BEIJING, Feb 13, 2009 (Xinhua via COMTEX) -- China's high-performance solar product producer JA Solar Holdings Co., Ltd. (JASO.Nasdaq) will supply monocrystalline and polycrystalline solar cells to BP Solar International Inc. in 2009 with an initial volume of 175 MW, according to latest announcement by JA Solar.
The ultimate solar cell delivery may reach as much as 360 MW within 2009, according to the announcement.
This supply agreement is pursuant to the broader strategic cooperation agreement signed between JA Solar and BP Alternative Energy Holdings Limited in November of last year.
Samuel Yang, CEO of JA Solar, said, "We believe this extended agreement with BP will positively affect our business in 2009 and the years beyond."
Additionally, JA Solar plans to announce the operating results for the fourth quarter of 2008 and the annual financial report of 2008 in the second week of March 2009.
Showing posts with label BP Solar. Show all posts
Showing posts with label BP Solar. Show all posts
Tuesday, February 24, 2009
Tuesday, January 20, 2009
ReneSola Announces Wafer Supply Agreement With BP Solar
JIASHAN, China, Jan. 20 /PRNewswire-Asia-FirstCall/ -- ReneSola Ltd (''ReneSola'' or the ''Company''), a leading Chinese manufacturer of solar wafers, today announced that it has signed a one-year wafer supply agreement with BP Solar International Inc. (''BP Solar''). Under the terms of the contract, ReneSola will supply BP Solar with 120 megawatts (''MW'') of monocrystalline and multicrystalline solar wafers in 2009 and BP Solar will supply 700 metric tonnes of polysilicon to ReneSola.
''We are pleased to extend our relationship with BP Solar, one of the world's leading solar companies,'' commented Mr. Xianshou Li, ReneSola's chief executive officer. ''This contract demonstrates our continuing efforts to strengthen ties with existing global customers and expand our international business beyond Asia.''
About ReneSola
ReneSola Ltd (''ReneSola'') is a leading global manufacturer of solar wafers based in China. Capitalizing on proprietary technologies and technical know-how, ReneSola manufactures monocrystalline and multicrystalline solar wafers. In addition, ReneSola strives to enhance its competitiveness through upstream integration into virgin polysilicon manufacturing. ReneSola possesses a global network of suppliers and customers that include some of the leading global manufacturers of solar cells and modules. ReneSola's shares are currently traded on the New York Stock Exchange (NYSE: SOL) and the AIM of the London Stock Exchange (AIM: SOLA). For more information about ReneSola, please visit www.renesola.com .
About BP Solar
BP Solar, part of BP Alternative Energy, is a global company with over 2300 employees. BP Solar designs, manufactures and markets products which use the sun's energy to generate electricity for a wide range of applications in the residential, commercial and industrial sectors. With over 30 years of experience and installations in more than 160 countries, BP Solar is one of the world's leading solar companies with solar cell and module manufacturing plants in Bangalore, India; Madrid, Spain; and Frederick, MD, USA; and module manufacturing in Xi'an, China. In Frederick it also has casting and wafering facilities. BP Solar invests more than $10m annually in photovoltaic research and development.
BP Alternative Energy, launched in November 2005, combines all of BP's interests in low and zero-carbon energy including wind, solar, hydrogen power with carbon capture and storage and biofuels for low carbon transport and distributed energy for emerging markets.
BP is one of the world's largest energy companies, with interests in more than 100 countries and over 96,000 employees.
''We are pleased to extend our relationship with BP Solar, one of the world's leading solar companies,'' commented Mr. Xianshou Li, ReneSola's chief executive officer. ''This contract demonstrates our continuing efforts to strengthen ties with existing global customers and expand our international business beyond Asia.''
About ReneSola
ReneSola Ltd (''ReneSola'') is a leading global manufacturer of solar wafers based in China. Capitalizing on proprietary technologies and technical know-how, ReneSola manufactures monocrystalline and multicrystalline solar wafers. In addition, ReneSola strives to enhance its competitiveness through upstream integration into virgin polysilicon manufacturing. ReneSola possesses a global network of suppliers and customers that include some of the leading global manufacturers of solar cells and modules. ReneSola's shares are currently traded on the New York Stock Exchange (NYSE: SOL) and the AIM of the London Stock Exchange (AIM: SOLA). For more information about ReneSola, please visit www.renesola.com .
About BP Solar
BP Solar, part of BP Alternative Energy, is a global company with over 2300 employees. BP Solar designs, manufactures and markets products which use the sun's energy to generate electricity for a wide range of applications in the residential, commercial and industrial sectors. With over 30 years of experience and installations in more than 160 countries, BP Solar is one of the world's leading solar companies with solar cell and module manufacturing plants in Bangalore, India; Madrid, Spain; and Frederick, MD, USA; and module manufacturing in Xi'an, China. In Frederick it also has casting and wafering facilities. BP Solar invests more than $10m annually in photovoltaic research and development.
BP Alternative Energy, launched in November 2005, combines all of BP's interests in low and zero-carbon energy including wind, solar, hydrogen power with carbon capture and storage and biofuels for low carbon transport and distributed energy for emerging markets.
BP is one of the world's largest energy companies, with interests in more than 100 countries and over 96,000 employees.
Tuesday, November 25, 2008
BP Solar placed many orders to Chinese manufacturers
The solar PV industry is experiencing a harsh winter in China, and many Chinese solar wafer, solar cell and solar panel manufacturers have reduced their production, and even some small manufacturers have shut down their factories. The PV industry crisis is caused by the weak international demand and product price shrinking.
But some source disclosed that many Chinese PV manufacturers, including Renesola and Ningbo Solar, are producing products for BP Solar now, and BP Solar has placed some big orders to them, this will keep them quite busy for some time.
But some source disclosed that many Chinese PV manufacturers, including Renesola and Ningbo Solar, are producing products for BP Solar now, and BP Solar has placed some big orders to them, this will keep them quite busy for some time.
Saturday, November 15, 2008
Update: LDK Solar signs wafer supply deal with BP Solar, makes remarks about business in October
14 November 2008 By Mark Osborne
LDK Solar said it has signed a three-year wafer supply deal with BP Solar on the heels of sharing their thoughts about the current business environment. The agreement calls for LDK to provide 435MW of multicrystalline wafers to BP and for BP to supply 1680 metric tons of polysilicon to LDK between 2009 and 2011.
LDK said that as of the end of October 2008, it had secured contracts totaling 1.8GW for 2009 (although it is unclear whether the BP deal is included in those projections). This amount totaled more than 100% of LDK's currently planned output for next year. The company's wafer plant is functioning at full capacity so that they can fulfill its customer orders pursuant to the supply agreements.
The company's cash position totals $460 million and available unused credit facilities total in excess of $430 million. LDK will report its financial results for the third quarter, which ended on 30 September 2008, before the opening of the market on Wednesday, 19 November 2008.
LDK Solar said it has signed a three-year wafer supply deal with BP Solar on the heels of sharing their thoughts about the current business environment. The agreement calls for LDK to provide 435MW of multicrystalline wafers to BP and for BP to supply 1680 metric tons of polysilicon to LDK between 2009 and 2011.
LDK said that as of the end of October 2008, it had secured contracts totaling 1.8GW for 2009 (although it is unclear whether the BP deal is included in those projections). This amount totaled more than 100% of LDK's currently planned output for next year. The company's wafer plant is functioning at full capacity so that they can fulfill its customer orders pursuant to the supply agreements.
The company's cash position totals $460 million and available unused credit facilities total in excess of $430 million. LDK will report its financial results for the third quarter, which ended on 30 September 2008, before the opening of the market on Wednesday, 19 November 2008.
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