Key Developments For Suntech Power Holdings Co, Ltd
Suntech Power Headlines in Reuters.com:
Suntech Power Holdings Co., Ltd. Signs 17 MW Deal With Ontario Installer-ReutersTuesday, 1 Dec 2009 06:08pm EST
Reuters reported that Suntech Power Holdings Co., Ltd. has landed a 17 megawatt supply deal for 2010 with Canada's Pure energies, the Company said. Under the deal, Toronto-based Pure energies, which installs, leases and operates solar power systems, will market and use Suntech's panels for residential solar systems in Ontario. Financial terms of the deal were not disclosed. The companies said in a statement their memorandum of understanding continues through 2011.
Suntech Power Holdings Co., Ltd. Tie Up In 115 MW Sales Deal-ReutersTuesday, 3 Nov 2009 07:51pm EST
Reuters reported that Suntech Power Holdings Co., Ltd. will sell 115 megawatts worth of solar panels in 2010 to EDF Energies Nouvelles. The panels will head to enXco's projects in the United States and Canada for rooftop and utility-scale projects, enXco in a statement.
Suntech Power Holdings Co., Ltd. Collaborates With AEDB To Deliver Solar To PakistanThursday, 15 Oct 2009 06:30am EDT
Suntech Power Holdings Co., Ltd. announced that it has entered into a memorandum of understanding (MOU) with Pakistan's Alternative Energy Development Board (AEDB) to work towards the widespread use of solar energy technologies to meet the energy shortage in Pakistan. The objective of the MOU is to facilitate cooperation between Suntech and the public sector and private companies in Pakistan to help implement solar programs including the AEDB's Rural Electrification Program; the development of Solar Power Pumping Systems with the AEDB and the World Bank; and Solar Power Telecom Projects in collaboration with Pakistani telecom companies. The MOU sets forth the agreement in principle of the parties concerning the project and related activities. Final agreement between the parties is subject to the negotiation and execution of definitive agreements among the parties.
Suntech Power Holdings Co., Ltd. Launches 60 Cell Module For Residential and Commercial Rooftop SystemsMonday, 21 Sep 2009 02:00am EDT
Suntech Power Holdings Co., Ltd. announced the introduction of a 60 cell multi crystalline PV module to be marketed under the product name Wd. The new Wd module series features positive peak power tolerance of 0/+5 watts, which will assure that all Wd modules will produce at, or outperform, the nominal power rating.
Full ArticleLabels: Solar News, solar panels, Solar Projects, Solar Stocks, STP, Suntech Power
Egypt eyes solar power exports, costs too high now
CAIRO (Reuters) - Egypt, which plans to start its first solar power unit in 2010, said on Tuesday it wanted to expand solar power production for export but that costs of the technology would need to fall first to make it feasible.
The North African country, a gas and oil producer, aims to generate 20 percent of its energy from renewable sources by 2020. It already has installed wind capacity of 430 megawatts and is adding 120 megawatts by mid 2010.
Wind farms are expected to meet 12 percent of Egypt's power needs by 2020 but solar power projects have lagged.
"Solar energy is four times as expensive as energy generated from combined cycles so when this figure starts going down to three or two times as much, this is when we will see developing countries go heavily into the business," Electricity and Energy Minister Hassan Younes told Reuters.
Source: Reuters
Labels: Solar News, Solar power, Solar Projects
Suntech vs. Sanyo - The Solar Panel Battle For Japan
Interesting article below, if you want more info on Sanyo you can check the ADR trading in the states,
SANYO Electric Co., Ltd. (ADR) on Google Finance.
On energymatters.com.au:
Suntech and Sanyo, two leading manufacturers of solar panels, have been beating the corporate drums recently over their plans to increase market share in Japan.
Sanyo last week announced a goal of becoming the top manufacturer in the expanding Japanese solar panel market by 2013 by winning a 40% slice (in megawatts).
Aside from its Japanese roots and reputation for quality, Sanyo is pinning its hopes on its HIT solar panel technology to give it an edge in the local market. The Heterojunction with Intrinsic Thin-layer (HIT) solar cell is a hybrid model that combines a crystalline silicon substrate and an amorphous silicon thin film. According to the company, it offers the world’s highest power generation level per installation area due to superior energy conversion efficiency and temperature characteristics.
On the same day as Sanyo's announcement, Suntech Power Japan Corp, a unit of Suntech Power Holdings Co., announced it will begin selling solar power generation systems for new homes early next year.
Full ArticleLabels: Sanyo, Solar News, Solar Stocks, STP, Suntech Power
Sanyo develops solar cell that’s thinner than hair
Sanyo is in the news today, and again it’s about the company’s green tech power. The company today announced [JP] it will do everything to become Japan’s top player in the domestic solar industry by 2012 and eventually one of the top three solar companies on a global level. At the same time, the Nikkei reports [registration required, paid subscription] that Sanyo has succeeded in developing a solar cell that’s thinner than a human hair.
The company says it will benefit greatly from a new feed-in tariff program by the Japanese government introduced this month for green energy firms. Another factor for Sanyo’s self-confidence should be the speed with which it innovates. Their new prototype solar cell is just 58 micrometers thick, about one-fourth of most solar cells currently out there. (
Source:
Techcrunch: CrunchGearLabels: Sanyo, Solar News, solar panels, Solar Technology
Broadpoint.AmTech Maintains a 'Buy' on First Solar (FSLR)
Broadpoint analyst says, "Following updated cost reduction guidance from poly-based module producers last week, we are reducing our FSLR 2010 estimates to better reflect a more competitive landscape in 2H10 (namely TSL projecting $0.70/w processing cost). We still view FSLR as the best positioned solar company industry-wide, and see visibility into a return to capacity expansion/earnings growth in 2011 as a key catalyst for the stock...We are revising FY10 revenue and EPS from $2.6B and $8.86 to $2.4B/$7.11 and introducing FY11 revenue and EPS of $3.1B and $8.96. While we are essentially pushing out our earnings number one year, we remain constructive on FSLR shares given the company's superior margin structure, return on capital metrics, and our belief investors will return to shares as the capacity ramp in 2H11 becomes more visible...While we are disappointed by FSLR's underperformance YTD, we see the set-up as improving into 1H10 following a significant margin reset, coupled with capacity expansions in the out-year. While FSLR will prove to be a massive share gainer in 2009, the stock has underperformed given the outlook for industry lagging earnings growth in 2010. We believe the stock will likely begin to act better in 1H10 as FSLR is set to grow in-line or better than the group in 2011."
Source: Streetinsider.com
Labels: First Solar Inc, FSLR, solar analysis, Solar Stocks
Pre-market is up for solar stocks
Jobless data is up ahead and Solar Stocks are up in the Pre-Market about an average of 1%.
And a quick look at the Solar Stock Sector ETF TAN:
Claymore/MAC Global Solar Index 
Some Suntech Power Holdings (STP) News:
Suntech's solar products in short supply
Suntech Power Holdings' (STP.NYSE) solar products are in short supply due to their premium quality, said Shi Zhengrong, company chairman and CEO.
Shi Zhengrong said that the company had about a 30 percent photovoltaic (PV) module overcapacity in the first half of this year, but that the situation has been changed since July, and production capacity cannot meet the market's demand.
According to Shi, there is no overcapacity in China's solar energy industry, but the market requires high-end and high quality products, and that Suntech has already sold all of this year's products.
Suntech had produced solar PV cells with conversion efficiencies of approximately 19 percent on mono-crystalline PV cells and 17 percent on multi-crystalline PV cells, which set the new benchmark for the highest performance multi-crystalline module, said Shi.
He also stated that solar energy will account for about 30 percent of the world's energy by 2050, and by the end of the century, the figure have risen to 70 percent. Therefore, the company remains committed to developing solar energy.
Source: TradingMarkets.com
Labels: solar ETF, Solar News, Solar Stocks, STP, Suntech Power
First Solar sizes up project sales, Solarion beams plastic CIGS, MiaSolé decloak
Solar Short Takes on pv--tech.org:
This edition of Solar Short Takes does a bit of number crunching of the recent project sell-off news from First Solar, checks progress by Solarion on the CIGS-on-plastic front, notes MiaSole’s recent re-emergence from the PR closet, finds Trina saying yes to MES, questions Applied Materials’ buy of Advent Solar, and offers the aloha lowdown on next year’s tropically inclined IEEE PVSC event.
The sale of the 21MW (AC) Blythe PV power plant to NRG marks the second move by First Solar to cash in on some of its hundreds of millions of potential dollars in project assets, following the announcement in early October to sell off the 20MW Sarnia, Ontario, site to Enbridge.
Both projects, when completed by the end of 2009 (yup, that's right--First's Alan Bernheimer confirmed they'll be done next month), will be among the largest active PV systems--and certainly thelargest thin-film arrays--in North America. Florida Power & Light’s recently activated crystalline-silicon-powered 25MW DeSoto Next Generation Solar Energy Center--which made me smile even before I had my morning coffee when I saw President Obama speaking at the center on CNN last month, with its thousands of solar panels lined up behind him--is the biggest in the States, at least for now.
Two more projects in First Solar’s pipeline will come online by the end of 2010 that will dwarf the Florida installation—the 30MW (AC) ground-mounted system being built for electric power supplier Tri-State in New Mexico and the 48MW (AC) added to the existing 10MW at the Sempra Boulder City/Copper Mountain site in Nevada. Although double-digit megawatt-scale PV systems remain rare, especially in North America, in a few years they will become more commonplace and triple-digit beasts will start to colonize the earth.
Since a Short Takes blog would not be complete without mention of the copper-indium-gallium-(di)selenide TFPV community, congrats to German CIGS-on-plastic company Solarion for successfully (and internally) testing its flex cells under the rigors of the IEC 61646 damp-heat test regimen--a thousand hours at 85% relative humidity and 85°C. Solarion’s main polymeric competitor, Ascent Solar, made a similar announcement in August. These results as well as recent updates from Global Solar and several materials companies suggest serious progress is being made on the main bugaboo of flexible CIGS—a manufacturable, relatively inexpensive yet durable moisture encapsulation layer.
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SourceLabels: CIGS, First Solar Inc, FSLR, miasole, Solar News, Solar Projects
India unveils plans for massive solar power boost
India has approved plans for a huge increase in the amount of electricity it generates from solar power.
It aims to boost solar output 1,000-fold over 12 years from its current negligible level. Its 20 gigawatt target would power several big cities.
The government wants to reduce India's dependence on coal and boost the export industry for solar power equipment.
Critics say solar power will supplement - and not replace - fossil fuels even under India's most ambitious plans.
Concerns over land
"The cabinet gave its approval for launching of the Jawaharlal Nehru national solar mission, Solar India," Information Minister Ambika Soni said in Delhi.
The $19bn (£12bn) three-phased plan aims to boost solar power output across the country from close to zero to 20 gigawatts by 2022.
It is hugely ambitious and has been welcomed by the country's renewable energy suppliers, although some say it is unclear where the money will come from, says the BBC's technology correspondent Mark Gregory.
Source:
BBC.co.ukLabels: Solar Energy, Solar News, Solar power, Solar Projects
Soleil Upgrades Suntech Power Holdings (STP) to Hold
Soleil upgrades Suntech Power Holdings (NYSE: STP) from Sell to Hold, price target increased to $13.50
Soleil analyst says, "Q3 results - 16 cents on revenues of $473mm - were above consensus expectations (8 cents on revenues of $430mm). Strength was driven by strong growth in shipments - up 67% q/q. However, EPS was boosted by foreign exchange gain (6 cent benefit) and zero tax rate (3 cent benefit). We are raising our 2010 estimate from 13 cents per share to 45 cents per share due to higher shipment estimate (1050 MW vs. prior estimate of 900 MW)."
Labels: solar analysis, Solar Stocks, STP, Suntech Power
