Tuesday, January 15, 2008

Lu An Group Signed Polysilicon Project Contract with Centrotherm

December 17th 2007 Lu An group signed the polysilicon project contract with their Germany partner Centrotherm. This is the first 99.9999999% polysilicon project in Asia.

The project will adopt Simens process to produce polysilicon, and the total project capacity is 5,000 tons. The first phase project capacity is 2,500 ton polysilicon and 60MW solar cell, and will be completed in 2008.

Yingli to Supply Solar Products to EDF

2008 The Associated Press

NEW YORK — Yingli Green Energy Holding Co. said Monday it has agreed to supply solar-power systems with 7 megawatts worth of generating capacity to EDF Energies Nouvelles.

Yingli did not disclose financial terms of the agreement. EDF, a French electricity generator, has an option to order an additional 6 megawatts worth of photovoltaics. All of the orders will be delivered in 2008.

"This sales contract will help us diversify our customer base and further build our presence in the European market," Yingli Chief Executive Liansheng Miao said in a statement.

Himin Solar Energy Gains USD 100 million Foreign Investment

Monday, January 14, 2008; Posted: 07:16 AM

DEZHOU, Jan 14, 2008 (SinoCast via COMTEX) -- Shandong Himin Solar Energy Group Co, Ltd. is to speed up its IPO with the help of international investment companies.

The private solar water heater and vacuum tube producer signed a letter of intent with Goldman Sachs (NYSE: GS), and CDH Investments on January 10, 2008, according to which its two partners will first inject USD 100 million into the company.

They will sign a formal agreement in Beijing before long.

As to the stake the foreign investors are to hold in Himin Solar Energy, its board chairman Huang Ming previously hoped it would reach about more than 20%.

Himin Solar Energy started its preparations for listing several years ago, first targeted the Stock Exchange of Hong Kong, then changed to A-share markets, because its products are oriented to domestic customers, it can gain higher price-to-earnings ratio as well as reputation in Mainland China.

Its sales surged 50% year on year and net profits more than doubled in 2006.

Saturday, January 12, 2008

Solarfun signs two new long-term contracts

Jan 11 (Reuters) - Photovoltaic cell maker Solarfun Power Holdings Co Ltd said it has signed a 140 MW long-term wafer contract with Wacker Schott Solar GmbH through a subsidiary, Solarfun Power Hong Kong Ltd.

According to the contract, deliveries will begin this year, the China-based company said in a statement.

Solarfun also signed a contract with France's EDF Energies Nouvelles, a green electricity generation company, for 17 MW of monocrystalline modules and an option for the sale of an additional 5 MW.

Solarfun said it reduced expectations of polysilcion supply from Jiangsu Zhongneng PV Technology Development Co Ltd to Solarfun's 52 percent subsidiary, Jiangsu Yangguang Solar Technology Co Ltd.

Based on reduced delivery volume in 2007, it now expects the amount of polysilicon to be delivered in 2008 and 2009 to be significantly less.

Friday, January 11, 2008

ULVAC Provides Thin-Film Equipment To China's Startup PV Firm

Thursday 10 January 2008

China Solar Power Holdings Ltd. (CSP), a subsidiary of Tano China Capital Management Inc., has entered the thin-film solar cell market in China by partnering with ULVAC Inc., a solar cell production equipment manufacturer headquartered in Chigasaki, Japan.

CSP has selected Yantai, in Shandong Province in northwest China, as the site of its first manufacturing facilities. The PV production lines supplied by ULVAC utilize G5-sized glass substrates designed for full-scale solar power generation plants. The plant will initially produce modules based on single-junction amorphous silicon technology, with an annual capacity of about 50 MW.

CSP says it will quickly transition the production lines to produce tandem-junction modules with a higher efficiency rating. The annual capacity for the line with the higher-efficiency modules is expected to increase from 50 MW to approximately 64 MW in 2010.

The lines will incorporate plasma-enhanced chemical vapor deposition equipment, laser scribers, sputtering equipment and encapsulation equipment. ULVAC will install and commission the production lines at CSP's Yantai plant and train CSP's operations