SolarFromChina - China Solar Company Newshttp://blog.solarfromchina.com/SolarFromChina - RainbowSoft Studio Z-Blog 1.8 Spirit Build 80722zh-CNCopyright to www.SolarFromChina.com - Thu, 09 Sep 2010 13:02:04 +0800Green Energy the first to set up Solar Panel factory in Chinaa@b.com (solar)http://blog.solarfromchina.com/post/25.htmlTue, 29 Jul 2008 19:10:02 +0800http://blog.solarfromchina.com/post/25.html
Green Energy Technology Inc. (GET), the largest solar-panel crystal-growing manufacturer in Taiwan, reportedly plans to set up a plant in China, making it the first Taiwan-based company there, according to local Chinese-language economic daily newspaper Economic Daily News (EDN).

EDN said that GET might choose among Liaoning, Shandong, Shanghai to construct its new plant.

Industry insiders pointed out that GET is already an OEM supplier for Suntech Power, the largest solar-cell maker in China, with the plant-building expected to further expand the partnership between the two parties.

Suntech, GET's major customer, expects to ship solar-cell panels with total capacity of 530 MW this year, is currently the largest solar-cell maker in the Great China region with annual revenue of US$1.9 billion to US$2.1 billion.

As exports of poly-silicon products are levied 17% in value-added tax, the insider said, GET's new plant in China could enable material supply directly from Suntech at lower cost to achieve higher margins.

Solar power is one the focal-points in the Chinese central government's 11th five-year economic development plan, suggesting promise in the huge market.

Other Taiwan-based solar-cell-related companies have also set up business in China by establishing production facilities or through re-investments, including Motech Industrial Inc., PanJit International, Wafer Works Corp. etc.

GET, however, will be the first Taiwan-based solar-cell producer in China. Currently GET is the largest solar-cell crystal-growing maker in Taiwan with a maximum annual capacity of 400 MW (megawatt), while the company is actively stepping into thin-film type solar-panel segment with a new product line to be inaugurated in the fourth quarter this year.

 

]]>China Solar Company Newshttp://blog.solarfromchina.com/post/25.html#commenthttp://blog.solarfromchina.com/http://blog.solarfromchina.com/feed.asp?cmt=25http://blog.solarfromchina.com/cmd.asp?act=tb&id=25&key=483085a8Solar Thin Films Partners with China Singyes Holdinga@b.com (solar)http://blog.solarfromchina.com/post/22.htmlTue, 29 Jul 2008 19:10:02 +0800http://blog.solarfromchina.com/post/22.html
Solar Thin Films has signed a deal with China Singyes Holding to build out 100MW of module manufacturing capacity in China, the company said.

Solar Thin Films is a developer, manufacturer and marketer of manufacturing equipment for the production of "thin-film" amorphous silicon and CIGS photovoltaic modules. As per the deal, the company will supply equipment, technology and general engineering and design support, and retain certain rights outside of China to market and distribute building integrated photovoltaic (BIPV) products.

Solar Thin Films intends to install cost-effective thin-film photovoltaic manufacturing equipment through 2011. While equipment installation is expected to commence in the fourth quarter of 2008, the initial production and sale of BIPV products could begin in 2009.

Peter Lewis, chief executive officer of Solar Thin Films, said the proposed arrangement with China Singyes could be a significant step forward in their goal to become a leader in supplying cost-effective, thin film photovoltaic module manufacturing equipment.

Lewis added that combined with their recently announced $12.3 million order from Grupo Unisolar, to build a 5MW turn-key a-SI Module plant in Spain, it clearly shows the progress they are making. He finds this to be a terrific opportunity for them as China Singyes is one of the country's largest curtain wall engineering companies, with numerous projects inside and outside China, and a demonstrated commitment to expand an already existing presence in the solar field.

Solar Thin Films’ rights to market BIPV output from the new facility outside of China would also open new customer channels and markets for them within the construction industry.

Both the companies are currently minority shareholders and board members of CG Solar, a "thin-film" module manufacturing company located in Weihai, China, that utilizes equipment produced by Solar Thin Films.

 



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]]>China Solar Company Newshttp://blog.solarfromchina.com/post/22.html#commenthttp://blog.solarfromchina.com/http://blog.solarfromchina.com/feed.asp?cmt=22http://blog.solarfromchina.com/cmd.asp?act=tb&id=22&key=68ec8475China Tianwei plans rights issue for solar projectsa@b.com (solar)http://blog.solarfromchina.com/post/21.htmlTue, 29 Jul 2008 19:10:02 +0800http://blog.solarfromchina.com/post/21.html
China Tianwei plans rights issue for solar projects

China's Baoding Tianwei Baobian Electric Co Ltd (600550.SS: Quote, Profile, Research) said on Wednesday it plans to issue new stock to shareholders to raise funds for 3.2 billion yuan ($462 million) in solar energy projects and other business requirements.

The company plans to issue up to 210 million additional shares, or up to 1.8 shares for each 10 held, to fund a solar energy panel project, two polysilicon production lines, repayment of bonds and improvement of its cash position.

It added that if the rights issue does not raise enough funds to meet the 3.2 billion yuan requirement, it would secure the remainder from its own funds or bank loans.

It said the offer price for the shares would be determined based on net assets per-share in the most recent results report. The company reported net assets per share of 4.19 yuan in the result for the first quarter.

The company's shares ended at 39.34 yuan on Tuesday. They have risen about 10 percent this year, compared with a one-third drop in Shanghai's benchmark index .SSEC.

China is encouraging solar power production as part of an effort to boost renewable energy and cut its dependence on coal to fuel its booming economy, although tight silicon supplies have hampered solar panel production at small companies.

Several Chinese solar companies such as Suntech Power Co (STP.N: Quote, Profile, Research) and JA Solar Holdings Co Ltd (JASO.O: Quote, Profile, Research) have listed shares on overseas markets. ($1=6.925 Yuan)

 

]]>China Solar Company Newshttp://blog.solarfromchina.com/post/21.html#commenthttp://blog.solarfromchina.com/http://blog.solarfromchina.com/feed.asp?cmt=21http://blog.solarfromchina.com/cmd.asp?act=tb&id=21&key=1f694062DuPont to expand Chinese output of solar photovoltaic cellsa@b.com (solar)http://blog.solarfromchina.com/post/18.htmlTue, 29 Jul 2008 19:10:02 +0800http://blog.solarfromchina.com/post/18.html
DuPont to expand Chinese output of paste used to make photovoltaic cells

DuPont Co. said Monday it will more than double its Chinese production of pastes used by solar cell makers in manufacturing photovoltaic products.

The expanded output of its Solamet pastes at the company's Electronic Materials DuPont Dongguan Ltd. facility is as part of a strategy to more than triple DuPont's sales to the photovoltaic industry. The pastes are used by DuPont customers to increase the efficiency and production of solar cells.

DuPont expects that its sales into photovoltaics within the next five years will be over $1 billion _ up from about $300 million today, the U.S. chemical company said.

Shares fell 1 cent to $46.31 in morning trading

 

]]>China Solar Company Newshttp://blog.solarfromchina.com/post/18.html#commenthttp://blog.solarfromchina.com/http://blog.solarfromchina.com/feed.asp?cmt=18http://blog.solarfromchina.com/cmd.asp?act=tb&id=18&key=a0fd2c8bChina's SMIC plans to make polysilicona@b.com (solar)http://blog.solarfromchina.com/post/15.htmlTue, 29 Jul 2008 19:10:02 +0800http://blog.solarfromchina.com/post/15.html
Semiconductor Manufacturing International Corp, China's biggest contract chip maker, plans to become a maker of polysilicon, a key material for solar energy cells, a source familiar with the situation said on Thursday.

SMIC is in talks with a German company to obtain the necessary technology, said the source, declining to identify the German firm.

The location of SMIC's polysilicon plant has not been decided, but it will be in an area of China where power is relatively cheap, added the source, who declined to be named since an agreement on the technology transfer has not yet been reached.

An SMIC spokesman declined comment.

SMIC, a major maker of memory and logic chips, also manufactures crystalline cells and assembles photovoltaic panels, which are used to produce solar energy.

Several Chinese companies making solar power equipment, such as Suntech Power Holdings Co, are trying to move their operations upstream into production of key materials, in order to cut costs and obtain better control over the supply chain.

 

]]>China Solar Company Newshttp://blog.solarfromchina.com/post/15.html#commenthttp://blog.solarfromchina.com/http://blog.solarfromchina.com/feed.asp?cmt=15http://blog.solarfromchina.com/cmd.asp?act=tb&id=15&key=fefac5f0CSI delivers BIPV modules for Beijing Olympicsa@b.com (solar)http://blog.solarfromchina.com/post/12.htmlTue, 29 Jul 2008 19:10:02 +0800http://blog.solarfromchina.com/post/12.html

Canadian Solar Inc. (CSI) has completed the delivery of 66kW of building integrated photovoltaics (BIPV) modules for the lamp posts along the Olympic Boulevard from the "Bird's Nest", the main stadium for the 2008 Beijing Olympics, to the Olympic Square in China.
Over its 25-year operating lifespan, the solar power system, with modules horizontally placed for aesthetic purpose, will generate more than 1,925,000kWh of power and reduce CO2 emissions by more than 2,750 tons. The BIPV project sits right on the axis of Beijing , symbolizing the nation's increasing commitment to sustainable development.

"We are very pleased to have won this contract and be a part of the 2008 Olympics," said Shawn Qu, chairman and CEO of Canadian Solar. "BIPV directly applies solar technology to architecture, which is a fast growing area of solar applications. Given CSI's experience in specialty solar modules and customized solar system design, we are ready to bring our expertise to many other future BIPV projects. China is on its way towards becoming a major solar market, and this contract will help us improve our already strong foothold in the market."

China instituted its "Renewable Energy Law" in 2006, making it mandatory for the State Electric Grid to connect to solar power and pay favorable feed-in tariffs. The execution procedure for this law, however, has yet to be released.

In August 2007, China's National Development and Reform Commission (NDRC) published its national development strategy for renewable energy. According to the strategy, China targets to install 300MW cumulative solar generation capacity by 2010 and 1.8GW by 2020.

 

]]>China Solar Company Newshttp://blog.solarfromchina.com/post/12.html#commenthttp://blog.solarfromchina.com/http://blog.solarfromchina.com/feed.asp?cmt=12http://blog.solarfromchina.com/cmd.asp?act=tb&id=12&key=9d945351China's ET Solar taps into Korea's PV marketa@b.com (solar)http://blog.solarfromchina.com/post/4.htmlTue, 29 Jul 2008 19:10:02 +0800http://blog.solarfromchina.com/post/4.html

ET Solar Group Corp, a Nanjing-based vertically integrated manufacturer of photovoltaic products, announced Wednesday it has won a deal to supply 500 kilowatt of PV modules to Techwin, a leading plant engineering and environmental technology development company in Korea.

The ordered 500 kilowatt of PV modules will be delivered to Techwin during the third quarter of this year. This deal is ET Solar's first step to tap into the Korean PV market. Earlier it has won supply deals in Italian and French markets, according to Wang Xinghua, CEO and chairman of ET Solar.

In the next few months, ET Solar hopes to forge some new relationships and become a bigger solar equipment supplier in the booming Korean PV market, said Wang. Sang-IK Park, Senior Managing Director of Techwin, said he expected to further cooperate with ET Solar in the future.

ET Solar provides high quality PV modules. It has two manufacturing facilities in Taizhou, China. It has expanded its business to the world's major solar markets, including the U.S., Germany, Italy, Spain, and Korea. Its products include ingots, wafers, modules, and state-of-the-art dual-axis tracking systems.

 

]]>China Solar Company Newshttp://blog.solarfromchina.com/post/4.html#commenthttp://blog.solarfromchina.com/http://blog.solarfromchina.com/feed.asp?cmt=4http://blog.solarfromchina.com/cmd.asp?act=tb&id=4&key=ad14baccLDK Solar signs 10-year deal with Photovoltecha@b.com (solar)http://blog.solarfromchina.com/post/2.htmlTue, 29 Jul 2008 19:10:02 +0800http://blog.solarfromchina.com/post/2.htmlChinese solar company LDK Solar Co Ltd on Wednesday said it signed a 10-year contract to supply about 400 megawatts of solar wafers to Belgium-based Photovoltech.

The company said it will deliver the multicrystalline solar wafers -- the principal raw material used in solar cells -- from 2009 through 2018.

It did not disclose the value of the contract but said Photovoltech will make a down payment for a portion of the contract's value.

Shares of LDK closed at $38.39 on the New York Stock Exchange on Tuesday.

 

]]>China Solar Company Newshttp://blog.solarfromchina.com/post/2.html#commenthttp://blog.solarfromchina.com/http://blog.solarfromchina.com/feed.asp?cmt=2http://blog.solarfromchina.com/cmd.asp?act=tb&id=2&key=6e680a2bCanadian Solar to sell 3.5 million shares in USa@b.com (solar)http://blog.solarfromchina.com/post/1.htmlTue, 29 Jul 2008 19:10:02 +0800http://blog.solarfromchina.com/post/1.htmlCanadian Solar Inc. has filed with the Securities and Exchange Commission to sell 3.5 million new common shares in the United States in a public offering, the company said late Monday.

The China-based company also plans to grant its underwriters, Deutsche Bank Securities Inc. and Piper Jaffray & Co., an option to purchase up to 525,000 additional common shares within 30 days of the offering.

Canadian Solar, which designs and manufactures products that convert sunlight into electricity, plans to use the proceeds from the offering for working capital, general corporate purposes and potential future acquisitions.

The company's shares soared $5.99, or 18 percent, to $38.39 Monday after the company raises its revenue outlook for the second quarter. Shares declined $2.39, or 6.2 percent, to $36 in after-hours trading.

 

]]>China Solar Company Newshttp://blog.solarfromchina.com/post/1.html#commenthttp://blog.solarfromchina.com/http://blog.solarfromchina.com/feed.asp?cmt=1http://blog.solarfromchina.com/cmd.asp?act=tb&id=1&key=ce64c3e4