Filed from Houston 9/28/2007 10:10:06 PM GMT
CHINA/ITALY: China-based Trina Solar Ltd. and EniPower, a subsidiary of Italy-based Eni, have entered into an agreement under which Trina Solar will supply EniPower with high quality photovoltaic (PV) modules. Trina Solar said the agreement is an important milestone for the company as its continues to strengthen its brand in Italy's growing PV market.
The agreement is the result of a letter of intent signed in April of this year to establish a long-term business relationship. A 1 MW contract has been already signed with an option of an additional 5 MW for the rest of the contract period.
Trina Solar said recent regulations to promote solar PV installations in Italy make the country one of the most attractive markets in the solar PV industry today.
Saturday, September 29, 2007
Friday, September 28, 2007
Solar EnerTech Appoints New Directors
Sep 27, 2007 09:00 ET
MENLO PARK, CA--(Marketwire - September 27, 2007) - Solar EnerTech Corp. (OTCBB: SOEN) (the "Company") is pleased to announce that Mr. Donald Morgan and Mr. Kevin Koy have been appointed as directors of the Company.
Mr. Morgan has served as a senior financial executive for over 20 years. He had worked with US and international companies ranging from small cap to Fortune 500. Mr. Morgan was most recently CFO of RAE Systems Inc. Mr. Morgan had also been CFO of Larscom Incorporated and Inrange Technologies Corporation. He began his career at Unisys Corporation. Morgan holds a B.S. degree in Business Administration from Northeastern University and an M.S. degree in Finance from the University of Illinois.
Mr. Koy has over 20 years experience in business management and development. He is currently managing Old World Homes, LLC, an innovative construction firm he co-founded in 2004. Prior to that, he was the Director of Corporation Development, Business School, University of Chicago. This position was supported by his entrepreneurial background and experience which includes positions as CEO of Northfield Consulting Group; CEO of Dauphin Technologies, Inc., the first hand-held computer company; CEO of VictorMaxx technologies, Inc., a virtual reality computing company, and Market Logic Group Ltd. Mr. Koy holds a BA degree from Grinnell College in Grinnell, Iowa.
"I am very pleased to have Mr. Morgan and Mr. Koy join our board," said Mr. Leo S. Young, President and Chairman of the board of Solar Enertech. "The Company is at a critical juncture. We started shipments in the second calendar quarter and we are now executing our plan to grow the Company. It is critical to bring on board directors with Mr. Morgan and Mr. Koy's caliber to guide the Company through our execution plan."
About Solar EnerTech Corp.
Solar EnerTech is a photovoltaic ("PV") solar energy cell manufacturing enterprise based in Shanghai, China, where the Company has established a sophisticated 42,000-square foot manufacturing plant in Shanghai's Jinqiao Modern Technology Park. Currently, the facility is capable of producing 25Mw of solar cells from its existing production line and another 25Mw from its first expansion lines. Solar EnerTech has also established a Joint R&D Lab at Shanghai University to research and develop higher efficiency cells and to put the results of that research to use immediately in its manufacturing processes. Led by one of the industry's top scientists, the Company expects its R&D program to help bring Solar EnerTech to the forefront of advanced solar technology research and production. The Company has also established a marketing, purchasing and distribution arm in Northern California's Silicon Valley.
MENLO PARK, CA--(Marketwire - September 27, 2007) - Solar EnerTech Corp. (OTCBB: SOEN) (the "Company") is pleased to announce that Mr. Donald Morgan and Mr. Kevin Koy have been appointed as directors of the Company.
Mr. Morgan has served as a senior financial executive for over 20 years. He had worked with US and international companies ranging from small cap to Fortune 500. Mr. Morgan was most recently CFO of RAE Systems Inc. Mr. Morgan had also been CFO of Larscom Incorporated and Inrange Technologies Corporation. He began his career at Unisys Corporation. Morgan holds a B.S. degree in Business Administration from Northeastern University and an M.S. degree in Finance from the University of Illinois.
Mr. Koy has over 20 years experience in business management and development. He is currently managing Old World Homes, LLC, an innovative construction firm he co-founded in 2004. Prior to that, he was the Director of Corporation Development, Business School, University of Chicago. This position was supported by his entrepreneurial background and experience which includes positions as CEO of Northfield Consulting Group; CEO of Dauphin Technologies, Inc., the first hand-held computer company; CEO of VictorMaxx technologies, Inc., a virtual reality computing company, and Market Logic Group Ltd. Mr. Koy holds a BA degree from Grinnell College in Grinnell, Iowa.
"I am very pleased to have Mr. Morgan and Mr. Koy join our board," said Mr. Leo S. Young, President and Chairman of the board of Solar Enertech. "The Company is at a critical juncture. We started shipments in the second calendar quarter and we are now executing our plan to grow the Company. It is critical to bring on board directors with Mr. Morgan and Mr. Koy's caliber to guide the Company through our execution plan."
About Solar EnerTech Corp.
Solar EnerTech is a photovoltaic ("PV") solar energy cell manufacturing enterprise based in Shanghai, China, where the Company has established a sophisticated 42,000-square foot manufacturing plant in Shanghai's Jinqiao Modern Technology Park. Currently, the facility is capable of producing 25Mw of solar cells from its existing production line and another 25Mw from its first expansion lines. Solar EnerTech has also established a Joint R&D Lab at Shanghai University to research and develop higher efficiency cells and to put the results of that research to use immediately in its manufacturing processes. Led by one of the industry's top scientists, the Company expects its R&D program to help bring Solar EnerTech to the forefront of advanced solar technology research and production. The Company has also established a marketing, purchasing and distribution arm in Northern California's Silicon Valley.
Suntech Power Completes 500kW Solar System At San Francisco International Airport
Thursday, September 27, 2007; Posted: 01:39 PM
(RTTNews) - Suntech Power Holdings Co. Ltd. (STP), a manufacturer of photovoltaic or PV cells and modules, on Thursday said it has completed a 500kW solar system at the San Francisco International Airport's new Terminal 3.
Around 3 thousand Suntech solar modules were installed by San Francisco-based BASS Electric.
According to BASS Electric, the Terminal 3 solar energy system is estimated to generate an annual energy saving of 669 thousand kilowatt hours and save about 7,200 tons of Carbon Dioxide over a 30 year period.
STP is currently trading at $40.98, down 86 cents or 2.06%.
(RTTNews) - Suntech Power Holdings Co. Ltd. (STP), a manufacturer of photovoltaic or PV cells and modules, on Thursday said it has completed a 500kW solar system at the San Francisco International Airport's new Terminal 3.
Around 3 thousand Suntech solar modules were installed by San Francisco-based BASS Electric.
According to BASS Electric, the Terminal 3 solar energy system is estimated to generate an annual energy saving of 669 thousand kilowatt hours and save about 7,200 tons of Carbon Dioxide over a 30 year period.
STP is currently trading at $40.98, down 86 cents or 2.06%.
Thursday, September 27, 2007
China supplies 80% of solar water heaters worldwide
Source: CCTV.com
09-26-2007 13:17
China's solar water heater industry supplies 80 percent of the world's market.
China is home to 80 per cent of the world's solar heated water, producing around 80 million cubic metres of solar hot water a year.
Huang Ming is the head of one of the largest businesses, supplying 15 per cent of China's solar hot water units and he plans to expand.
Huang Ming, President of Huang Ming Solar Energy Group said "The model China uses to popularise solar energy is not only suitable for developing countries but also for developed countries. Even without much support or subsidiary from the government, China's solar energy industry has flourished and now amounts for over 70 per cent of the world's industry."
China is now the world's second largest investor into renewable energy.
The growing interest and investment in green energy makes it a lucrative enterprise for Chinese entrepreneurs.
Dr. Eric Martinot of the BP Institute believes that it won't be long before one of these entrepreneurs brings these low cost units onto international market.
Eric said "They haven't really started yet, their domestic market is so large that it is really not necessary. But at some point, someone here, maybe one of the larger firms is going to recognise the profit potential for export and at that point European manufacturers, U.S. manufacturers will certainly have to start worrying."
In China, solar heated water is a bargain. A unit costs roughly 530 U.S. dollars, the cost of 4 years heating bills. After that the household enjoys free hot water.
Editor:Xiong Qu
09-26-2007 13:17
China's solar water heater industry supplies 80 percent of the world's market.
China is home to 80 per cent of the world's solar heated water, producing around 80 million cubic metres of solar hot water a year.
Huang Ming is the head of one of the largest businesses, supplying 15 per cent of China's solar hot water units and he plans to expand.
Huang Ming, President of Huang Ming Solar Energy Group said "The model China uses to popularise solar energy is not only suitable for developing countries but also for developed countries. Even without much support or subsidiary from the government, China's solar energy industry has flourished and now amounts for over 70 per cent of the world's industry."
China is now the world's second largest investor into renewable energy.
The growing interest and investment in green energy makes it a lucrative enterprise for Chinese entrepreneurs.
Dr. Eric Martinot of the BP Institute believes that it won't be long before one of these entrepreneurs brings these low cost units onto international market.
Eric said "They haven't really started yet, their domestic market is so large that it is really not necessary. But at some point, someone here, maybe one of the larger firms is going to recognise the profit potential for export and at that point European manufacturers, U.S. manufacturers will certainly have to start worrying."
In China, solar heated water is a bargain. A unit costs roughly 530 U.S. dollars, the cost of 4 years heating bills. After that the household enjoys free hot water.
Editor:Xiong Qu
LDK Solar Signs Wafers Supply Agreement With Mosel Vitelic, Inc.
September 27, 2007: 03:15 AM EST
SUNNYVALE, Calif. and XINYU CITY, China, Sept. 27 /PRNewswire-FirstCall/ -- LDK Solar Co., Ltd. , a leading manufacturer of multicrystalline solar wafers, announced today that it has signed a five-year contract to supply multicrystalline solar wafers to Taiwan-based Mosel Vitelic, Inc.
Under the terms of the agreement, pricing and quantity is fixed for the first three years. During this period, LDK Solar will deliver multicrystalline solar wafers to Mosel Vitelic valued at approximately US$190 million with delivery commencing in 2008.
"We are excited to have the opportunity to expand our relationship with Mosel Vitelic, Inc.," stated Xiaofeng Peng, Chairman and CEO of LDK Solar. "Mosel has excellent engineering and manufacturing capabilities and we are pleased to support their growth plans."
"We are delighted to secure supply of high-quality silicon wafers from LDK Solar," stated Rebecca Tang, President of Mosel Vitelic, Inc. "We look forward to enhancing our relationship with LDK as we grow our solar business globally."
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 Mosel Vitelic, Inc.
With years of experience in semiconductor IC design and process technology development, Mosel Vitelic entered the solar cell business in 2006. Mosel Vitelic delivers solar cell products for the world-wide markets through a solid foundation in research, development, manufacturing, and marketing. Mosel Vitelic also provides RF ID system products and IC wafer foundry service, specializing in power and high voltage devices. Mosel Vitelic business operations serve numerous markets including consumer, industrial, and solar power. Mosel Vitelic headquarters are in Hsinchu Science Based Industrial Park, Taiwan with a subsidiary in the United States. Mosel Vitelic has been listed in Taiwan Stock Exchange since 1995.
SUNNYVALE, Calif. and XINYU CITY, China, Sept. 27 /PRNewswire-FirstCall/ -- LDK Solar Co., Ltd. , a leading manufacturer of multicrystalline solar wafers, announced today that it has signed a five-year contract to supply multicrystalline solar wafers to Taiwan-based Mosel Vitelic, Inc.
Under the terms of the agreement, pricing and quantity is fixed for the first three years. During this period, LDK Solar will deliver multicrystalline solar wafers to Mosel Vitelic valued at approximately US$190 million with delivery commencing in 2008.
"We are excited to have the opportunity to expand our relationship with Mosel Vitelic, Inc.," stated Xiaofeng Peng, Chairman and CEO of LDK Solar. "Mosel has excellent engineering and manufacturing capabilities and we are pleased to support their growth plans."
"We are delighted to secure supply of high-quality silicon wafers from LDK Solar," stated Rebecca Tang, President of Mosel Vitelic, Inc. "We look forward to enhancing our relationship with LDK as we grow our solar business globally."
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 Mosel Vitelic, Inc.
With years of experience in semiconductor IC design and process technology development, Mosel Vitelic entered the solar cell business in 2006. Mosel Vitelic delivers solar cell products for the world-wide markets through a solid foundation in research, development, manufacturing, and marketing. Mosel Vitelic also provides RF ID system products and IC wafer foundry service, specializing in power and high voltage devices. Mosel Vitelic business operations serve numerous markets including consumer, industrial, and solar power. Mosel Vitelic headquarters are in Hsinchu Science Based Industrial Park, Taiwan with a subsidiary in the United States. Mosel Vitelic has been listed in Taiwan Stock Exchange since 1995.
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