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.
Friday, September 7, 2007
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.
Wednesday, September 5, 2007
China Unveils $266 Billion Renewable Energy Plan
Windsor Genova - AHN Writer
Beijing, China (AHN) - China unveiled on Tuesday a plan to increase its use of renewable energy by 15 percent or the equivalent of 600 million tons of coal by 2020. The plan is meant to reduce the country's green house gas emissions while sustaining its economic growth.
State-run media said China derived only 7.5 percent of its energy from renewable sources in 2005. Now, Beijing says the plan, published by the National Development and Reform Commission, will spend $266.7 billion from 2006 to 2020 to develop hydropower, wind power, biomass and solar energy.
The plan says that by 2020, China will be producing 300 million kilowatts (kW) of hydropower, 30 million kW of wind power, 30 million kW biomass energy and 1.8 million kW of solar power.
China will also cut use of 10 million tons of oil per year and instead use 10 million tons of bio-ethanol and two million tons of bio-diesel.
The plan says that by 2020, 300 million people from rural areas will use biogas as fuel.
At present, China uses coal, oil and gas for heat, power and transportation.
Beijing, China (AHN) - China unveiled on Tuesday a plan to increase its use of renewable energy by 15 percent or the equivalent of 600 million tons of coal by 2020. The plan is meant to reduce the country's green house gas emissions while sustaining its economic growth.
State-run media said China derived only 7.5 percent of its energy from renewable sources in 2005. Now, Beijing says the plan, published by the National Development and Reform Commission, will spend $266.7 billion from 2006 to 2020 to develop hydropower, wind power, biomass and solar energy.
The plan says that by 2020, China will be producing 300 million kilowatts (kW) of hydropower, 30 million kW of wind power, 30 million kW biomass energy and 1.8 million kW of solar power.
China will also cut use of 10 million tons of oil per year and instead use 10 million tons of bio-ethanol and two million tons of bio-diesel.
The plan says that by 2020, 300 million people from rural areas will use biogas as fuel.
At present, China uses coal, oil and gas for heat, power and transportation.
Tuesday, September 4, 2007
Photovaltaic ceramics will join PV market in 2008
Foshan Kingtile Ceramics has successfully produce photovaltaic ceramics samples, then they will begin to commercially produce photovaltaic ceramics in the middle of 2008.
Photovaltaic ceramics may absorb the solar power, then turn into electricity. Photovaltaic ceramics may be produced into wall brick and floor brick to increase the solar power absorbing area.
Photovaltaic ceramics may absorb the solar power, then turn into electricity. Photovaltaic ceramics may be produced into wall brick and floor brick to increase the solar power absorbing area.
Xinyi Ultra Clear PV Glass Production Line Begins Operation
Xinyi Glass, headquartered in Shenzhen, China, announced that it successfully began operation of a new melting furnace and ultra clear photovoltaic glass manufacturing line on August 28.
The line is expected to produce 300 tons per day of low-iron, textured glass with more than 91 percent solar transmittance to meet the increasing market demand from crystalline solar module manufacturers.
"The inauguration of this production line marks the optimization of the group's product structure and another major step forward in the group advance into the energy saving and environmentally-friendly glass market," says Lee Yin Yee, chairman of Xinyi Glass. "The rapid growing energy saving and environmentally-friendly glass, construction glass and automobile glass markets have been fuelling demand for quality flat glass including high quality float glass and ultra-clear photovoltaic glass for solar energy system. Against this backdrop, the newly completed production line beginning operation has not only enhanced the group's overall production scale, but also agrees with the latest market development trend."
According to a company announcement, the successful ignition of the ultra clear glass production line will further elevate Xinyi Glass's capabilities in its production of specialized high quality glass products for the global market.
The line is expected to produce 300 tons per day of low-iron, textured glass with more than 91 percent solar transmittance to meet the increasing market demand from crystalline solar module manufacturers.
"The inauguration of this production line marks the optimization of the group's product structure and another major step forward in the group advance into the energy saving and environmentally-friendly glass market," says Lee Yin Yee, chairman of Xinyi Glass. "The rapid growing energy saving and environmentally-friendly glass, construction glass and automobile glass markets have been fuelling demand for quality flat glass including high quality float glass and ultra-clear photovoltaic glass for solar energy system. Against this backdrop, the newly completed production line beginning operation has not only enhanced the group's overall production scale, but also agrees with the latest market development trend."
According to a company announcement, the successful ignition of the ultra clear glass production line will further elevate Xinyi Glass's capabilities in its production of specialized high quality glass products for the global market.
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