Tuesday October 28, 5:00 am ET
BAODING, China--(BUSINESS WIRE)--Yingli Green Energy Holding Company Limited ("Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced that it has entered into a memorandum of understanding (the "MOU") with TÜV Rheinland (Shanghai) Co., Ltd. ("TÜV Rheinland") to form a strategic partnership covering a range of quality control initiatives at the Company. Under the proposed strategic partnership, TÜV Rheinland would conduct periodic factory inspections to review production, testing and calibration procedures and assist Yingli Green Energy in certification planning and execution to support new product introductions. In addition, Yingli Green Energy and TÜV Rheinland intend to develop and implement technical training programs for Yingli Green Energy employees.
"We are pleased to announce our intention to develop a long-term strategic partnership with TÜV Rheinland," said Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. "Yingli strongly believes that product quality is the fundamental foundation for creating sustainable customer satisfaction and loyalty, which we believe will continue to be one of the primary drivers of our success in terms of building a strong brand, achieving solid financial results and creating shareholder value. To support our aspirations to be a world-leading manufacturer of high-quality PV products we recognize the need to work with world experts to improve our quality standards and controls and we have selected TÜV Rheinland as our strategic partner."
"We appreciate Yingli's objective to enhance their quality standards and controls," said Mr. Gerhard Luebken, Managing Director of TÜV Rheinland Shanghai, "We are pleased to support Yingli in achieving their product quality aims by developing and delivering a range of services in cooperation with Yingli."
About Yingli Green Energy
Yingli Green Energy Holding Company Limited is one of the world's leading vertically integrated PV product manufacturers. Through the Company's principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co., Ltd., Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis. With 400 MW of total annual production capacity in each of polysilicon ingots and wafers, PV cells and PV modules, Yingli Green Energy is currently one of the largest manufacturers of PV products in the world as measured by annual production capacity. Additionally, Yingli Green Energy is one of a limited number of large-scale PV companies in the world to have adopted a vertically integrated business model. Through its wholly owned subsidiary Yingli Energy (China) Co., Ltd., Yingli Green Energy currently plans to expand annual production capacity of polysilicon ingots and wafers, PV cells and PV modules to 600 MW by mid-2009. Yingli Green Energy sells PV modules under its own brand name, Yingli Solar, to PV system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, South Korea, Belgium, France, China and the United States. For more information, please visit www.yinglisolar.com.
Wednesday, October 29, 2008
Emei Semiconductor Material Put 500 Ton Polysilicon Production Line Online
2008 October 28th, Emei Semiconductor Material's 500 metric ton electronic grade polysilicon production line started mass production. In fact Emei Semiconductor Material began the trial production in September already.
Emei Semiconductor Material has plan to build three 1,500 metric ton polysilicon projects, the first project will begin production this December, the second will be completed by September 2009, the third project will be launched in 2009, and by the end of 2010 Emei Semiconductor Material will be able to produce 5,000 metric ton polysilicon per year.
Emei Semiconductor Material has plan to build three 1,500 metric ton polysilicon projects, the first project will begin production this December, the second will be completed by September 2009, the third project will be launched in 2009, and by the end of 2010 Emei Semiconductor Material will be able to produce 5,000 metric ton polysilicon per year.
Contract price of solar cells subject to possible price cuts for 2009
Nuying Huang, Taipei; Adam Hwang, DIGITIMES [Wednesday 29 October 2008]
While contract supply prices of solar cells for 2009 currently stand at US$2.8-3.1 per watt, a few makers of solar cells in Taiwan and China have offered lower quotes in negotiating 2009 supply contracts in an attempt to win contracts and thus obtain advance payment (usually 5% of the contract value), according to industry sources in Taiwan. Consequently, Taiwan-based makers of PV (photovoltaic) modules that are already signing supply contracts plan to ask suppliers of solar cells to lower contract prices, the sources pointed out.
In addition, price drops in the spot market for solar cells have brought pressure on contract suppliers of solar cells to reduce contract prices, the sources indicated. Spot market prices of solar cells have fallen from US$3.8/watt at the end of August 2008 to US$2.8-3.0/watt currently, approximately the same as contract prices, and are expected to drop further, the sources indicated.
If spot market prices of solar cells slip to below contract prices with a large enough gap, PV module makers subject to supply contracts will be willing to sacrifice 5% advance payment (due to default in contract) and procure less expensive solar cells in the spot market, the sources explained.
While contract supply prices of solar cells for 2009 currently stand at US$2.8-3.1 per watt, a few makers of solar cells in Taiwan and China have offered lower quotes in negotiating 2009 supply contracts in an attempt to win contracts and thus obtain advance payment (usually 5% of the contract value), according to industry sources in Taiwan. Consequently, Taiwan-based makers of PV (photovoltaic) modules that are already signing supply contracts plan to ask suppliers of solar cells to lower contract prices, the sources pointed out.
In addition, price drops in the spot market for solar cells have brought pressure on contract suppliers of solar cells to reduce contract prices, the sources indicated. Spot market prices of solar cells have fallen from US$3.8/watt at the end of August 2008 to US$2.8-3.0/watt currently, approximately the same as contract prices, and are expected to drop further, the sources indicated.
If spot market prices of solar cells slip to below contract prices with a large enough gap, PV module makers subject to supply contracts will be willing to sacrifice 5% advance payment (due to default in contract) and procure less expensive solar cells in the spot market, the sources explained.
Tuesday, October 28, 2008
Wafer Works signs 8-year supply deal for silicon
Nuying Huang, Taipei; Adam Hwang, DIGITIMES [Tuesday 28 October 2008]
Wafer Works, a Taiwan-based producer of semiconductor-grade and solar-grade silicon wafers, on October 27 announced it has signed an 8-year contract with an international silicon material supplier for the period from January 2010 to December 2017.
The supply contract is primarily to meet demand for silicon material by Solargiga Energy, Wafer Works' subsidiary and a maker of solar-grade mono- and poly-crystalline silicon ingots/wafers in China, according to industry sources in Taiwan.
Solargiga is expanding its factory on a 4-hectare site located in Liaoning Province, northeastern China, with annual production capacity of monocrystalline silicon ingots/wafers to increase from an equivalent of 200MWp (megawatt-peak) currently to that of 400MWp in 2009, the sources pointed out. In addition, Solargiga will expand its annual production capacity of polycrystalline silicon ingots/wafers from an equivalent of less than 20MWp presently to that of 200MWp in 2009, the sources indicated.
Solargiga's total annual production capacity of crystalline silicon ingots/wafers in 2009 will reach an equivalent of 600MWp, with supply contracts and the spot market to each account for 50% of the needed silicon material, the sources noted.
Wafer Works, a Taiwan-based producer of semiconductor-grade and solar-grade silicon wafers, on October 27 announced it has signed an 8-year contract with an international silicon material supplier for the period from January 2010 to December 2017.
The supply contract is primarily to meet demand for silicon material by Solargiga Energy, Wafer Works' subsidiary and a maker of solar-grade mono- and poly-crystalline silicon ingots/wafers in China, according to industry sources in Taiwan.
Solargiga is expanding its factory on a 4-hectare site located in Liaoning Province, northeastern China, with annual production capacity of monocrystalline silicon ingots/wafers to increase from an equivalent of 200MWp (megawatt-peak) currently to that of 400MWp in 2009, the sources pointed out. In addition, Solargiga will expand its annual production capacity of polycrystalline silicon ingots/wafers from an equivalent of less than 20MWp presently to that of 200MWp in 2009, the sources indicated.
Solargiga's total annual production capacity of crystalline silicon ingots/wafers in 2009 will reach an equivalent of 600MWp, with supply contracts and the spot market to each account for 50% of the needed silicon material, the sources noted.
Intel Capital to invest 20 mln usd in Trony Solar Holdings - UPDATE
BEIJING (XFN-ASIA) - Intel Capital, the global investment arm of US chip maker Intel Corp, said it will invest 20 mln usd in Trony Solar Holdings, a leading Chinese thin-film solar cell company.
Intel Capital said it will also invest in two other Chinese firms - NP Holdings Ltd, which is involved in massive electricity storage systems, and View High, a software provider for the healthcare industry.
It revealed no financial details about these two investments.
Stephen Eichenlaub, an Intel Capital managing director for emerging platform technologies and the clean technology sector said Trony Solar Holdings and NP Holdings are Intel's first Chinese cleantech investments.
Eichenlaub said that China's cleantech industry is experiencing rapid development and Intel Capital expects to focus more on the sector in future.
Cadol Cheung, Intel Capital managing director for the Asia and Pacific Region, said despite the global financial turmoil, Intel Capital remains committed to the China market and has no plans to slow down investment in the mainland.
Cheung said the 500 mln usd Intel Technology Fund II, which was launched in April, has invested in six projects so far, mostly as a strategic investor. The companies it invests in are seen as potential acquisition targets or listing candidates.
susan.wang@xfn.com - xfnzw/xfjamesa/xfaws/xfntm
28 October 2008
Intel Capital said it will also invest in two other Chinese firms - NP Holdings Ltd, which is involved in massive electricity storage systems, and View High, a software provider for the healthcare industry.
It revealed no financial details about these two investments.
Stephen Eichenlaub, an Intel Capital managing director for emerging platform technologies and the clean technology sector said Trony Solar Holdings and NP Holdings are Intel's first Chinese cleantech investments.
Eichenlaub said that China's cleantech industry is experiencing rapid development and Intel Capital expects to focus more on the sector in future.
Cadol Cheung, Intel Capital managing director for the Asia and Pacific Region, said despite the global financial turmoil, Intel Capital remains committed to the China market and has no plans to slow down investment in the mainland.
Cheung said the 500 mln usd Intel Technology Fund II, which was launched in April, has invested in six projects so far, mostly as a strategic investor. The companies it invests in are seen as potential acquisition targets or listing candidates.
susan.wang@xfn.com - xfnzw/xfjamesa/xfaws/xfntm
28 October 2008
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