September 27, 2007: 02:19 AM EST
Sep. 27, 2007 (Thomson Financial delivered by Newstex) -- BEIJING (XFN-ASIA) - China is failing to take full advantage of its solar power (OTCBB:SOPW) potential, and the rate of capacity growth is still too slow, according to an industry report.
Although the government aims to lift total solar power capacity to 10,000 megawatts by the end of 2030, the figure had not yet reached 100 MW by the end of last year, according to the report, published by Greenpeace, the World Wildlife Federation and the China Association for the Comprehensive Utilization of Resources, and cited in the official People's Daily.
The pace of growth is also extremely slow, with only about 10-15 MW of additional capacity created over the whole of last year.
Most of the raw materials for the solar power industry are imported, while about 90 pct of the finished panels are sold abroad, the report said, and China still has not developed its own silicon supplies to support the industry.
Kong Li, the vice-secretary of the China Academy of Renewable Energy, told The People's Daily that the cost of producing photovoltaic panels is still too high, and popular awareness of the advantages of renewable energy is insufficient.
The government is only paying lip service to the development of the industry, he said.
At the beginning of this month, the government released its medium- to long-term development plan for China's renewable energy industry, and said that the country's total solar generation capacity would reach 1,800 MW by 2020.
The government also aims to lift the proportion of renewable energy in its total consumption to 15 pct by 2020.
david.stanway@xinhuafinance.com
Thursday, September 27, 2007
Wednesday, September 26, 2007
Dalu Group Invests in Polysilicon Project
September 26 Dalu Group held its polysilicon project ground breaking ceremony in Hohehot, Inner Mongolia.
Dalu Group has the plan to build the complete solar product line. The polysilicon project is just their first step.
The total polysilicon production capacity is 18,000 ton, and the first phase project is 3,000 ton, and the second phase project is 5,000 ton and the third phase project is 10,000 ton. The first phase project will be completed in 2009, and the whole project will be completed in about 5 years.
Dalu Group has the plan to build the complete solar product line. The polysilicon project is just their first step.
The total polysilicon production capacity is 18,000 ton, and the first phase project is 3,000 ton, and the second phase project is 5,000 ton and the third phase project is 10,000 ton. The first phase project will be completed in 2009, and the whole project will be completed in about 5 years.
Tuesday, September 25, 2007
Suntech Launches High Output Solar Modules for the U.S. Solar Market
Suntech Launches the Most Powerful 72 Cell Solar Module in the U.S. Market
September 25, 2007: 08:15 AM EST
WUXI, China and LONG BEACH, Calif., Sept. 25 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. , one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced the introduction and availability of the STPVb-1 and STPUb-1 range of high output solar modules targeting grid connected applications in North America. These products will be on display from September 25 to September 27 at the Solar Power 2007 Conference and Expo being held in Long Beach, CA and are available for sale for delivery in 2008.
With the introduction of the STPVb-1 modules, Suntech is offering the most powerful standard 72 solar cell module available in the U.S. market. Using six-inch solar cells, these new modules produce between 260 and 280 watts of solar power and are designed for use in large commercial roof and ground mounted applications.
"With a few hundred thousand of the STPVb modules already installed and operating in large projects throughout Spain and Germany, we have already proven the value and reliability of this new product. Our STPVb modules were introduced to the United States market as part of the largest solar power plant installed there to date at the 8.22MW Alamosa, Colorado project. These modules offer a very tight power tolerance, and their size and power result in reduced panel installation and balance of system costs, one of the most important factors in a successful project and demonstrate Suntech's leadership position in achieving grid parity for its PV modules," said Roger Efird, President of Suntech America, Inc.
Suntech's STPUb-1 modules are rated 190 to 210 watts and are approximately 1.5 meters long and 1 meter wide. The smaller solar modules are suitable for large residential installations, as well as commercial projects that require an appropriate compromise between physical size and its power.
"Designers tell us that some applications require a module that is small enough to be easily handled, yet powerful enough to still provide installation cost savings when compared to smaller modules. The STPUb-1 module is our direct response to this U.S. market need," Mr. Efird added.
For additional information, visit the Suntech exhibit booth in Hall B, Booth 364 at the Long Beach Convention and Entertainment Center.
About Suntech
Suntech Power Holdings Co., Ltd. is a leading solar energy company in the world as measured by both production output and capacity of solar cells and modules. Suntech provides solar solutions for a green future. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly PV cells and modules for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech's majority-owned subsidiary, MSK Corporation is one of the top-ranked companies in the building-integrated photovoltaics (BIPV) space. Suntech's customers are located in various markets worldwide, including key markets throughout Europe, North America, Japan and China. For more information, please visit http://www.suntech-power.com .
Suntech America, Inc. is a wholly-owned subsidiary of Suntech Power Holdings Co., Ltd with responsibility for the distribution of Suntech products in the Americas. For more information about Suntech America's product offerings, please visit Suntech's booth at the Solar Power 2007 Conference and Expo in Hall B, Booth 364 at the Long Beach Convention and Entertainment Center or contact Roger Efird, tel: +1 (301) 774-3430, or email: sales@suntechamerica.com.
September 25, 2007: 08:15 AM EST
WUXI, China and LONG BEACH, Calif., Sept. 25 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. , one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced the introduction and availability of the STPVb-1 and STPUb-1 range of high output solar modules targeting grid connected applications in North America. These products will be on display from September 25 to September 27 at the Solar Power 2007 Conference and Expo being held in Long Beach, CA and are available for sale for delivery in 2008.
With the introduction of the STPVb-1 modules, Suntech is offering the most powerful standard 72 solar cell module available in the U.S. market. Using six-inch solar cells, these new modules produce between 260 and 280 watts of solar power and are designed for use in large commercial roof and ground mounted applications.
"With a few hundred thousand of the STPVb modules already installed and operating in large projects throughout Spain and Germany, we have already proven the value and reliability of this new product. Our STPVb modules were introduced to the United States market as part of the largest solar power plant installed there to date at the 8.22MW Alamosa, Colorado project. These modules offer a very tight power tolerance, and their size and power result in reduced panel installation and balance of system costs, one of the most important factors in a successful project and demonstrate Suntech's leadership position in achieving grid parity for its PV modules," said Roger Efird, President of Suntech America, Inc.
Suntech's STPUb-1 modules are rated 190 to 210 watts and are approximately 1.5 meters long and 1 meter wide. The smaller solar modules are suitable for large residential installations, as well as commercial projects that require an appropriate compromise between physical size and its power.
"Designers tell us that some applications require a module that is small enough to be easily handled, yet powerful enough to still provide installation cost savings when compared to smaller modules. The STPUb-1 module is our direct response to this U.S. market need," Mr. Efird added.
For additional information, visit the Suntech exhibit booth in Hall B, Booth 364 at the Long Beach Convention and Entertainment Center.
About Suntech
Suntech Power Holdings Co., Ltd. is a leading solar energy company in the world as measured by both production output and capacity of solar cells and modules. Suntech provides solar solutions for a green future. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly PV cells and modules for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech's majority-owned subsidiary, MSK Corporation is one of the top-ranked companies in the building-integrated photovoltaics (BIPV) space. Suntech's customers are located in various markets worldwide, including key markets throughout Europe, North America, Japan and China. For more information, please visit http://www.suntech-power.com .
Suntech America, Inc. is a wholly-owned subsidiary of Suntech Power Holdings Co., Ltd with responsibility for the distribution of Suntech products in the Americas. For more information about Suntech America's product offerings, please visit Suntech's booth at the Solar Power 2007 Conference and Expo in Hall B, Booth 364 at the Long Beach Convention and Entertainment Center or contact Roger Efird, tel: +1 (301) 774-3430, or email: sales@suntechamerica.com.
Suntech Introduces New All Black Solar Module for the U.S. Solar Homes Market
New Module Complements Industry-Leading Portfolio of Building Integrated Solar Products
September 25, 2007: 08:00 AM EST
WUXI, China and LONG BEACH, Calif., Sept. 25 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. , one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced the introduction and availability of a new all black solar module targeting the U.S. market for solar homes. Suntech's new MSK Black Label(TM) product will be unveiled on September 25 at the Solar Power 2007 Conference and Expo being held in Long Beach, CA and will be available for sale for delivery in 2008.
Suntech's MSK Black Label(TM) is a 170 watt solar module designed to be installed on the standard American home. Using dark colored components, the Black Label(TM) will blend into the existing roof and provide the high level of aesthetics that the typical U.S. homeowner expects.
"For the first time, U.S. homeowners will have the opportunity to purchase a powerful, aesthetically pleasing solution without paying a significant premium. Competitively, this is what sets our Black Label(TM) module apart from other offerings in the U.S. solar homes market," commented Len May, Suntech America's VP of Business Development for MSK BIPV Products.
"We are committed to being a long-term player in the PV market in North America, and this new product launch represents a strong step forward in Suntech's penetration of the rapidly growing U.S. solar homes market," said Dr. Zhengrong Shi, Suntech's Chairman and CEO. "Our Black Label(TM) module supplements our large and growing portfolio of high-efficiency solar modules with excellent build quality and proven performance in the field."
The Black Label(TM) module complements Suntech's industry leading range of MSK building integrated photovoltaic (BIPV) products that are designed for the residential and commercial building markets. With over 4,000 installations worldwide, Suntech's MSK Just Roof is a roof integrated PV system designed to form a complete roof, replacing tiles or other roof coverings. Based on amorphous silicon photovoltaic technology, Suntech's MSK Photovol Glass has a uniform, dark finish, similar to tinted glass, and is ideal for use in curtain walls, skylights, canopies, atria and all other vertical or sloped glazed surfaces. Suntech's MSK Light Thru Glass BIPV Glazing encapsulates cells between two sheets of glass with enough spacing to allow light to pass through. Light Thru is made to order, allowing designers flexibility in specifying the desired size, cell type, and cell spacing.
For additional information, visit the Suntech exhibit booth in Hall B, Booth 364 at the Long Beach Convention and Entertainment Center from September 25-27.
About Suntech
Suntech Power Holdings Co., Ltd. is a leading solar energy company in the world as measured by both production output and capacity of solar cells and modules. Suntech provides solar solutions for a green future. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly PV cells and modules for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech's majority-owned subsidiary, MSK Corporation is one of the top-ranked companies in the building-integrated photovoltaics (BIPV) space. Suntech's customers are located in various markets worldwide, including key markets throughout Europe, North America, Japan and China. For more information, please visit http://www.suntech-power.com .
Suntech America, Inc. is a wholly-owned subsidiary of Suntech Power Holdings Co., Ltd., with responsibility for the distribution of Suntech products in the Americas. For more information about Suntech America's product offerings, please visit Suntech's booth at the Solar Power 2007 Conference and Expo in Hall B, Booth 364 at the Long Beach Convention and Entertainment Center, or contact Len May, tel: +1 (301) 473-4619 or email: sales@suntechamerica.com .
September 25, 2007: 08:00 AM EST
WUXI, China and LONG BEACH, Calif., Sept. 25 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. , one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced the introduction and availability of a new all black solar module targeting the U.S. market for solar homes. Suntech's new MSK Black Label(TM) product will be unveiled on September 25 at the Solar Power 2007 Conference and Expo being held in Long Beach, CA and will be available for sale for delivery in 2008.
Suntech's MSK Black Label(TM) is a 170 watt solar module designed to be installed on the standard American home. Using dark colored components, the Black Label(TM) will blend into the existing roof and provide the high level of aesthetics that the typical U.S. homeowner expects.
"For the first time, U.S. homeowners will have the opportunity to purchase a powerful, aesthetically pleasing solution without paying a significant premium. Competitively, this is what sets our Black Label(TM) module apart from other offerings in the U.S. solar homes market," commented Len May, Suntech America's VP of Business Development for MSK BIPV Products.
"We are committed to being a long-term player in the PV market in North America, and this new product launch represents a strong step forward in Suntech's penetration of the rapidly growing U.S. solar homes market," said Dr. Zhengrong Shi, Suntech's Chairman and CEO. "Our Black Label(TM) module supplements our large and growing portfolio of high-efficiency solar modules with excellent build quality and proven performance in the field."
The Black Label(TM) module complements Suntech's industry leading range of MSK building integrated photovoltaic (BIPV) products that are designed for the residential and commercial building markets. With over 4,000 installations worldwide, Suntech's MSK Just Roof is a roof integrated PV system designed to form a complete roof, replacing tiles or other roof coverings. Based on amorphous silicon photovoltaic technology, Suntech's MSK Photovol Glass has a uniform, dark finish, similar to tinted glass, and is ideal for use in curtain walls, skylights, canopies, atria and all other vertical or sloped glazed surfaces. Suntech's MSK Light Thru Glass BIPV Glazing encapsulates cells between two sheets of glass with enough spacing to allow light to pass through. Light Thru is made to order, allowing designers flexibility in specifying the desired size, cell type, and cell spacing.
For additional information, visit the Suntech exhibit booth in Hall B, Booth 364 at the Long Beach Convention and Entertainment Center from September 25-27.
About Suntech
Suntech Power Holdings Co., Ltd. is a leading solar energy company in the world as measured by both production output and capacity of solar cells and modules. Suntech provides solar solutions for a green future. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly PV cells and modules for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech's majority-owned subsidiary, MSK Corporation is one of the top-ranked companies in the building-integrated photovoltaics (BIPV) space. Suntech's customers are located in various markets worldwide, including key markets throughout Europe, North America, Japan and China. For more information, please visit http://www.suntech-power.com .
Suntech America, Inc. is a wholly-owned subsidiary of Suntech Power Holdings Co., Ltd., with responsibility for the distribution of Suntech products in the Americas. For more information about Suntech America's product offerings, please visit Suntech's booth at the Solar Power 2007 Conference and Expo in Hall B, Booth 364 at the Long Beach Convention and Entertainment Center, or contact Len May, tel: +1 (301) 473-4619 or email: sales@suntechamerica.com .
Canadian Solar Appoints New Directors and Officer
September 25, 2007: 08:00 AM EST
JIANGSU, China, Sept. 25 /Xinhua-PRNewswire/ -- Canadian Solar Inc. ("the Company", or "CSI", or "we") today announced that it has increased the size of its board of directors from five to six and that Michael G. Potter and Yan Zhuang have been appointed directors of the Company. Coincident with their appointment, Arthur Chien has resigned as a director and been appointed to the newly created position of Vice President, Finance of the Company.
Dr. Shawn Qu, Chairman and Chief Executive Officer of CSI, said: "We are very pleased that Michael and Yan have agreed to join our board of directors and expect to benefit immediately from their experience as we continue to expand our global footprint. We are also very pleased that Arthur Chien has agreed to join our management team and assist us in managing the next phase of our growth."
Mr. Potter, 41 years old, has worked in finance, controlling and audit positions with a variety of multinational companies for over 20 years. He is currently Senior Vice President and Chief Financial Officer of NeoPhotonics Corporation, a leading provider of photonic integrated circuit-based modules, components and subsystems for use in optical communications networks with extensive operations in Shenzhen, China. Before joining NeoPhotonics in May 2007, he was Senior Vice President and Chief Financial Officer of STATS ChipPAC, a semiconductor assembly and test services company based in Singapore. Before that, he held a variety of executive positions at Honeywell Inc. Mr. Potter is a Chartered Accountant and holds a Bachelor of Commerce degree from Concordia University, Canada and a Graduate Diploma of Public Accountancy from McGill University, Canada. Mr. Potter will serve as a member of the Audit Committee and the Compensation Committee.
Mr. Zhuang, 44 years old, has worked in corporate branding, sales and marketing positions with, or provided consulting services to, a variety of multinational companies for over 15 years. He is currently Senior Vice President Business Operations and Marketing, Asia Region, of Hands-on Mobile Ltd., a global media and entertainment company with Asian operations in China, Korea and India. Before joining Hands-on Mobile, he held various marketing and business operation positions with Motorola Inc., including as its Asia Pacific Regional Director of Marketing Planning and Consumer Insight. Prior to that, he was a marketing consultant in Canada and China. Mr. Zhuang holds a Bachelor of Electrical Engineering degree from Northern Jiao-Tong University, China, a MSc in Applied Statistics from the University of Alberta, Canada and a MSc in Marketing Management from the University of Guelph, Canada. Mr. Zhuang will serve as a member of the Nominating and Corporate Governance Committee.
Mr. Chien, 46 years old, became a director of CSI in December 2005. Until recently, he was managing director of Beijing Yinke Investment Consulting Co. Ltd., a company which provides financial consulting services and manages its own investment projects. Before joining Beijing Yinke, he was Chief Financial Officer of China Grand Enterprises Inc., a diversified investment holding company based in Beijing, China. Prior to that, he held a variety of finance, investment and management positions with companies in Canada, Belgium and China, including as Chief Financial Officer of the Chinese operations of NV Bekaert SA, a Belgium-based manufacturer of advanced wire products, materials and coatings. Mr. Chien holds a Bachelor of Science degree from the University of Science and Technology of China and a Master of Economics degree from the University of Western Ontario, Canada.
About Canadian Solar Inc.
Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar cell, solar module and custom-designed solar application products serving customers worldwide. CSI is incorporated in Canada and conducts all of its manufacturing operations in China. Backed by years of experience and knowledge in the solar power market and the silicon industry, CSI has become a major global provider of solar power products for a wide range of applications. For more information, please visit http://www.csisolar.com .
JIANGSU, China, Sept. 25 /Xinhua-PRNewswire/ -- Canadian Solar Inc. ("the Company", or "CSI", or "we") today announced that it has increased the size of its board of directors from five to six and that Michael G. Potter and Yan Zhuang have been appointed directors of the Company. Coincident with their appointment, Arthur Chien has resigned as a director and been appointed to the newly created position of Vice President, Finance of the Company.
Dr. Shawn Qu, Chairman and Chief Executive Officer of CSI, said: "We are very pleased that Michael and Yan have agreed to join our board of directors and expect to benefit immediately from their experience as we continue to expand our global footprint. We are also very pleased that Arthur Chien has agreed to join our management team and assist us in managing the next phase of our growth."
Mr. Potter, 41 years old, has worked in finance, controlling and audit positions with a variety of multinational companies for over 20 years. He is currently Senior Vice President and Chief Financial Officer of NeoPhotonics Corporation, a leading provider of photonic integrated circuit-based modules, components and subsystems for use in optical communications networks with extensive operations in Shenzhen, China. Before joining NeoPhotonics in May 2007, he was Senior Vice President and Chief Financial Officer of STATS ChipPAC, a semiconductor assembly and test services company based in Singapore. Before that, he held a variety of executive positions at Honeywell Inc. Mr. Potter is a Chartered Accountant and holds a Bachelor of Commerce degree from Concordia University, Canada and a Graduate Diploma of Public Accountancy from McGill University, Canada. Mr. Potter will serve as a member of the Audit Committee and the Compensation Committee.
Mr. Zhuang, 44 years old, has worked in corporate branding, sales and marketing positions with, or provided consulting services to, a variety of multinational companies for over 15 years. He is currently Senior Vice President Business Operations and Marketing, Asia Region, of Hands-on Mobile Ltd., a global media and entertainment company with Asian operations in China, Korea and India. Before joining Hands-on Mobile, he held various marketing and business operation positions with Motorola Inc., including as its Asia Pacific Regional Director of Marketing Planning and Consumer Insight. Prior to that, he was a marketing consultant in Canada and China. Mr. Zhuang holds a Bachelor of Electrical Engineering degree from Northern Jiao-Tong University, China, a MSc in Applied Statistics from the University of Alberta, Canada and a MSc in Marketing Management from the University of Guelph, Canada. Mr. Zhuang will serve as a member of the Nominating and Corporate Governance Committee.
Mr. Chien, 46 years old, became a director of CSI in December 2005. Until recently, he was managing director of Beijing Yinke Investment Consulting Co. Ltd., a company which provides financial consulting services and manages its own investment projects. Before joining Beijing Yinke, he was Chief Financial Officer of China Grand Enterprises Inc., a diversified investment holding company based in Beijing, China. Prior to that, he held a variety of finance, investment and management positions with companies in Canada, Belgium and China, including as Chief Financial Officer of the Chinese operations of NV Bekaert SA, a Belgium-based manufacturer of advanced wire products, materials and coatings. Mr. Chien holds a Bachelor of Science degree from the University of Science and Technology of China and a Master of Economics degree from the University of Western Ontario, Canada.
About Canadian Solar Inc.
Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar cell, solar module and custom-designed solar application products serving customers worldwide. CSI is incorporated in Canada and conducts all of its manufacturing operations in China. Backed by years of experience and knowledge in the solar power market and the silicon industry, CSI has become a major global provider of solar power products for a wide range of applications. For more information, please visit http://www.csisolar.com .
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