Wednesday, September 30, 2009

Solar: "Trina Solar Extends Contract; Suntech Completes Utility-Scale Solar Plant; LDK Solar Loses Ground" (TSL, STP, LDK)

Snappy headline eh? It's from 24/7 Wall Street. I'd try to adopt the tempo but there's a real risk it would just degenerate into the Daily News style: "Bar mitzvah perv jailed".

From 24/7:

Chinese solar PV maker Trina Solar Ltd. (TSL) has announced a five-year contract extension with another Chinese company that produces polysilicon and solar wafers. Trina plans to use the materials to produce about 8,500 megawatts of solar modules over the next 13 years.

The original contract began in April 2008 and was to run for eight years. This extension does not change any terms of that contract; it adds five years beginning in 2016 at already agreed-upon volumes and prices, though a price adjustment is possible based on market prices.

Meanwhile, Suntech Power Holdings Co., Ltd. (STP) has completed a 10 megawatt PV solar generation plant in the Nigxia Autonomous Region of China. This is the first utility-scale PV plant in China, and Suntech plans to expand capacity to 50 megawatts by 2011. The newly-started plant will displace about 20,000 tons of carbon dioxide emissions annually...MORE