SANDVIKA, NORWAY: REC has launched its first building integrated photovoltaic (BIPV) solution combining the high performing REC Peak Energy Series Module and the proven SolrifTM installation system distributed by Ernst Schweitzer AG.
The REC Peak Energy Integrated Solution is designed for building in-roof solar systems that combine the reliable power output of REC solar modules with the proven SolrifTM installation system. The solution is both weatherproof, and aesthetic, fitting directly into the roof replacing conventional building material. The product can be used for new roofs or for retrofit purposes.
“Starting with the REC Peak Energy Integrated we are diversifying our product portfolio to provide tailor made solutions to better meet the needs of our customers in the residential and commercial markets”, said Åsmund Fodstad, senior VP, Sales and Marketing, REC Solar.
On the market for more than ten years with several MW already installed, the quality and flexibility of the aluminum SolrifTMFrame is well established. The low profile height results in good rear ventilation, supporting efficient electrical performance and can be easily combined with several roofing materials. The system can be installed easily and quickly just like roof tiles.
The design supports drainage of rainwater and the sliding off of snow so that modules produce the maximum amount of power in all weather conditions.
“The REC Peak Energy Integrated is a solid investment for customers in the residential and commercial segments. Users can benefit from the highest feed- in-tariff available in France with this solution. We are glad to expand our product offering in a market that is such an important growth area for REC”, said Jan Jacob Boom-Wichers, MD, France, Benelux, UK and Ireland, REC Solar France. Visit REC at Energaia stand Hall 6, Stand K300.
The BIPV solution uses the frameless REC Peak Energy Module which delivers more power per square meter due to several design improvements resulting in approximately seven percent improved energy output compared to earlier generation modules.
REC Modules have consistently outperformed other manufacturers in Photon field performance tests measuring energy yield in 2010. The modules have a robust and durable design, supporting a large mechanical load. The new product is TUV certified.
The REC Peak Energy Integrated is available in France for purchase now and will soon be offered in other markets in the first quarter of 2011. REC plans to increase production of the REC Peak Energy Integrated and to expand this BIPV product range. REC partners in France were recently trained on the solution and the company will support the training of additional installers.
Wednesday, December 8, 2010
ATPL signs module supply agreement with First Solar for 15MW PV solar power project in Gujarat, India
NEW DELHI, INDIA: ACME Tele Power Ltd (ATPL), a leader in the field of innovative solutions for alternative energy and wireless telecommunications, and First Solar Inc. announced that they have signed a module supply agreement.
The agreement covers the supply of First Solar’s advanced, thin film modules to ACME for a 15 MW (DC) solar power plant in the state of Gujarat. Delivery is expected to take place by March 2011 to fulfil the Gujarat government’s expectations.
Manoj Kumar Upadhyay, chairman and managing director, ACME Tele Power, on signing the agreement, commented: “We are delighted to have entered this agreement with First Solar, which is one of the few companies in the world that possess a complete set of capabilities required to realise very large photovoltaic solar projects.
"This agreement is in line with our endeavour of pioneering turnkey solar technologies in India. We are enthusiastic about working with First Solar to make this ambitious project a success and deliver larger benefits to the country.”
Atul Sabharwal, executive VP, ACME Tele Power added: “We are excited about the developing relationship between ACME and First Solar. Our hope is that this project will mark the beginning of a long and mutually beneficial relationship between the two companies as we begin to develop the nascent Indian solar market and ACME demonstrates its expertise in engineering,
procurement and construction of projects with First Solar modules.”
TK Kallenbach, executive VP of Marketing & Product Management at First Solar, said: “We see India as a land of immense opportunity and potential. We are pleased to collaborate with a leader like ACME to contribute to the country through the development of clean, affordable, sustainable solar electricity utilising our advanced, thin film technology and unparalleled experience in large-scale solar PV systems.”
The agreement covers the supply of First Solar’s advanced, thin film modules to ACME for a 15 MW (DC) solar power plant in the state of Gujarat. Delivery is expected to take place by March 2011 to fulfil the Gujarat government’s expectations.
Manoj Kumar Upadhyay, chairman and managing director, ACME Tele Power, on signing the agreement, commented: “We are delighted to have entered this agreement with First Solar, which is one of the few companies in the world that possess a complete set of capabilities required to realise very large photovoltaic solar projects.
"This agreement is in line with our endeavour of pioneering turnkey solar technologies in India. We are enthusiastic about working with First Solar to make this ambitious project a success and deliver larger benefits to the country.”
Atul Sabharwal, executive VP, ACME Tele Power added: “We are excited about the developing relationship between ACME and First Solar. Our hope is that this project will mark the beginning of a long and mutually beneficial relationship between the two companies as we begin to develop the nascent Indian solar market and ACME demonstrates its expertise in engineering,
procurement and construction of projects with First Solar modules.”
TK Kallenbach, executive VP of Marketing & Product Management at First Solar, said: “We see India as a land of immense opportunity and potential. We are pleased to collaborate with a leader like ACME to contribute to the country through the development of clean, affordable, sustainable solar electricity utilising our advanced, thin film technology and unparalleled experience in large-scale solar PV systems.”
NextEra Energy Resources to purchase Canadian solar projects from First Solar
JUNO BEACH & TEMPE, USA: NextEra Energy Resources LLC, the competitive energy subsidiary of NextEra Energy Inc. and First Solar Inc. announced that they have entered into agreements for NextEra Energy Resources to purchase four solar photovoltaic (PV) projects totaling 40 megawatts (MW) in Ontario, Canada from First Solar, Inc.
Under the terms of the project agreements, First Solar will continue developing and will construct the Sombra and Moore Solar Energy Centers, using First Solar’s advanced thin film solar modules.
Each Solar Energy Center will consist of two 10-MW solar PV projects. Once operational, NextEra Energy Resources’ Canadian subsidiary, NextEra Energy Canada, will own and operate all four projects. All of the power from the solar projects will be sold to the Ontario Power Authority under long-term contracts.
“We’re pleased to expand our position as North America’s leading generator of solar power through the addition of our first Canadian solar projects,” said NextEra Energy Resources’ President and CEO Mitch Davidson. “Solar power will help promote a clean-energy economy in Ontario, reduce its dependence on fossil fuels, and address global climate change through the production of emission-free energy.”
“We’re pleased to forge this new customer relationship with NextEra Energy Resources, a company that shares our strong commitment to developing renewable energy in North America,” said Frank DeRosa, First Solar senior vice president of North American project development. “Together we look forward to bringing these projects online in 2011 and contributing to Canada’s clean energy needs.”
The Sombra and Moore Solar Energy Centers, located in Sombra and Moore Townships, Ontario, will each utilize thin film technology on a fixed tilt system. Each 10-MW project will consist of more than 172,000 panels.
The Sombra and Moore Solar Energy Centers will provide enough power to serve about 6,440 homes. Each year the solar projects are expected to help avoid nearly 45,000 tons of carbon dioxide, which is the equivalent of removing nearly 8,600 cars from the road every year for the life of the project.
Pending the necessary government approvals, construction on all four projects is expected to begin in the first quarter 2011 with commercial operation expected by the end of 2011.
Under the terms of the project agreements, First Solar will continue developing and will construct the Sombra and Moore Solar Energy Centers, using First Solar’s advanced thin film solar modules.
Each Solar Energy Center will consist of two 10-MW solar PV projects. Once operational, NextEra Energy Resources’ Canadian subsidiary, NextEra Energy Canada, will own and operate all four projects. All of the power from the solar projects will be sold to the Ontario Power Authority under long-term contracts.
“We’re pleased to expand our position as North America’s leading generator of solar power through the addition of our first Canadian solar projects,” said NextEra Energy Resources’ President and CEO Mitch Davidson. “Solar power will help promote a clean-energy economy in Ontario, reduce its dependence on fossil fuels, and address global climate change through the production of emission-free energy.”
“We’re pleased to forge this new customer relationship with NextEra Energy Resources, a company that shares our strong commitment to developing renewable energy in North America,” said Frank DeRosa, First Solar senior vice president of North American project development. “Together we look forward to bringing these projects online in 2011 and contributing to Canada’s clean energy needs.”
The Sombra and Moore Solar Energy Centers, located in Sombra and Moore Townships, Ontario, will each utilize thin film technology on a fixed tilt system. Each 10-MW project will consist of more than 172,000 panels.
The Sombra and Moore Solar Energy Centers will provide enough power to serve about 6,440 homes. Each year the solar projects are expected to help avoid nearly 45,000 tons of carbon dioxide, which is the equivalent of removing nearly 8,600 cars from the road every year for the life of the project.
Pending the necessary government approvals, construction on all four projects is expected to begin in the first quarter 2011 with commercial operation expected by the end of 2011.
Tuesday, December 7, 2010
Evergreen Solar announces recapitalization plan
MARLBORO, USA: Evergreen Solar Inc., a manufacturer of String Ribbon solar power products with its proprietary, low-cost silicon wafer technology, announced that its Board of Directors has approved a comprehensive recapitalization plan to align the company’s capital structure with its current business model and to better position Evergreen Solar for future growth.
The recapitalization plan, if fully executed, will:
* Substantially reduce the company’s outstanding indebtedness and annual interest expense;
* Exchange a substantial portion of the company’s existing convertible debt for new debt with longer maturities and lower conversion prices;
* Create a capital structure that should provide greater incentive to convertible debt holders to convert their notes into shares of the company’s common stock, which would further accomplish Evergreen Solar’s goal of substantially reducing outstanding debt; and
* Enhance the company’s flexibility to manage its business by eliminating certain restrictive covenants and the security interests contained in existing debt instruments.
The recapitalization plan is comprised of the following key elements:
* Exchange offers and a consent solicitation;
* Raising additional capital by seeking to sell up to $40,000,000 aggregate principal amount of Evergreen Solar’s new 4 percent Convertible Subordinated Additional Cash Notes due 2020.
* Implementing the 1-for-6 reverse stock split previously approved by Evergreen Solar’s stockholders at the company’s annual meeting on July 27, 2010, which will become effective prior to the closing of the exchange offers; and
* Increasing Evergreen Solar’s authorized shares of common stock from 120,000,000 to 240,000,000 shares (after giving effect to the reverse stock split), in order to ensure that the company has sufficient shares available for future issuances.
Evergreen Solar plans to hold a Special Meeting of stockholders in early 2011 to ask its stockholders to support the recapitalization plan.
The recapitalization plan, if fully executed, will:
* Substantially reduce the company’s outstanding indebtedness and annual interest expense;
* Exchange a substantial portion of the company’s existing convertible debt for new debt with longer maturities and lower conversion prices;
* Create a capital structure that should provide greater incentive to convertible debt holders to convert their notes into shares of the company’s common stock, which would further accomplish Evergreen Solar’s goal of substantially reducing outstanding debt; and
* Enhance the company’s flexibility to manage its business by eliminating certain restrictive covenants and the security interests contained in existing debt instruments.
The recapitalization plan is comprised of the following key elements:
* Exchange offers and a consent solicitation;
* Raising additional capital by seeking to sell up to $40,000,000 aggregate principal amount of Evergreen Solar’s new 4 percent Convertible Subordinated Additional Cash Notes due 2020.
* Implementing the 1-for-6 reverse stock split previously approved by Evergreen Solar’s stockholders at the company’s annual meeting on July 27, 2010, which will become effective prior to the closing of the exchange offers; and
* Increasing Evergreen Solar’s authorized shares of common stock from 120,000,000 to 240,000,000 shares (after giving effect to the reverse stock split), in order to ensure that the company has sufficient shares available for future issuances.
Evergreen Solar plans to hold a Special Meeting of stockholders in early 2011 to ask its stockholders to support the recapitalization plan.
Westinghouse Solar receives latest patent for integrated solar panels
CAMPBELL, USA: Westinghouse Solar, a manufacturer and distributor of solar power systems, announced that the US Patent and Trademark Office (USPTO) has granted the company another patent for its unique solar panel technology.
The new patent (U.S. 7,832,157), issued November 16, 2010, provides additional protection for the Westinghouse Solar panel's design, and expands the company's intellectual property portfolio in the solar panel mounting area. The benefits of these innovations are not only faster and easier installation, but also safer and more reliable performance.
Important features of this latest patent include side electrical connections that eliminate the need to wire solar panels manually, a splice device that connects solar panels together in a secure and rigid fashion, grooves along the side of the solar panel to allow connection to rafters at any point along each solar panel, and a grounding path provided through these splice devices that eliminates the need to ground solar panels manually.
The company's original patent covering a solar module with integrated racking, wiring and grounding was filed in 2004 and granted in 2008. In addition to patents already granted, the company has more than 25 patents in various stages of evaluation at the USPTO and foreign patent offices.
"This latest patent award further strengthens our intellectual property portfolio related to solar panel mounting and wiring systems, and gives us a significant competitive advantage in our continuing efforts to make solar power more mainstream," said Barry Cinnamon, CEO of Westinghouse Solar. "As solar cell and inverter costs continue to decline, installation costs become a greater percentage of total system cost – and we believe our integrated solution reduces these installation costs significantly."
"Westinghouse Solar will continue to develop and commercialize this technology, and will continue to work with distribution and licensing partners to help make these installation benefits more accessible to residential and commercial customers everywhere," Cinnamon said.
"The engineering team at Westinghouse Solar pioneered the concept of integrating the racking, wiring and grounding into the frame of the solar panel itself, and will aggressively protect our patented technology."
The new patent (U.S. 7,832,157), issued November 16, 2010, provides additional protection for the Westinghouse Solar panel's design, and expands the company's intellectual property portfolio in the solar panel mounting area. The benefits of these innovations are not only faster and easier installation, but also safer and more reliable performance.
Important features of this latest patent include side electrical connections that eliminate the need to wire solar panels manually, a splice device that connects solar panels together in a secure and rigid fashion, grooves along the side of the solar panel to allow connection to rafters at any point along each solar panel, and a grounding path provided through these splice devices that eliminates the need to ground solar panels manually.
The company's original patent covering a solar module with integrated racking, wiring and grounding was filed in 2004 and granted in 2008. In addition to patents already granted, the company has more than 25 patents in various stages of evaluation at the USPTO and foreign patent offices.
"This latest patent award further strengthens our intellectual property portfolio related to solar panel mounting and wiring systems, and gives us a significant competitive advantage in our continuing efforts to make solar power more mainstream," said Barry Cinnamon, CEO of Westinghouse Solar. "As solar cell and inverter costs continue to decline, installation costs become a greater percentage of total system cost – and we believe our integrated solution reduces these installation costs significantly."
"Westinghouse Solar will continue to develop and commercialize this technology, and will continue to work with distribution and licensing partners to help make these installation benefits more accessible to residential and commercial customers everywhere," Cinnamon said.
"The engineering team at Westinghouse Solar pioneered the concept of integrating the racking, wiring and grounding into the frame of the solar panel itself, and will aggressively protect our patented technology."
Advanced Energy showcases Ontario-made PV inverters and service offerings
Solar Canada 2010, TORONTO, CANADA: Advanced Energy Industries Inc. will highlight its complete line of market-leading PV inverter solutions and operations and maintenance (O&M) services at Solar Canada 2010, CanSIA’s annual conference and exhibition. Advanced Energy’s Ontario-made Solaron 500 kW grid-tied inverter will be on display at the show, scheduled for December 6-7 in Toronto.
Advanced Energy announced its strategic expansion into Ontario, Canada in October with the establishment of a branch office in the region, and localized manufacturing capabilities.
The company formed a strategic relationship with Celestica, an Ontario-based leader in the delivery of end-to-end product lifecycle solutions to manufacture Solaron and PV Powered inverter products in Ontario. This agreement makes AE inverters compliant with the Ontario government’s Feed-in-Tariff (FiT) program, and expands the company’s global production capacity to meet growing demand for its utility-scale, commercial, and residential inverters.
Broadest line of market-leading PV inverter products: Advanced Energy offers a complete line of PV inverters that span utility-scale installations to smaller residential projects. Solaron and PV Powered inverters are raising the bar on solar power performance by delivering industry-leading efficiency, enabling a lower levelized cost of energy (LCOE), and providing a complete portfolio of lifecycle services.
Solaron PowerStation and PV Powered PowerVault: The latest additions to the industry-leading product line include PowerStation and PowerVault integrated solutions available in 620 kW to 2 MW configurations. These power conversion systems are customizable in open-skid and enclosed-container configurations and include inverters, switch-gear, and a medium-voltage transformer. The integrated designs eliminate the need for separate pads, trenching, and conduits between components, significantly reducing the need for field labor and accelerating the construction schedule.
SiteGuard Program: The SiteGuard whole-site O&M program covers all of the maintenance needs of the PV array. It simplifies O&M by consolidating the activities in AE’s existing Global Services organization that has supported multi-billion dollar, manufacturing facilities in the semiconductor and other industries that operate 24x7.
Asset owners, integrators, and EPCs have awarded AE service contracts at dozens of sites, demonstrating the confidence the market has in Advanced Energy’s Global Services and site quality benchmarking.
O&M Services Workshop: Advanced Energy will participate in the technical conference on Wednesday, December 8, 2010 at 10:00 am. Matt Denninger, Director of Services Marketing, will present “Using Whole-Site O&M Services to Improve Site Performance,” to discuss the benefits of sharing lessons learned from the field and the need for O&M planning in the design phase.
Advanced Energy announced its strategic expansion into Ontario, Canada in October with the establishment of a branch office in the region, and localized manufacturing capabilities.
The company formed a strategic relationship with Celestica, an Ontario-based leader in the delivery of end-to-end product lifecycle solutions to manufacture Solaron and PV Powered inverter products in Ontario. This agreement makes AE inverters compliant with the Ontario government’s Feed-in-Tariff (FiT) program, and expands the company’s global production capacity to meet growing demand for its utility-scale, commercial, and residential inverters.
Broadest line of market-leading PV inverter products: Advanced Energy offers a complete line of PV inverters that span utility-scale installations to smaller residential projects. Solaron and PV Powered inverters are raising the bar on solar power performance by delivering industry-leading efficiency, enabling a lower levelized cost of energy (LCOE), and providing a complete portfolio of lifecycle services.
Solaron PowerStation and PV Powered PowerVault: The latest additions to the industry-leading product line include PowerStation and PowerVault integrated solutions available in 620 kW to 2 MW configurations. These power conversion systems are customizable in open-skid and enclosed-container configurations and include inverters, switch-gear, and a medium-voltage transformer. The integrated designs eliminate the need for separate pads, trenching, and conduits between components, significantly reducing the need for field labor and accelerating the construction schedule.
SiteGuard Program: The SiteGuard whole-site O&M program covers all of the maintenance needs of the PV array. It simplifies O&M by consolidating the activities in AE’s existing Global Services organization that has supported multi-billion dollar, manufacturing facilities in the semiconductor and other industries that operate 24x7.
Asset owners, integrators, and EPCs have awarded AE service contracts at dozens of sites, demonstrating the confidence the market has in Advanced Energy’s Global Services and site quality benchmarking.
O&M Services Workshop: Advanced Energy will participate in the technical conference on Wednesday, December 8, 2010 at 10:00 am. Matt Denninger, Director of Services Marketing, will present “Using Whole-Site O&M Services to Improve Site Performance,” to discuss the benefits of sharing lessons learned from the field and the need for O&M planning in the design phase.
Monday, December 6, 2010
Suntech announces full year 2010 and 2011 guidance and JV to expand PV cell capacity
NEW YORK, USA: Suntech Power Holdings Co. Ltd, the world's largest producer of solar panels, has announced updated financial guidance for fiscal year 2010, financial expectations for fiscal year 2011 and a joint venture to expand 1.2GW PV cell capacity.
Suntech management will discuss the announcements during its 2010 Investor and Analyst Day today in New York starting at 10:00 a.m. Eastern Time. A webcast of the speakers' remarks and audience questions will be available at http://ir.suntech-power.com, along with downloadable presentation decks.
Guidance
For the fiscal year ending December 31, 2010, Suntech expects to ship more than 1,500MW of solar products and generate revenues of $2.78 billion to $2.83 billion, representing year-over-year revenue growth of at least 64 percent. Consolidated gross margin for the full year 2010 is expected to be approximately 17 percent. Operating margin for the full year 2010 is expected to be approximately 6.5 percent.
Suntech expects to achieve 1.8GW of installed cell and module production capacity and 500MW of installed wafer capacity by the end of 2010. Full year 2010 capital expenditures are expected to be approximately $350 million.
For the fiscal year ending December 31, 2011, Suntech expects to ship at least 2.2GW of solar products and generate revenues of $3.4 billion to $3.6 billion. Consolidated gross margin for the full year 2011 is expected to be approximately 20 percent to 22 percent. Operating margin for the full year 2011 is expected to be in the range of 12 percent to 14 percent.
Full year 2011 earnings per ADS is expected to be in the range of $1.40 to $1.60, excluding any earnings related to the increase in fair value of Global Solar Fund's (GSF) investments in projects.
Suntech expects to achieve 2.4GW of installed cell and module production capacity by the end of 2011, of which 600MW of PV cell capacity will be owned and operated by the joint venture. Suntech expects to achieve 1.2GW of installed wafer capacity by the end of 2011. Full year 2011 capital expenditures are expected to be in the range of $250 million to $270 million.
GSF is in the process of constructing 140MW of projects, of which at least 80MW are expected to be completed in the fourth quarter of 2010 and the remainder will be completed in 2011.
As a result, Suntech expects that the fair value of those projects will increase significantly and Suntech will recognize a related gain in earnings of affiliates in the fourth quarter of 2010 and in 2011. As the economics and timing of completion of each of these projects is different it is difficult to provide an accurate estimation of the gains at this time.
The 2010 and 2011 guidance is based on an assumed exchange rate of $1.33 to the Euro.
Joint venture
Suntech also announced that it will form a joint venture (JV) with Wuxi Industrial Development Group and Wuxi New District E&D Group to own and operate a 1.2GW PV cell production facility located at the heart of Suntech's Wuxi campus.
Suntech will own 40 percent of the JV and will contribute approximately $60 million towards the equity investment in the JV. 600MW of the PV cell capacity is expected to be completed by mid-2011. The remaining 600MW will be ramped in 2011 or 2012 depending on the demand outlook.
Suntech chairman and CEO, Dr. Zhengrong Shi, stated: "This joint venture will provide access to cost-effective PV cell capacity utilizing Suntech's high performance technology and reliable manufacturing processes, with reasonable cash outlay. It will also enable us to meet the growing demand for Suntech's premium quality solar products."
Suntech management will discuss the announcements during its 2010 Investor and Analyst Day today in New York starting at 10:00 a.m. Eastern Time. A webcast of the speakers' remarks and audience questions will be available at http://ir.suntech-power.com, along with downloadable presentation decks.
Guidance
For the fiscal year ending December 31, 2010, Suntech expects to ship more than 1,500MW of solar products and generate revenues of $2.78 billion to $2.83 billion, representing year-over-year revenue growth of at least 64 percent. Consolidated gross margin for the full year 2010 is expected to be approximately 17 percent. Operating margin for the full year 2010 is expected to be approximately 6.5 percent.
Suntech expects to achieve 1.8GW of installed cell and module production capacity and 500MW of installed wafer capacity by the end of 2010. Full year 2010 capital expenditures are expected to be approximately $350 million.
For the fiscal year ending December 31, 2011, Suntech expects to ship at least 2.2GW of solar products and generate revenues of $3.4 billion to $3.6 billion. Consolidated gross margin for the full year 2011 is expected to be approximately 20 percent to 22 percent. Operating margin for the full year 2011 is expected to be in the range of 12 percent to 14 percent.
Full year 2011 earnings per ADS is expected to be in the range of $1.40 to $1.60, excluding any earnings related to the increase in fair value of Global Solar Fund's (GSF) investments in projects.
Suntech expects to achieve 2.4GW of installed cell and module production capacity by the end of 2011, of which 600MW of PV cell capacity will be owned and operated by the joint venture. Suntech expects to achieve 1.2GW of installed wafer capacity by the end of 2011. Full year 2011 capital expenditures are expected to be in the range of $250 million to $270 million.
GSF is in the process of constructing 140MW of projects, of which at least 80MW are expected to be completed in the fourth quarter of 2010 and the remainder will be completed in 2011.
As a result, Suntech expects that the fair value of those projects will increase significantly and Suntech will recognize a related gain in earnings of affiliates in the fourth quarter of 2010 and in 2011. As the economics and timing of completion of each of these projects is different it is difficult to provide an accurate estimation of the gains at this time.
The 2010 and 2011 guidance is based on an assumed exchange rate of $1.33 to the Euro.
Joint venture
Suntech also announced that it will form a joint venture (JV) with Wuxi Industrial Development Group and Wuxi New District E&D Group to own and operate a 1.2GW PV cell production facility located at the heart of Suntech's Wuxi campus.
Suntech will own 40 percent of the JV and will contribute approximately $60 million towards the equity investment in the JV. 600MW of the PV cell capacity is expected to be completed by mid-2011. The remaining 600MW will be ramped in 2011 or 2012 depending on the demand outlook.
Suntech chairman and CEO, Dr. Zhengrong Shi, stated: "This joint venture will provide access to cost-effective PV cell capacity utilizing Suntech's high performance technology and reliable manufacturing processes, with reasonable cash outlay. It will also enable us to meet the growing demand for Suntech's premium quality solar products."
Subscribe to:
Posts (Atom)
