CHANGZHOU, CHINA: Trina Solar Ltd (TSL), a leading integrated manufacturer of solar photovoltaic (PV) products from the production of ingots, wafers and cells to the assembly of PV modules, has obtained a five-year syndicated loan facility to support its East Campus capacity expansion project.
The size of the loan facility is approximately $304 million, and the loan is denominated in both US dollars and Renminbi. The loan bears a floating interest rate consisting of a premium over LIBOR and the basic rate of the People's Bank of China for the respective US dollar and Renminbi portions of the loan.
The lenders consist of a syndicate of five domestic banks led by the Agricultural Bank of China and Bank of China, and the loan will be used to finance the Company's 500 MW capacity expansion project to be completed over the next three years.
The first drawdown is expected to occur in September 2009 in accordance with the schedule agreed upon with the lenders. The loan proceeds will be used to fund the Company's capital expenditure targets for the second half of 2009 and will also be immediately used to repay related outstanding loans of approximately $80 million due on June 30, 2010.
"We are very pleased to finalize this important financing to drive this next important phase of our company's advancement," said Jifan Gao, Chairman and CEO of Trina Solar. "The syndicated loan facility combined with the proceeds from our recent follow-on offering will allow us to improve our long-term capital resources as we carry out our market-driven expansion plan and elevate our manufacturing technology platform."
Showing posts with label Trina Solar. Show all posts
Showing posts with label Trina Solar. Show all posts
Tuesday, September 8, 2009
Friday, September 4, 2009
Overview of Chinese solar power industry
Note: This is a regular series of relevant industry news from around China. Courtesy: China Briefing
Solar power
Chinese photovoltaic (PV) maker Trina Solar said earnings per average diluted share topped US$0.71 for the second quarter of fiscal 2009, thanks to a drop in polysilicon prices.
Over the first quarter, the company scaled back polysilicon costs by 30 percent on the back of lower purchase price, effective management of long-term contracts and prudent inventory management. In addition, it drove down non-silicon manufacturing costs for its multi-crystalline modules by around 6 percent to US$73 per watt.
Revenues rose by 13.5 percent to US$150 million from the previous quarter but dipped 26.5 percent from a year earlier, dragged by a lower module average selling price. Total shipments went up to 63.9 MW from 48.8 MW in the first quarter and 47.6 MW in the corresponding period of 2008.
The increase was fueled by robust demand in the company’s key European markets, easier customer access to PV system purchase funding and expanded government schemes to encourage clean energy development.
The higher revenue and the lower cost structure helped a rise in gross margin to 27.4 percent in the second quarter from 17.2 percent in the first quarter and 23.3 percent a year ago.
The company confirmed its 2009 PV module shipment guidance at a range of 350 MW–400 MW, expecting to ship between 90 MW and 110 MW in the third quarter. But it says its average selling price is headed for a 10-15 percent drop in the third quarter and a further 10-12 percent in the fourth. The decline should be offset by improvements in manufacturing costs by 15-20 percent in the fiscal 2009.
The construction of a 200 MW solar power plant was started in the Golmud Desert of Qinghai, western China, on Thursday. The investor, China Longyuan Power Group, a subsidiary of China Guodian, will invest RMB4 billion into the project. Some RMB400 million will be spent on the first phase of the power plant. The first phase will have an annual production capacity of 36 million kWh and will become operational in September 2010.
Following other major players in the electronic devices industry, Taiwan Semiconductor Manufacturing Co. has decided to invest US$50 million in solar power industry, Electronics Weekly reported. US-headquartered Applied Materials already earns half of its income from selling manufacturing equipment to solar-focused companies. In 2008, Intel established its solar power business SpectraWatt.
Chinese multicrystalline solar wafers maker LDK Solar said yesterday it has inked an agreement with Yancheng City, Jiangsu Province, under the terms of which LDK Solar will develop a number of PV power projects, including PV ground-power stations, and roof and building integration systems totalling up to 500 MW over the next five years.
Eager for a bulkier market share, Chinese solar heavyweight Suntech Power supplies solar PV panels in the United States below materials, assembly and shipping costs, founder and CEO Shi Zhengrong told the New York Times.
The move underpins a drive by Chinese manufacturers to gain a major foothold on the global green arena, where the United States is a major player. They have already driven down the price of solar panels by almost a half over the past year. Chinese producers will tap into generous government support to build assembly plants in the United States to skirt rules that would lock Chinese-made products out of stimulus monies.
The Obama administration has announced US$2.3 billion in tax credits to clean energy equipment manufacturers. Suntech is poised to take over from Germany’s Q-Cells as the world’s second largest PV cells supplier, breathing in the neck of U.S.-based First Solar. The Chinese company plans to construct a US assembly unit on a location due to be announced in a month or two. It is now scouting Phoenix, Arizona and Texas.
Despite his bold ambitions about the United States, Shi predicted earlier this month that the Chinese market will grow by a less-than-expected margin this year before government stimulus measures could give it a bounce.
Singapore-based semiconductor foundry United Microelectronics said it will establish a new business development center to focus on solar power and light-emitting diode projects.The company’s board approved on August 24 an injection of up to TWD1.5 billion in a new wholly-owned subsidiary, named UMC New Business Investment. The entity will be run by Wen Yang Chen, senior vice president of UMC.
Initially, the new company will complete the development of respective technologies and establish a preliminary scale of operations. While in the future, UMC New Business Investment is expected to become a part of UMC’s core business with high competitive advantages.
Taiwanese power supplies, consumer electronics and optoelectronic products maker Lite-On Technology has signed an agreement with the government of Yingtan city, Jiangxi Province, to carry out a thin solar film power generation project for agricultural greenhouses, Xinhua’s China Economic Information Service reported. Prior to this deal, the company had signed a contract with Jiangxi’s Shangrao city for the construction of a solar power generation systems for five agricultural greenhouses, with 20 KW of installed capacity each.
Chinese PV maker Yingli Green Energy Holding said yesterday it would supply up to five MW of PV modules to Czech commercial property developer CTP Invest. The companies have inked a letter of intent (LoI), which calls for PV modules deliveries in the fourth quarter of 2009. The solar equipment will be utilized in several grid-connected rooftop installations at CTP’s industrial parks and office centers in the Czech Republic.
Remon L. Vos, managing director of CTP, expects the binding contract based upon this LoI will be achieved in the following weeks.The Chinese company has already delivered over 10 MW PV modules to customers in the Czech Republic since the beginning of 2009, Liansheng Miao, CEO of Yingli Green Energy, noted.
China-based solar cell and module products maker Canadian Solar said on August 26 it had signed a Letter of Intent (LOI) with the Administration Committee of Baotou National Rare Earth Hi-Tech Industrial Development Zone under which Canadian Solar has obtained the rights to design, install, operate, and maintain a 500 MW solar power plant system.
Under the terms of the LOI, the solar power project will be located in CPT.The project is pending government approval.
Chinese power generation systems distributor A-Power Energy Generation Systems reported yesterday an unaudited net profit of US$6.3 million for the second quarter of 2009, slightly up from US$6.2 million booked a year earlier.
Diluted earnings per share were US$0.14, down from US$0.18 a year earlier, as in the second quarter of 2009, the weighted average number of shares on a fully diluted basis was 35.3 million while in the same period of 2008 it was 33.9 million.
The fast-growing manufacturer of wind turbines said its revenues in the three months ended June 30, fell to US$57.5 million from US$65.7 million last year. The decline was attributed to delays in some distributed power generation projects.
Gross margin in the period went up to 13.4 percent versus 12.1 percent in the second quarter of 2008, thanks to higher efficiency derived from cost-saving in labour as the A-Power undertook 30 MW-plus DG projects.
However, higher selling, general and administrative expenses dragged the earnings before interest and taxes to US$4.7 million, down from US$6 million in the same period in 2008.
Commenting on the quarterly financial results, the CEO of the company, Jinxiang Lu, said that during the period A-Power has built a foundation for prospective growth in the future. The company set up a joint venture with Jiangsu Miracle Logistics System Engineering to produce and sell wind turbine components in China. A-Power has also completed assembly of two units of the 2.7 MW wind turbines in Shenyang and purchased Shenyang Huaren’s technology for 1.5 MW wind turbines, along with its backlog to produce and sell 10 units of the 1.5 MW wind turbines.
Focused mainly on wind power, the company has also signed a memorandum of understanding to take over Japanese thin-film PV products developer Evatech Co.
Chinese thin-film technology developer Astronergy announced today that it had won a bid for the development of a two MW PV project.
The large-scale grid-connected PV system will be located at the Hangzhou Energy and Environment Industrial Park in the province of Zhejiang, eastern China. Its installation will be financed by China Energy Conservation Investment, a promoter of energy-saving, environmental protection technologies and projects.
Astronergy will cover the roof of the Green Science and Technology Hall in the industrial park with a combination of its crystalline silicon-based and thin-film PV modules. The hall will incorporate mainly building-integrated PV technologies.
Chinese photovoltaic panels maker Sky Global will invest EUR14.5 million in a plant in Mataporquera, southern Spain. Sky Global will open the plant in 2011 and will create 465 jobs. The company will also build a 9.9-MW photovoltaic park with 672 panels. Sky Global operates in Spain through its subsidiary Sky Global Solar.
Solar power
Chinese photovoltaic (PV) maker Trina Solar said earnings per average diluted share topped US$0.71 for the second quarter of fiscal 2009, thanks to a drop in polysilicon prices.
Over the first quarter, the company scaled back polysilicon costs by 30 percent on the back of lower purchase price, effective management of long-term contracts and prudent inventory management. In addition, it drove down non-silicon manufacturing costs for its multi-crystalline modules by around 6 percent to US$73 per watt.
Revenues rose by 13.5 percent to US$150 million from the previous quarter but dipped 26.5 percent from a year earlier, dragged by a lower module average selling price. Total shipments went up to 63.9 MW from 48.8 MW in the first quarter and 47.6 MW in the corresponding period of 2008.
The increase was fueled by robust demand in the company’s key European markets, easier customer access to PV system purchase funding and expanded government schemes to encourage clean energy development.
The higher revenue and the lower cost structure helped a rise in gross margin to 27.4 percent in the second quarter from 17.2 percent in the first quarter and 23.3 percent a year ago.
The company confirmed its 2009 PV module shipment guidance at a range of 350 MW–400 MW, expecting to ship between 90 MW and 110 MW in the third quarter. But it says its average selling price is headed for a 10-15 percent drop in the third quarter and a further 10-12 percent in the fourth. The decline should be offset by improvements in manufacturing costs by 15-20 percent in the fiscal 2009.
The construction of a 200 MW solar power plant was started in the Golmud Desert of Qinghai, western China, on Thursday. The investor, China Longyuan Power Group, a subsidiary of China Guodian, will invest RMB4 billion into the project. Some RMB400 million will be spent on the first phase of the power plant. The first phase will have an annual production capacity of 36 million kWh and will become operational in September 2010.
Following other major players in the electronic devices industry, Taiwan Semiconductor Manufacturing Co. has decided to invest US$50 million in solar power industry, Electronics Weekly reported. US-headquartered Applied Materials already earns half of its income from selling manufacturing equipment to solar-focused companies. In 2008, Intel established its solar power business SpectraWatt.
Chinese multicrystalline solar wafers maker LDK Solar said yesterday it has inked an agreement with Yancheng City, Jiangsu Province, under the terms of which LDK Solar will develop a number of PV power projects, including PV ground-power stations, and roof and building integration systems totalling up to 500 MW over the next five years.
Eager for a bulkier market share, Chinese solar heavyweight Suntech Power supplies solar PV panels in the United States below materials, assembly and shipping costs, founder and CEO Shi Zhengrong told the New York Times.
The move underpins a drive by Chinese manufacturers to gain a major foothold on the global green arena, where the United States is a major player. They have already driven down the price of solar panels by almost a half over the past year. Chinese producers will tap into generous government support to build assembly plants in the United States to skirt rules that would lock Chinese-made products out of stimulus monies.
The Obama administration has announced US$2.3 billion in tax credits to clean energy equipment manufacturers. Suntech is poised to take over from Germany’s Q-Cells as the world’s second largest PV cells supplier, breathing in the neck of U.S.-based First Solar. The Chinese company plans to construct a US assembly unit on a location due to be announced in a month or two. It is now scouting Phoenix, Arizona and Texas.
Despite his bold ambitions about the United States, Shi predicted earlier this month that the Chinese market will grow by a less-than-expected margin this year before government stimulus measures could give it a bounce.
Singapore-based semiconductor foundry United Microelectronics said it will establish a new business development center to focus on solar power and light-emitting diode projects.The company’s board approved on August 24 an injection of up to TWD1.5 billion in a new wholly-owned subsidiary, named UMC New Business Investment. The entity will be run by Wen Yang Chen, senior vice president of UMC.
Initially, the new company will complete the development of respective technologies and establish a preliminary scale of operations. While in the future, UMC New Business Investment is expected to become a part of UMC’s core business with high competitive advantages.
Taiwanese power supplies, consumer electronics and optoelectronic products maker Lite-On Technology has signed an agreement with the government of Yingtan city, Jiangxi Province, to carry out a thin solar film power generation project for agricultural greenhouses, Xinhua’s China Economic Information Service reported. Prior to this deal, the company had signed a contract with Jiangxi’s Shangrao city for the construction of a solar power generation systems for five agricultural greenhouses, with 20 KW of installed capacity each.
Chinese PV maker Yingli Green Energy Holding said yesterday it would supply up to five MW of PV modules to Czech commercial property developer CTP Invest. The companies have inked a letter of intent (LoI), which calls for PV modules deliveries in the fourth quarter of 2009. The solar equipment will be utilized in several grid-connected rooftop installations at CTP’s industrial parks and office centers in the Czech Republic.
Remon L. Vos, managing director of CTP, expects the binding contract based upon this LoI will be achieved in the following weeks.The Chinese company has already delivered over 10 MW PV modules to customers in the Czech Republic since the beginning of 2009, Liansheng Miao, CEO of Yingli Green Energy, noted.
China-based solar cell and module products maker Canadian Solar said on August 26 it had signed a Letter of Intent (LOI) with the Administration Committee of Baotou National Rare Earth Hi-Tech Industrial Development Zone under which Canadian Solar has obtained the rights to design, install, operate, and maintain a 500 MW solar power plant system.
Under the terms of the LOI, the solar power project will be located in CPT.The project is pending government approval.
Chinese power generation systems distributor A-Power Energy Generation Systems reported yesterday an unaudited net profit of US$6.3 million for the second quarter of 2009, slightly up from US$6.2 million booked a year earlier.
Diluted earnings per share were US$0.14, down from US$0.18 a year earlier, as in the second quarter of 2009, the weighted average number of shares on a fully diluted basis was 35.3 million while in the same period of 2008 it was 33.9 million.
The fast-growing manufacturer of wind turbines said its revenues in the three months ended June 30, fell to US$57.5 million from US$65.7 million last year. The decline was attributed to delays in some distributed power generation projects.
Gross margin in the period went up to 13.4 percent versus 12.1 percent in the second quarter of 2008, thanks to higher efficiency derived from cost-saving in labour as the A-Power undertook 30 MW-plus DG projects.
However, higher selling, general and administrative expenses dragged the earnings before interest and taxes to US$4.7 million, down from US$6 million in the same period in 2008.
Commenting on the quarterly financial results, the CEO of the company, Jinxiang Lu, said that during the period A-Power has built a foundation for prospective growth in the future. The company set up a joint venture with Jiangsu Miracle Logistics System Engineering to produce and sell wind turbine components in China. A-Power has also completed assembly of two units of the 2.7 MW wind turbines in Shenyang and purchased Shenyang Huaren’s technology for 1.5 MW wind turbines, along with its backlog to produce and sell 10 units of the 1.5 MW wind turbines.
Focused mainly on wind power, the company has also signed a memorandum of understanding to take over Japanese thin-film PV products developer Evatech Co.
Chinese thin-film technology developer Astronergy announced today that it had won a bid for the development of a two MW PV project.
The large-scale grid-connected PV system will be located at the Hangzhou Energy and Environment Industrial Park in the province of Zhejiang, eastern China. Its installation will be financed by China Energy Conservation Investment, a promoter of energy-saving, environmental protection technologies and projects.
Astronergy will cover the roof of the Green Science and Technology Hall in the industrial park with a combination of its crystalline silicon-based and thin-film PV modules. The hall will incorporate mainly building-integrated PV technologies.
Chinese photovoltaic panels maker Sky Global will invest EUR14.5 million in a plant in Mataporquera, southern Spain. Sky Global will open the plant in 2011 and will create 465 jobs. The company will also build a 9.9-MW photovoltaic park with 672 panels. Sky Global operates in Spain through its subsidiary Sky Global Solar.
Wednesday, July 8, 2009
Evolution Solar explores China opportunities
PHOENIX, USA: Evolution Solar Corp. has sent representatives to China to explore potential opportunities there and to consider strengthening the Company’s existing presence in China.
As the company has developed, it has become increasingly clear that China will be a leader in the development of new solar products (such as thin-film solar) and a major consumer as well.
EVSO seeks to convert relationships it has developed in China into a major component of its business strategy. This trip is aimed at establishing top level strategic relationships with solar companies in China and at evaluating possible locations for a new Chinese headquarters.
“We see growth coming both through acquisitions and through strategic relationships with leaders in the solar industry in China,” stated Robert Kaapke, CEO of Evolution Solar Corp. “The Company is entering an exciting new phase of development with these two new foundations for growth.”
EVSO expects to incorporate products produced by, Sun Power, First Solar, Trina Solar and LDK Solar Co. Ltd.
As the company has developed, it has become increasingly clear that China will be a leader in the development of new solar products (such as thin-film solar) and a major consumer as well.
EVSO seeks to convert relationships it has developed in China into a major component of its business strategy. This trip is aimed at establishing top level strategic relationships with solar companies in China and at evaluating possible locations for a new Chinese headquarters.
“We see growth coming both through acquisitions and through strategic relationships with leaders in the solar industry in China,” stated Robert Kaapke, CEO of Evolution Solar Corp. “The Company is entering an exciting new phase of development with these two new foundations for growth.”
EVSO expects to incorporate products produced by, Sun Power, First Solar, Trina Solar and LDK Solar Co. Ltd.
Friday, July 3, 2009
Trina Solar's glass supplier to invest in Changzhou Trina PV industrial park
CHANGZHOU, CHINA: Trina Solar Ltd, a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, recently announced that one of the company's key solar module glass suppliers, Beijing Hua Mei Dazheng Technology Co. Ltd, has signed an investment agreement to establish a production facility in the Changzhou Trina Photovoltaic Industrial Park.
The agreement was signed with the Changzhou National High Tech District to build a production facility adjacent to Trina Solar's manufacturing campus. Construction of the facility is planned to start in the second half of 2009, with production expected to begin in the first half of 2010.
Beijing Hua Mei is one of the first PV glass companies to be established in China and has supplied Trina Solar since 2007. Trina Solar has entered into a long term agreement to purchase solar module glass produced by the new Changzhou production facility.
"We are excited by the ongoing developments of the Changzhou Trina PV Industrial Park and the opportunity to continue forming a strong partnership with Beijing Hua Mei," said Jifan Gao, Trina Solar's Chairman and CEO.
"Adding this key component supplier to the PV Park will support our goals to realize procurement and logistical advantages to accelerate our near term cost reduction initiatives. We are pleased that this important supplier has chosen to locate adjacent to the Trina Solar campus, and we believe this shows that Changzhou is fast becoming a hub for China's solar PV industry."
The agreement was signed with the Changzhou National High Tech District to build a production facility adjacent to Trina Solar's manufacturing campus. Construction of the facility is planned to start in the second half of 2009, with production expected to begin in the first half of 2010.
Beijing Hua Mei is one of the first PV glass companies to be established in China and has supplied Trina Solar since 2007. Trina Solar has entered into a long term agreement to purchase solar module glass produced by the new Changzhou production facility.
"We are excited by the ongoing developments of the Changzhou Trina PV Industrial Park and the opportunity to continue forming a strong partnership with Beijing Hua Mei," said Jifan Gao, Trina Solar's Chairman and CEO.
"Adding this key component supplier to the PV Park will support our goals to realize procurement and logistical advantages to accelerate our near term cost reduction initiatives. We are pleased that this important supplier has chosen to locate adjacent to the Trina Solar campus, and we believe this shows that Changzhou is fast becoming a hub for China's solar PV industry."
Friday, June 19, 2009
Trina Solar signs sales agreement with Enfinity
CHANGZHOU, CHINA: Trina Solar Ltd, a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, has entered into a sales agreement with customer Enfinity NV.
The agreement was signed in conjunction with the recent Intersolar-Munich Conference, held from May 27 to May 29.
Under the terms of this agreement, Trina Solar will supply Enfinity with approximately 15 MW of PV modules, with shipments scheduled in the current second quarter.
"We are very pleased to announce this new sales agreement with Enfinity, to further strengthen the existing well established partnership with Enfinity. This new contract will significantly help to grow new projects in markets such as Germany, Belgium, Italy and other European solar markets," stated Arturo Herrero, Vice-President of Sales & Marketing of Trina Solar. "We look forward to keep expanding our relationship with our loyal partner Enfinity by providing high quality modules, premium service and low cost industry leading platform."
"Enfinity is proud of this new sales agreement with Trina Solar. We consider this as a continuation of our good relationship with Trina Solar that supplies Enfinity and its customer base with the best in class solar technology," commented Gino Van Neer, Founder of Enfinity.
The agreement was signed in conjunction with the recent Intersolar-Munich Conference, held from May 27 to May 29.
Under the terms of this agreement, Trina Solar will supply Enfinity with approximately 15 MW of PV modules, with shipments scheduled in the current second quarter.
"We are very pleased to announce this new sales agreement with Enfinity, to further strengthen the existing well established partnership with Enfinity. This new contract will significantly help to grow new projects in markets such as Germany, Belgium, Italy and other European solar markets," stated Arturo Herrero, Vice-President of Sales & Marketing of Trina Solar. "We look forward to keep expanding our relationship with our loyal partner Enfinity by providing high quality modules, premium service and low cost industry leading platform."
"Enfinity is proud of this new sales agreement with Trina Solar. We consider this as a continuation of our good relationship with Trina Solar that supplies Enfinity and its customer base with the best in class solar technology," commented Gino Van Neer, Founder of Enfinity.
Wednesday, June 10, 2009
EVSO: Why solar wins!
PHOENIX, USA: According to Evolution Solar Corp., as America evolves from a petroleum economy to a green energy economy, investors seek to predict what industries will experience maximum growth.
As a solar consulting firm, EVSO sees strong market trends toward solar. Why will solar be a winning technology when others fail?
* The cost per kilowatt of solar panels is dropping dramatically with the introduction of thin film technology;
* Solar is the cleanest and quietest alternative energy technology available;
* Solar power can be installed as huge commercial power plants or on an individual home;
* It is the perfect distributed power technology.
“With prices dropping and efficiency rising, we see solar as the next big thing in alternative energy at a time when demand is being pushed hard by Congress and the Obama administration,” stated Robert Kaapke, CEO of Evolution Solar Corp. “We believe we are well positioned in an industry poised to experience explosive growth.”
Evolution Solar expects to benefit from growth within the solar industry along with competitors such as, Sun Power, First Solar, Trina Solar and LDK Solar.
As a solar consulting firm, EVSO sees strong market trends toward solar. Why will solar be a winning technology when others fail?
* The cost per kilowatt of solar panels is dropping dramatically with the introduction of thin film technology;
* Solar is the cleanest and quietest alternative energy technology available;
* Solar power can be installed as huge commercial power plants or on an individual home;
* It is the perfect distributed power technology.
“With prices dropping and efficiency rising, we see solar as the next big thing in alternative energy at a time when demand is being pushed hard by Congress and the Obama administration,” stated Robert Kaapke, CEO of Evolution Solar Corp. “We believe we are well positioned in an industry poised to experience explosive growth.”
Evolution Solar expects to benefit from growth within the solar industry along with competitors such as, Sun Power, First Solar, Trina Solar and LDK Solar.
Wednesday, May 27, 2009
Sunrise Solar signs agreement with Macon County
SAN ANTONIO, USA: Sunrise Solar Corp. has signed an agreement to assist Macon County, Alabama, with the implementation of new alternative energy projects.
The company will evaluate green technologies that will benefit the County, government buildings, public lighting and educational facilities. Projects will then be designed and implemented to meet these needs.
Addressing energy needs will include both improving energy efficiency in the County and bringing new alternative energy resources to the area. Funds are available from government sources, including the $800 Billion stimulus package to provide energy solutions that will reduce costs and dependence on foreign oil across America.
"We are pleased to become a partner with the leaders of Macon County," noted Maurice Stone, president of Sunrise Solar. "We expect to expand this model of working closely with government leaders to municipalities across America."
"We are excited to have this opportunity to work with Sunrise Solar in an effort to identify and develop alternative energy sources for Macon County," stated Louis Maxwell, Chairman, Macon County Commission. "We realize that to continue doing business in the same way, will produce the same results; we must change if our children will have a chance to become energy independent."
Sunrise Solar competes with green alternative energy players such as: Sun Power, First Solar, Trina Solar and LDK Solar.
The company will evaluate green technologies that will benefit the County, government buildings, public lighting and educational facilities. Projects will then be designed and implemented to meet these needs.
Addressing energy needs will include both improving energy efficiency in the County and bringing new alternative energy resources to the area. Funds are available from government sources, including the $800 Billion stimulus package to provide energy solutions that will reduce costs and dependence on foreign oil across America.
"We are pleased to become a partner with the leaders of Macon County," noted Maurice Stone, president of Sunrise Solar. "We expect to expand this model of working closely with government leaders to municipalities across America."
"We are excited to have this opportunity to work with Sunrise Solar in an effort to identify and develop alternative energy sources for Macon County," stated Louis Maxwell, Chairman, Macon County Commission. "We realize that to continue doing business in the same way, will produce the same results; we must change if our children will have a chance to become energy independent."
Sunrise Solar competes with green alternative energy players such as: Sun Power, First Solar, Trina Solar and LDK Solar.
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