BEIJING, Mar 19, 2008 (Xinhua via COMTEX) --Canadian Solar Inc. (CSI, CSIQ. Nasdaq) posted more than 300 million U.S. dollars of sales revenue in 2007, surging 344 percent from 2006, according to its latest financial report.
This makes CSI the company with the fastest growth in 2007 among its peers in the world. Notably, the company's capacity of sold solar energy components reached 83.5 MW in 2007, 4.42 times of 2006.
CSI realized buoyant growth in the development of terminal market and establishment of marketing channels.
The company realized 127.5 million U.S. dollars of sales revenue in the fourth quarter of 2007, increasing 31 percent from the previous quarter.
It's predicted that CSI would realize 150 million-155 million U.S. dollars of sales revenue in the first quarter of 2008 with shipment at 40 MW.
CSI is expected to attain 650 million-750 million U.S. dollars of sales revenue in 2008 with annual shipment totaling 200-220 MW.
The first phase of CSI Solartronics (Changshu) Co., Ltd. was put into production in February 2008 with 200 MW of designed production capacity and annual output value at 700 million U.S. dollars.
CSI's polysilicon project in central China's Luoyang is winding up with 60 MW production capacity by the end of 2008, which is expected to ease raw materials supply of CSI.
Wednesday, March 19, 2008
China unveils renewable energy development plan for 2006-2010
http://www.chinaview.cn/ 2008-03-18 18:36:14
BEIJING, March 18 (Xinhua) -- China's annual consumption of renewable energy will reach the equivalent of 300 million tons of standard coal by 2010, which would be 10 percent of its total annual energy consumption, under the renewable energy development plan for 2006-2010.
The plan was released on Tuesday by the National Development and Reform Commission (NDRC), the country's top economic planning agency.
The plan says 2010 renewable energy consumption will nearly double the 2005 level, which was equivalent to 166 million tons of standard coal. That led to a reduction of 3 million tons of sulfur dioxide emissions and more than 400 million tons of carbon dioxide emissions.
Given the dearth of petroleum and natural gas resources and the large share of coal in China's energy production, it is difficult for the nation to sustain its development and protect the environment by relying simply on fossil fuels, the NDRC said.
China boasts abundant renewable resources that could be exploited, the plan says. It says that by 2010:
-- the nation will have hydropower projects with a combined installed capacity of 190 million kilowatts and wind power projects with installed capacity of 10 million kw.
-- the installed capacity of bio-energy projects will reach 5.5million kw and that of solar energy projects will be 300,000 kw.
-- domestically produced hydropower equipment and solar water heaters should become competitive on global markets.
-- wind power equipment manufacturers should put generating units with installed capacities of at least 1.5 million watts into mass production.
BEIJING, March 18 (Xinhua) -- China's annual consumption of renewable energy will reach the equivalent of 300 million tons of standard coal by 2010, which would be 10 percent of its total annual energy consumption, under the renewable energy development plan for 2006-2010.
The plan was released on Tuesday by the National Development and Reform Commission (NDRC), the country's top economic planning agency.
The plan says 2010 renewable energy consumption will nearly double the 2005 level, which was equivalent to 166 million tons of standard coal. That led to a reduction of 3 million tons of sulfur dioxide emissions and more than 400 million tons of carbon dioxide emissions.
Given the dearth of petroleum and natural gas resources and the large share of coal in China's energy production, it is difficult for the nation to sustain its development and protect the environment by relying simply on fossil fuels, the NDRC said.
China boasts abundant renewable resources that could be exploited, the plan says. It says that by 2010:
-- the nation will have hydropower projects with a combined installed capacity of 190 million kilowatts and wind power projects with installed capacity of 10 million kw.
-- the installed capacity of bio-energy projects will reach 5.5million kw and that of solar energy projects will be 300,000 kw.
-- domestically produced hydropower equipment and solar water heaters should become competitive on global markets.
-- wind power equipment manufacturers should put generating units with installed capacities of at least 1.5 million watts into mass production.
Monday, March 17, 2008
Daqo signed polysilicon supply agreement with Suntech Power and Glory Silicon
March 11th, Daqo Group signed the polysilicon supply agreement with Suntech Power and Glory Silicon (Zhenjiang), no supply amount information is disclosed.
Sichuan Rena Silicon Material starts to build the polysilicon project
March 8th 2008, Sichuan Rena Silicon Material launched its polysilicon production project. The first phase project is 3,000 ton and the total project is 6,000 ton polysilicon.
Sichuan Rena Silicon Material is the subsidiary company of Renesola.
Sichuan Rena Silicon Material is the subsidiary company of Renesola.
Ningxia Yangguang Silicon will begin to produce polysilicon in October 2008
The first phase 1,500 ton polysilicon project of Ningxia Yangguang Silicon will be completed as scheduled, the total project is 4,500 ton, and the total investment will be about 4 billion RMB.
The construction of the first phase project will be finished by the end of June, and the production equipments have been deliverd starting from February. Ningxia Yangguang Silicon plans to install and adjust the equipments in August and begin the test production in October.
Ningxia Yangguang Silicon will start the second phase project of 3,000 ton in 2009 after the first phase project begins the commercial production.
The construction of the first phase project will be finished by the end of June, and the production equipments have been deliverd starting from February. Ningxia Yangguang Silicon plans to install and adjust the equipments in August and begin the test production in October.
Ningxia Yangguang Silicon will start the second phase project of 3,000 ton in 2009 after the first phase project begins the commercial production.
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