July 13, to Munich Re and Siemens AG, led by 12 large companies in Munich, Germany signed a cooperation letter of intent to set up "Desertec Industrial Initiative" (DII), to invest some 400 billion euros, the Sahara Desert in Africa to build solar power plant , this will be the world's largest solar energy project.
12 plans will be set up before October this year, DII, and the feasibility of the 3 year plan by 2050 to meet the energy requirements of Europe 15%.
Sahara Desert is the world's most abundant sunlight areas. Siemens said that if there into a 300 by 300 km area of the "parabolic mirror zone" may meet the energy needs of the entire planet. Therefore, the past few years, European scientists have been active on this project.
Obvious benefits of this project is the development of clean energy, but the cost is very high. Therefore, it is signed or the technology leader in the financial strength of large companies, in addition to the above-mentioned two companies, the contract also includes Deutsche Bank, Germany, "Hamburg, Schleswig-Holstein North Bank", Germany's two major energy companies, "intended to Ang" and "Rhine", ABB Switzerland, as well as a number of solar energy specialist.
Jul. 14,2009
Wells Fargo Bank and co-operation SunPower solar projects
Recently, Wells Fargo Bank and the German SunPower Corporation announced that it would build a commercial solar energy projects, total investment is expected to reach 100 million U.S. dollars.
It is reported that the project's power system from SunPower Corporation throughout the design, construction, operation and maintenance, is responsible for Wells Fargo to raise project funding. In addition, SunPower will be eligible customers with the signing of power purchase agreements, these customers can be a long-term low-cost companies from buying electricity from SunPower.
The first phase of the project, including an installed capacity of 1.1 megawatts, respectively, and two 1-megawatt solar power system, which is scheduled for completion by the end of this year. They will install the SunPower Introduces T20 rotary tracking system can be fixed-tilt ground systems than collecting 30 percent more energy.
SunPower has installed more than 500 contracts have been signed or the large-scale public and commercial solar power system, with a total installed capacity of more than 400 megawatts.
Wells Fargo Bank since 2006 a total of renewable energy projects to provide more than 1.75 billion U.S. dollars in loans. This includes 27 wind energy projects, more than 150 commercial solar energy projects and a multi-function solar heating project.
Jul. 10,2009
It is reported that the project's power system from SunPower Corporation throughout the design, construction, operation and maintenance, is responsible for Wells Fargo to raise project funding. In addition, SunPower will be eligible customers with the signing of power purchase agreements, these customers can be a long-term low-cost companies from buying electricity from SunPower.
The first phase of the project, including an installed capacity of 1.1 megawatts, respectively, and two 1-megawatt solar power system, which is scheduled for completion by the end of this year. They will install the SunPower Introduces T20 rotary tracking system can be fixed-tilt ground systems than collecting 30 percent more energy.
SunPower has installed more than 500 contracts have been signed or the large-scale public and commercial solar power system, with a total installed capacity of more than 400 megawatts.
Wells Fargo Bank since 2006 a total of renewable energy projects to provide more than 1.75 billion U.S. dollars in loans. This includes 27 wind energy projects, more than 150 commercial solar energy projects and a multi-function solar heating project.
Jul. 10,2009
China encourages foreign investment in China's new energy
July 5, the Chinese National Development and Reform Commission Zhang Xiaoqiang, deputy director of yesterday (July 4) at the "summit of global think tank" at the forum said that from now on four aspects of the Chinese government will promote foreign direct investment (FDI) the stability of development, including encouragement of foreign investment to invest in new energy.
Zhang Xiaoqiang said that the Chinese government will be combined with dozens of domestic industrial restructuring and revitalization of the planning, improve the foreign investment in the industry-oriented policies to encourage foreign businessmen to invest in new energy industries, advanced manufacturing, high-tech industries, infrastructure construction, energy conservation and environmental protection and modern services industries, and encourage the establishment of a number of multinational corporations in China headquarters, R & D centers, procurement centers, financial management center, clearing house functions of institutions.
However, not all Chinese FDI does not have to resist, said Zhang Xiaoqiang, the Chinese government will stick to improve the quality of using foreign capital to continue to strictly control the two high and one foreign-funded investment projects, "and we do not agree to such items from China's coastal areas to the transfer of the Mainland China. "
The promotion of FDI in the third, the will come from the Chinese government decentralization. Zhang Xiaoqiang said that the Chinese government is considering a significant decentralization of the local foreign investment project approval authority, at the same time, foreign investors will also guide domestic enterprises to participate in the transformation of the system to encourage and guide foreign venture capital institutions and venture capital institutions in China to increase such cooperation.
Jul. 6, 2009
Zhang Xiaoqiang said that the Chinese government will be combined with dozens of domestic industrial restructuring and revitalization of the planning, improve the foreign investment in the industry-oriented policies to encourage foreign businessmen to invest in new energy industries, advanced manufacturing, high-tech industries, infrastructure construction, energy conservation and environmental protection and modern services industries, and encourage the establishment of a number of multinational corporations in China headquarters, R & D centers, procurement centers, financial management center, clearing house functions of institutions.
However, not all Chinese FDI does not have to resist, said Zhang Xiaoqiang, the Chinese government will stick to improve the quality of using foreign capital to continue to strictly control the two high and one foreign-funded investment projects, "and we do not agree to such items from China's coastal areas to the transfer of the Mainland China. "
The promotion of FDI in the third, the will come from the Chinese government decentralization. Zhang Xiaoqiang said that the Chinese government is considering a significant decentralization of the local foreign investment project approval authority, at the same time, foreign investors will also guide domestic enterprises to participate in the transformation of the system to encourage and guide foreign venture capital institutions and venture capital institutions in China to increase such cooperation.
Jul. 6, 2009
The global solar energy industry in the second quarter was 330 million USD VC
Research institutions on GreenTech6 report released on the 30th showed that the second quarter of 2009 venture capital in the global investment in solar energy to 17 the number of investment of 330 million U.S. dollars. The report also shows that the second quarter of the global venture capital investment in green technology amounted to 1.2 billion U.S. dollars, up 43 percent than the Central, the first quarter of this figure was only 836 million U.S. dollars. In addition, venture capital for the second quarter of the global automotive and transportation industry for eight investment transactions, investment of 205 million U.S. dollars; bio-fuels, clean coal gasification and the investment amount and the amount of 12 and 195 million U.S. dollars; investment in battery for the 10 and 181 million U.S. dollars.
Since the second quarter, the global solar energy industry business was significantly improved, in addition to the above-mentioned venture capital has been favored, the problem of financing of solar energy companies have also gradually eliminate the problem. The latest news is that June 25, Standard Chartered Bank (China) Co., Ltd. announced that for Trina Solar Co., Ltd. China 57 million U.S. dollars to provide credit lines for trade finance and foreign exchange hedge products. The Trina Solar will credit the purchase of raw materials and product sales to provide financial support to help them hedge market volatility due to foreign exchange risk arising. June 30, China's Suntech Power announced that it has a member of IFC and the World Bank Group, signed a 50 million U.S. dollars of convertible bonds agreement. The loan to support the high conversion rate Tak technology - Pluto technology, production expansion plans and re-financing needs.
In addition to solar energy enterprises in China outside of the recent financing, SPG Holdings LLC today announced the adoption of global environmental protection funds (Global Environment Fund) and the completion of Robeco a 13 million U.S. dollars in equity financing.
Jul. 2, 2009
Since the second quarter, the global solar energy industry business was significantly improved, in addition to the above-mentioned venture capital has been favored, the problem of financing of solar energy companies have also gradually eliminate the problem. The latest news is that June 25, Standard Chartered Bank (China) Co., Ltd. announced that for Trina Solar Co., Ltd. China 57 million U.S. dollars to provide credit lines for trade finance and foreign exchange hedge products. The Trina Solar will credit the purchase of raw materials and product sales to provide financial support to help them hedge market volatility due to foreign exchange risk arising. June 30, China's Suntech Power announced that it has a member of IFC and the World Bank Group, signed a 50 million U.S. dollars of convertible bonds agreement. The loan to support the high conversion rate Tak technology - Pluto technology, production expansion plans and re-financing needs.
In addition to solar energy enterprises in China outside of the recent financing, SPG Holdings LLC today announced the adoption of global environmental protection funds (Global Environment Fund) and the completion of Robeco a 13 million U.S. dollars in equity financing.
Jul. 2, 2009
Motech X-CELL conversion efficiency of solar cells above 17.5%
Motech Industrial Inc. Released, code-named X-CELL's new solar cell structure. X-CELL Jingjing structure system in a single cell mass production can be achieved on average more than 17.5 percent conversion efficiency. The patent-pending X-CELL technology uses a unique manufacturing process of the pile, you can enhance the battery inside the detention of the light so as to effectively enhance the photoelectric conversion efficiency. At the same time, in comparison to the traditional structure of the solar cells, X-CELL manufactures solar cells fragment also significantly reduced. Customers have access to the benefits of the dual.
Motech existing machines can be imported on the X-CELL technology, no additional capital expenditures to further consolidate the competitive edge in the market Motech.
Motech currently can supply X-CELL Jingjing五吋single battery system and is expected to launch in the third quarter of six inches, single X-CELL battery Jingjing system.
Jun. 28, 2009
Motech existing machines can be imported on the X-CELL technology, no additional capital expenditures to further consolidate the competitive edge in the market Motech.
Motech currently can supply X-CELL Jingjing五吋single battery system and is expected to launch in the third quarter of six inches, single X-CELL battery Jingjing system.
Jun. 28, 2009
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