the company's move into solar.
China Tech said it will manufacture and sell Terra Solar's proprietary tin oxide base plate, a key component of amorphous silicon thin-film photovoltaic products.
In July, China Tech announced a proposal to buy a plant in Zhangzhou for $6 million from another unit of China Merchants.
Friday, September 7, 2007
LDK Solar Secures EPCM Services for Construction of Polysilicon Manufacturing Facilities in Xinyu City, PRC
September 07, 2007: 03:15 AM EST
XINYU CITY, China and SUNNYVALE, Calif., Sept. 7 /PRNewswire-FirstCall/ -- LDK Solar Co., Ltd. , a leading manufacturer of multicrystalline solar wafers, today announced that it has signed an agreement with Fluor Corporation to provide general engineering, procurement, construction management (EPCM) services for LDK's polysilicon manufacturing plant at its Xinyu, Jiangxi headquarters. The total contract is in excess of $1 billion.
This signed agreement is in line with the company's publicly announced plans to complete construction and reach a production capacity of up to 6,000 metric tons of polysilicon by the end of 2008 and 15,000 metric tons by the end of 2009. The company has also indicated that it plans to commence volume production by the end of 2008.
"We are pleased that Fluor will work with us to achieve high-quality construction management standards during this significant endeavor. Our partnership with a reputable EPCM service provider reiterates our commitment to remaining on schedule and within budget in establishing its polysilicon production plant," said Mr. Xiaofeng Peng, Chairman and Chief Executive Officer. "Speed of execution will be a key to this agreement, and there will be an incentive to Fluor if this project is performed ahead of schedule and below budget. This latest agreement once again demonstrates execution of our strategy as we align our resources to facilitate our capacity expansion plans."
About LDK Solar
LDK Solar Co., Ltd. is a leading manufacturer of multicrystalline solar wafers, which are the principal raw material used to produce solar cells. LDK sells multicrystalline wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. In addition, the company provides wafer processing services to monocrystalline and multicrystalline solar cell and module manufacturers. LDK's headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi province in the People's Republic of China. The company's office in the United States is located in Sunnyvale, California.
About Fluor
Fluor Corporation provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 500 company with revenues of $14.1 billion in 2006. For more information visit http://www.fluor.com.
XINYU CITY, China and SUNNYVALE, Calif., Sept. 7 /PRNewswire-FirstCall/ -- LDK Solar Co., Ltd. , a leading manufacturer of multicrystalline solar wafers, today announced that it has signed an agreement with Fluor Corporation to provide general engineering, procurement, construction management (EPCM) services for LDK's polysilicon manufacturing plant at its Xinyu, Jiangxi headquarters. The total contract is in excess of $1 billion.
This signed agreement is in line with the company's publicly announced plans to complete construction and reach a production capacity of up to 6,000 metric tons of polysilicon by the end of 2008 and 15,000 metric tons by the end of 2009. The company has also indicated that it plans to commence volume production by the end of 2008.
"We are pleased that Fluor will work with us to achieve high-quality construction management standards during this significant endeavor. Our partnership with a reputable EPCM service provider reiterates our commitment to remaining on schedule and within budget in establishing its polysilicon production plant," said Mr. Xiaofeng Peng, Chairman and Chief Executive Officer. "Speed of execution will be a key to this agreement, and there will be an incentive to Fluor if this project is performed ahead of schedule and below budget. This latest agreement once again demonstrates execution of our strategy as we align our resources to facilitate our capacity expansion plans."
About LDK Solar
LDK Solar Co., Ltd. is a leading manufacturer of multicrystalline solar wafers, which are the principal raw material used to produce solar cells. LDK sells multicrystalline wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. In addition, the company provides wafer processing services to monocrystalline and multicrystalline solar cell and module manufacturers. LDK's headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi province in the People's Republic of China. The company's office in the United States is located in Sunnyvale, California.
About Fluor
Fluor Corporation provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 500 company with revenues of $14.1 billion in 2006. For more information visit http://www.fluor.com.
China Nuvo Solar Energy to Establish Chinese Pilot Facility
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--China Nuvo Solar Energy, Inc. (the "Company" or "China Nuvo") (OTCBB: CNUV) announced today that it has executed a binding term sheet with Pioneer Materials, Inc. ("PMI") of Torrance, California, to establish a pilot development and manufacturing operation in PMI's Chengdu, Sichuan, China facility located in Chengdu’s West High Tech development zone.
The agreement with PMI has the objective of establishing initial production of solar cells using China Nuvo's licensed technology based on an invention titled "Photovoltaic cell with integral light transmitting waveguide in a ceramic sleeve". As discussed in the Company's previous press releases, China Nuvo's licensed technology offers a number of significant advantages in light trapping efficiencies and certain production economies compared to current technologies.
PMI is a manufacturer and supplier of materials for the semiconductor, hard drive media, optical media and photonic industries. PMI is developing for the solar energy industry advanced materials for thin film photovoltaics (solar cell) processing.
The companies are currently negotiating the terms of a definitive agreement that is expected to be completed within the next thirty days.
China Nuvo Solar Energy, Inc. is a development stage company that has acquired a license for exclusive worldwide rights to a unique solar cell technology.
The agreement with PMI has the objective of establishing initial production of solar cells using China Nuvo's licensed technology based on an invention titled "Photovoltaic cell with integral light transmitting waveguide in a ceramic sleeve". As discussed in the Company's previous press releases, China Nuvo's licensed technology offers a number of significant advantages in light trapping efficiencies and certain production economies compared to current technologies.
PMI is a manufacturer and supplier of materials for the semiconductor, hard drive media, optical media and photonic industries. PMI is developing for the solar energy industry advanced materials for thin film photovoltaics (solar cell) processing.
The companies are currently negotiating the terms of a definitive agreement that is expected to be completed within the next thirty days.
China Nuvo Solar Energy, Inc. is a development stage company that has acquired a license for exclusive worldwide rights to a unique solar cell technology.
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