LG will set up a joint venture with the German Conergy production of solar cells

LG Electronics said it has with the German solar system manufacturers Conergy signed a preliminary agreement to set up joint ventures in the manufacture of solar cells.

If the transaction amount of nearly 200 million U.S. dollars of the successful completion of the acquisition, LG Electronics will officially enter the solar cell industry, which is LG since 1995 after the first overseas acquisition.

LG and Samsung have been acquired to avoid the field, and the tendency to self-growth. LG on overseas acquisitions are back in 1995 acquired the U.S. Electronics manufacturer Zenith.

Reports said, LG has business relations between the tasks assigned specific roles to tap the solar energy industry. '

Conergy ongoing restructuring, the creation of cash to cover its speed can not catch up with a positive growth plan, which is now to reduce non-core operations to focus on solar PV business. The company said that on September 9 has been the cause of the sale of wind turbine generators to the U.S. private direct investment fund Warburg Pincus.

Source: 国际新能源网 Sep. 18, 2008

GT Solar in fiscal revenue reached 600 million U.S. dollars

GT Solar recently said in the earnings per share rose 12-15 cents a favorable condition, the second quarter of fiscal revenue is expected to reach 120-130 million U.S. dollars.

08 GT Solar earnings per share rose 70-75 cents a share, revenue is expected to 600-650 million U.S. dollars.

It is learnt that, GT Solar said solar energy production equipment in the first quarter of the Hot, to a high fiscal revenue.

Source:硅业在线 Aug. 28, 2008

ALTERGIE company in Syria first solar power station construction

ALTERGIE a German company which is engaged in renewable energy technologies, the company recently with the Syrian Ministry of the formal signing of the contract, construction will be in Syria in the country's first solar power station, the project will cost a total of 50 million euros.

The power station run early in the pilot phase of the power of 10 megawatts, is expected in the future will increase to 1,000 megawatts of electricity. Power Plant located near the city of Homs HESSIA industry, covers an area of 3 million square meters, the main power generation can meet the industrial city of demand for electricity. Construction will soon begin early, the whole power station is expected to be completed first half of next year.

Source: 中国驻叙利亚经商参处子站 Aug. 25, 2008

LDK Solar to Applied Materials issued 220 million U.S. dollars of orders

LDK Solar to Applied Materials has issued 220 million U.S. dollars of orders, orders to precision wafer processing system, to expand production into the next step.

The equipment will be early 2009 plans to LDK Solar Xinyu the factory, which will significantly higher than the LDK Solar previously announced in the 2010 expansion of solar wafer production capacity to 3.2 GW goal.

Source: SEMI Aug. 22, 2008

SunEdison joint subsidiary of Q-Cell enter the field of photovoltaic

North America's largest solar energy service providers SunEdison15 announced today that the company has with Q-Cells International USA (Q-Cells AG, a subsidiary) has signed a five-year, a total of 800 MW of development cooperation agreement.

According to the agreement, Q-Cells will provide a total of 800 MW of solar modules, both companies will jointly develop the North American PV market.

SunEdison Chief Operating Officer Carlos Domenech said, "This agreement for SunEdison is of far-reaching significance. As the world's leading solar energy service providers, we are pleased to Q-Cells of advanced technology into the market."

Source: SEMI Aug. 19, 2008