Showing posts with label solar industry news. Show all posts
Showing posts with label solar industry news. Show all posts

Wednesday, November 21, 2007

Mass Production Solar Cells Reaches Average Efficiency Rates of 17.5%, with Selective Emitter Cells

NANJING, China, Nov. 19 /Xinhua-PRNewswire/ -- China Sunergy Co., Ltd. ("China Sunergy") (Nasdaq: CSUN), a specialized solar cell manufacturer based in Nanjing, China, announced today that it has started mass production of its selective emitter cells after successfully commissioning recently arrived production equipment.

Commercially produced selective emitter cells yielded an average efficiency rate of 17.5% during the first few days of mass production.

Prior to starting mass production, China Sunergy achieved 18.2% conversion efficiency on some of its pilot runs in early November.

Commenting on the announcement, Dr. Jianhua Zhao, CTO of China Sunergy, said: "I am delighted that we have managed to develop and commercialize these high-efficiency cells in less than a year, and am confident that as we refocus our R&D resources we will be able to achieve similar success with other high- efficiency cell products. As we continue to optimize our selective emitter cell equipment and technology, I also believe that we should be able to achieve average efficiency rates of 18% on future commercial batches of these cells."

Commenting further, Dr. Allen Wang, CEO of China Sunergy said: "I have always believed in the technological advantage China Sunergy holds and this is strong evidence that our R&D efforts are starting to pay off. We will continue to drive further efficiency from these cells going into 2008 and will be adding an additional four production lines during the second-half of the year, as we look at ways to expand our margins going forward."


China Sunergy signs Canadian supply deal, ramps output

China Sunergy signs Canadian supply deal, ramps output

NANJING, China, Nov. 19 /Xinhua-PRNewswire/ -- China Sunergy Co., Ltd. ("China Sunergy") (Nasdaq: CSUN), a specialized solar cell manufacturer based in Nanjing, China, announced today that it had entered into various sales agreements (the "Agreements") with Canadian Solar Inc. ("Canadian Solar").

The Agreements with Canadian Solar are for a total volume of 25MW of solar cells for 2008. Under the Agreements, China Sunergy will supply approximately 12MW and 13MW of solar cells to Canadian Solar in the first and second half of the year respectively. The Agreements will be denominated in both Chinese yuan and US dollars, with approximately 24% of the volume being based on fixed pricing terms and the remainder being determined on a quarterly basis.

Commenting on the Agreements, Allen Wang, CEO of China Sunergy said: "Following on from this and the recent agreement with aleo solar of Germany, I am very pleased with our ability to expand sales both domestically and abroad. This latest Agreement signifies a substantial development in our relationship with Canadian Solar, one of the leading China-based module manufacturing companies, and is a positive example of how we are developing our high quality global customer base while further enhancing our brand recognition within the industry."

Commenting further, Dr. Shawn Qu, CEO of Canadian Solar, added: "We are pleased to have added China Sunergy to our list of partners, and continue to demonstrate the ability of CSI to establish win-win relationships with companies across the solar value chain. This announcement provides further visibility to the supply contracts we had in place in order to support our 2008 business plan. We look forward to working closely with China Sunergy as a part of our long-term supply chain strategy, which includes continued direct purchasing from a selected number of long-term strategic cell suppliers in addition to our internal solar cell production."