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Suntech Boasts 1GW Capacity Amid Tough Times for Solar Market

The Chinese solar panel maker could use the manufacturing might to undercut competitors during a year when a panel bumper crop will likely happen.
by  Ucilia Wang, January 8, 2009
Source: GreenTechMedia.com
http://www.greentechmedia.com/articles/
suntech-boasts-1gw-capacity-amid-tough-times-for-solar-market-5480.html

Suntech Power Holdings has crossed the all-important milestone of being able to produce 1 gigawatt of solar panels a year.  The Chinese company celebrated the accomplishment Thursday along with the opening of a new headquarters in the city of Wuxi that comes with 1-megawatt solar panels built into building facade in addition to a host of energy-efficiency features. Suntech makes the solar cells and assembles them into panels.  Reaching 1 gigawatt is certainly worth boasting, although investors will care more about what the company does now that it has that capacity – and how it weathers the economic downturn. (more…)

LDK Solar Reaches New Milestones in January

* Completes First Polysilicon Production Run
* Celebrates 15 Million Safe Work Hours for 15,000 MT Polysilicon Plant
XINYU CITY, China and SUNNYVALE, Calif.,January 16, 2009
Source: LDK Solar Co. Ltd press release
http://www.ldksolar.com/Press%20Release.html

LDK Solar Co., Ltd., a manufacturer of multicrystalline solar wafers, today announced that a ceremony was held to recognize important company milestones that were reached in early January.  LDK Solar has continued to make significant progress with the construction of its polysilicon plants and is pleased to announce that the 1,000 metric ton (MT) annualized capacity polysilicon plant recently completed its first successful polysilicon production run. The company also announced that it has achieved a major milestone on the 15,000 MT annualized capacity polysilicon plant by completing 15 million safe work hours. (more…)

LG to Sign $340M Solar Wafer Deal With Norway’s REC

by Martyn Williams, IDG News Service, Jan 18, 2009
Source: PC World.com
http://www.pcworld.com/article/157924/
lg_to_sign_340m_solar_wafer_deal_with_norways_rec.html

South Korea’s LG Electronics will sign a five-year deal this week to buy silicon wafers for solar panels from Norway’s REC Wafer, it said Sunday. The contract, which will be signed on Thursday in Seoul, is worth at least US$340 million and supply will begin in limited quantities next year. Supply will increase over the contract period from 2010 to 2014. (more…)

LG Electronics to Invest in Solar Cell Production Line at Gumi, SKorea

January 18th, 2009 by kalyan89 in Press Releases, Reports, PV Industry - Asia, SC Company Reports

Seoul, Korea, October 21, 2008
Source; LG Electronics press release
http://www.lge.com/ir/news_ir/

LG Electronics (LG), a global leader and technology innovator in consumer electronics, decided at its board of directors meeting held on October 20 to convert its A1 plasma panel-manufacturing line in Gumi, Korea, into solar cell production lines. LG plans to invest KRW 220 billion by 2010 to establish two production lines. The company expects that the first line will be able to begin mass production from the first quarter of 2010, with the second line beginning full operations in the first quarter of 2011. Both lines will manufacture crystalline silicon solar cells and modules with a capacity of 120MW each. (more…)

Sharp to open solar battery plant ahead of time

Osaka, Kyodo, Jan 8, 2998
Source: JapanTimes.co.jp
http://search.japantimes.co.jp/cgi-bin/nb20090108a4.html

Sharp Corp. will begin operating its new solar battery plant by the end of this year, earlier than spring 2010 as originally planned, to meet fast-growing demand, company officials said Wednesday.  The ¥72 billion plant is now under construction in Sakai, Osaka Prefecture, to produce thin-film solar batteries at an annual pace of 480 megawatts initially, they said. (more…)

China Sunergy Announces Sales Agreement with Solarwatt AG

China Sunergy to Provide 22MW of Solar Cells to the German Module Manufacturer
NANJING, China, Dec. 10, 2008
Source: China Sunergy Co Ltd, press release

China Sunergy Co., Ltd. (Nasdaq: CSUN), a specialized solar cell manufacturer based in Nanjing, China, today announced that it has entered into an agreement with Solarwatt AG, a leading manufacturer of solar modules in Germany, to provide 22MW of solar cells over the course of 2009. (more…)

China Sunergy Four High Efficiency SE Solar Cell Production Lines Put Into Commercial Production

Source: China Sunergy Co. Ltd press release /Dec 18, 2008
http://www.chinasunergy.com/press/detail_eng.asp?nid=47

China Sunergy Co., Ltd., a specialized solar cell manufacturer based in Nanjing, held an opening ceremony for the 3rd stage production lines of China Sunergy at its Nanjing production base on December 18. Four high-efficiency SE solar cell production lines were officially put into production. So far, China Sunergy has a production capacity of up to 320 MW, and has ten solar cell production lines: five for high-efficiency SE solar cells, four for HP solar cells (upgraded from common P-type monocrystalline silicon solar cells), and one for common P-type multicrystalline silicon solar cells. (more…)

China Sunergy Signs Sales Agreement With Ajit Solar

Signifying the Company’s first move into the Indian solar market
NANJING, China, Dec. 23, 2008
Source: China Sunergy Co. Ltd press release

China Sunergy Co., Ltd. (Nasdaq: CSUN), a specialized solar cell manufacturer based in Nanjing, China, today announced that it has entered into a one-year agreement with Ajit Solar Pvt Ltd (“Ajit Solar”), a privately-owned module manufacturer based in Jaipur, India.  Under the terms of the agreement, China Sunergy will supply and deliver a total volume of 12MW of multi-crystalline solar cells. It is expected that China Sunergy will deliver 5MW to Ajit Solar in the first half of the year, and the remaining 7MW in the latter half. (more…)

Toshiba muscles into solar-energy business

January 8th, 2009 by kalyan89 in Press Releases, Reports, PV Industry - Asia, R&D reports

by Martin LaMonica, Jan 5, 2009
Source: CNet News
http://news.cnet.com/8301-11128_3-10131614-54.html

Toshiba, a company best known for making laptops and consumer electronics, on Monday said that it will enter the solar-photovoltaics business.  But don’t expect to see Toshiba-branded solar panels on a home rooftop any time soon. The company’s industrial and energy arm plans to build utility-scale solar power plants.  Toshiba’s photovoltaics business will be part of the conglomerate’s Transmission Distribution & Industrial Systems business, which makes equipment for natural-gas power plants. (more…)

Yingli Green Energy Signs 15 MW Sales Contract with GOLDBECK Solar

Baoding, China – January 5, 2009
Source. Yingli Solar, press release
http://ir.yinglisolar.com/e/print_content.php?itemid=00098

Yingli Green Energy Holding Company Limited (NYSE: YGE) (“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 sales contract with GOLDBECK Solar GmbH (“GOLDBECK Solar”), a leading German PV system specialist company for PV applications on industrial buildings. Under the terms of the contract, Yingli Green Energy is expected to supply a minimum of 15 MW of PV modules to GOLDBECK Solar in 2009. In addition, the contract provides a framework for GOLDBECK Solar to purchase up to an additional 58 MW of PV modules from Yingli Green Energy in 2009. (more…)

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