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Trina Solar: surviving the worst hurdle

 

Trina Solar survived a 23.75 per cent combined net tariff

imposed by the US government in 2012 and maintained

its No 1 global ranking for environmental and social

performance in the 2013 Solar Scorecard, an award

established by the Silicon Valley Toxics Coalition (SVTC).

 

“We are very proud to have maintained our top-ranking in

this leading environmental survey,” said Jifan Gao, chairman

and CEO of Trina Solar,one of the top Chinese solar companies,

with more than 20 offices and support centers worldwide. “

Trina Solar is deeply committed to its environmental and social

responsibilities and we continue to integrate this philosophy 

 across all of our operations and markets. We look forward to

continuing to support the delivery of clean solar energy by

truly green PV (photovoltaic) manufacturers.”

 

In August, the company reported second-quarter net revenue

of $440.7 million, an increase of 69.4 per cent from the first

quarter of 2013, and approximately 647 megawatt shipments

of solar modules, a sequential increase of 64.6 percent from

the first quarter.

 

“With robust global demand, we took full advantage of our

global sales network and strong brand to seize available

commercial opportunities.In terms of pricing, the average

selling price of modules has stabilized,reversing the falling

trend seen in previous quarters,” said Gao. “As a result of

our on-going efforts to improve operational efficiency and

control manufacturing costs, we achieved continuing

reductions in non-silicon costs, which contributed to

quarter-on-quarter margin improvement.”

 

The second quarter saw regulatory uncertainty surrounding

anti-dumping against PV imports from China in Europe,

however, the company’s geographic revenue diversification

helped mitigate such regulatory risks, according to Gao. “

We achieved strong sequential shipment increases in growth

markets including China, the US, India and Japan, which

added to our stable shipments to Europe,” he said.

 

With construction completed on a 50 megawatt power plant

in Wuwei, Gansu province in China, the facility is expected to

be grid connected and begin initial electricity generation by

the end of the third quarter of 2013.

 

“For our downstream system business, we remain focused on

research and development and committed to delivering innovative

products and solutions to lower installation costs, while enhancing

the efficiencies and ease-of-use of solar energy,” said Gao.

 

John Gann, CFO of the company’s US operation, said Trina Solar has

aimed to establish PV markets that drive smarter energy choices

through technology-driven innovation, and is growing its business

by partnering with US installers, distributors, utilities and developers.

 

“As a global enterprise, we strive to conform to international and local

trade practices in all markets. The tariffs imposed on us will not affect

the offering of Trina Solar product lines that are not subject to these

tariffs. Although the tariffs delayed affordable market access to our

most efficient cell technology-based products, we survived and have

done well,” said Gann.

 

He said like other markets, the strength and vigor of the US solar

industry is largely driven by state and federal taxes and solar policies.

 

In 2012, the US solar industry had its second-best quarter ever, according

to the Solar Energy Industry Association (SEIA). “The industry installed

772 megawatts (MW) of solar electric (PV and CPV) capacity in Q2 2012,

representing a 125 percent increase in deployment over the second

quarter of 2011,” the association said in a statement. US Solar Market

Insight — a quarterly publication of the SEIA and GTM Research — reported

that the trend will continue.

 

“As the U.S. solar industry progresses toward 2016, it is becoming increasingly

clear that system prices will fall significantly,” said Gao, 47, who also serves

as vice chairman of All-China General Chamber of Renewable Energy. “This

will enable a substantial volume of installations in some states to be built

using only federal incentives. As system prices continue to fall, additional

markets will open up and drive demand despite the likelihood of waning

state-level financial support for solar projects.

 

“Effective state policies, particularly those pertaining to net-metering

and permitting, will still be needed in order to accelerate deployment in

some markets. Based on our experience in the US, and forward-looking

market analysis, Trina Solar has made a significant investment in the

US market and is optimistic that this market will continue to grow.”

 

Gann, who has been CFO of Trina Solar since 2010, said the company

is committed to sustainable solar manufacturing through continuous

innovation and industry-leading environmental and corporate social

responsibility.

As a leading manufacturer of high-quality modules with a long history

of being a solar PV pioneer since 1997, the company has adapted

production requirements to meet US market needs and will continue

to assess options and serve all markets, he said.

 

“Our company is one of the few PV manufacturers that have developed

a vertically integrated business model from the production of monocrystalline

and multicrystalline silicon ingots, wafers and cells to the assembly of high

quality modules, ” Gann said, “Our products provide reliable and

environmentally-friendly electric power for a growing variety of

end-user applications worldwide.”

 

                                                          14 Oct 2013

Trina Solar survives its biggest hurdle

Trina Solar survives its biggest hurdle

The Park Villas project in National City, built by Trina Solar, is the  

largest multi-family affordable solar housing project in California. 


Trina Solar survived a 23.75 per cent combined net tariff imposed by the US

government in 2012 and maintained its No 1 global ranking for environmental

and social performance in the 2013 Solar Scorecard, an award established by

the Silicon Valley Toxics Coalition (SVTC).

 

"We are very proud to have maintained our top-ranking in this leading

environmental survey," said Gao Jifan, chairman and CEO of Trina Solar, one

of the top Chinese solar companies, with more than 20 offices and support

centers worldwide. "Trina Solar is deeply committed to its environmental and

social responsibilities and we continue to integrate this philosophy across all

of our operations and markets. We look forward to continuing to support the

delivery of clean solar energy by truly green PV (photovoltaic) manufacturers."

 

In August, the company reported second-quarter net revenue of $440.7 million,

an increase of 69.4 per cent from the first quarter of 2013, and approximately

647 mega-watt shipments of solar modules, a sequential increase of 64.6

percent from the first quarter.

 

"With robust global demand, we took full advantage of our global sales

network and strong brand to seize available commercial opportunities. In terms

of pricing, the average selling price of modules has stabilized, reversing the falling

trend seen in previous quarters," said Gao. "As a result of our on-going efforts to

improve operational efficiency and control manufacturing costs, we achieved

continuing reductions in non-silicon costs, which contributed to quarter-on-quarter

margin improvement."

 

The second quarter saw regulatory uncertainty surrounding anti-dumping against

PV imports from China in Europe, but the company's geographic revenue diversification

helped mitigate such regulatory risks, according to Gao. "We achieved strong sequential

shipment increases in growth markets including China, the US, India and Japan, which

added to our stable shipments to Europe," he said.

 

With construction completed on a 50 megawatt-watt power plant in Wuwei, Gansu

province in China, the facility is expected to be grid connected and begin initial electricity

generation by the end of the third quarter of 2013.

 

"For our downstream system business, we remain focused on research and development

and committed to delivering innovative products and solutions to lower installation costs,

while enhancing the efficiencies and ease-of-use of solar energy," said Gao.

 

John Gann, CFO of the company's US operation, said Trina Solar has aimed to establish

PV markets that drive smarter energy choices through technology-driven innovation,

and is growing its business by partnering with US installers, distributors, utilities and

developers.

 

"As a global enterprise, we strive to conform to international and local trade practices

in all markets. The tariffs imposed on us will not affect the offering of Trina Solar product

lines that are not subject to these tariffs. Although the tariffs delayed affordable market

access to our most efficient cell technology-based products, we survived and have done

well," said Gann.

 

He said like other markets, the strength and vigor of the US solar industry is largely

driven by state and federal taxes and solar policies.

 

In 2012, the US solar industry had its second-best quarter ever, according to the Solar

Energy Industry Association (SEIA). "The industry installed 772 megawatts (MMW) of

solar electric (PV and CPV) capacity in Q2 2012, representing a 125 percent increase in

deployment over the second quarter of 2011," the association said in a statement.

US Solar Market Insight - a quarterly publication of the SEIA and GTM Research - reported

that the trend will continue.

 

"As the US solar industry progresses toward 2016, it is becoming increasingly clear

that system prices will fall significantly," said Gao, 47, who also serves as vice chairman

of All-China General Chamber of Renewable Energy. "This will enable a substantial

volume of installations in some states to be built using only federal incentives. As

system prices continue to fall, additional markets will open up and drive demand

despite the likelihood of waning state-level financial support for solar projects.

 

"Effective state policies, particularly those pertaining to net-metering and permitting,

will still be needed in order to accelerate deployment in some markets. Based on our

experience in the US, and forward-looking market analysis, Trina Solar has made a

significant investment in the US market and is optimistic that this market will

continue to grow."

 

Gann, who has been CFO of Trina Solar since 2010, said the company is

committed to sustainable solar manufacturing through continuous innovation

and industry-leading environmental and corporate social responsibility.

 

As a leading manufacturer of high-quality modules with a long history of being

a solar PV pioneer since 1997, the company has adapted production

requirements to meet US market needs and will continue to assess options

and serve all markets, he said.

 

"Our company is one of the few PV manufacturers that have developed a

vertically integrated business model from the production of monocrystalline and

multicrystalline silicon ingots, wafers and cells to the assembly of high quality

modules, " Gann said, "Our products provide reliable and environmentally-friendly

electric power for a growing variety of end-user applications worldwide." 

 

 

 

                                                                12 Oct 2013

Vanishing neon landscape


Neon helped to define Hong Kong's iconic urban scenery as the city rose to global

  prominence. You can still see some of those huge neon edifices along Nathan Road

  in Kowloon and in some older business districts The medium, however, is losing its

  glow in popular taste and seems to be disappearing rapidly throughout the territory


"Neon signs were especially popular in Hong Kong in the 1970s. They were often

featured on postcards and pictures to tell the vibrant social life of the city of that

  time," said Samantha Wong, a representative for Heritage and Museums with the

government's Leisure and Cultural Services Department. Wong said her department

suspects that local disappearance of neon is a complex issue. Flashy neon signs have

  been overtaken in the market by alternative lighting, such as LED, that uses less

electricity. Businesses today are turning more and more to social media for promotion.

And businesses that once were stalwarts of the neon landscape, giant saunas, and the

night clubs of Tsim Sha Tsui and Mong Kok are fading away


Roy Ng, a campaign officer at the Conservancy Association (an NGO dedicated to

heritage and environmental conservation) said that the government crackdown

 on illegal structure is the more likely culprit


"It happens to be apparent that the high effectiveness of Buildings Department

in combating illegal structure put an end to the lives of neon signs in urban

areas," said Ng, noting that there is insufficient research currently available

about Hong Kong's neon signage


Neon sign conservation poses a conundrum for the Conservancy Association,

a green group that must also consider how neon heritage weighs against

mounting opposition to Hong Kong's light pollution. But supposing the

government wanted to preserve the cow in its present location, Ng said

that the government has a guidebook that allows building alterations to

  balance heritage and safety concerns


"I don't think that the government would be bound strictly by the Building

Ordinance if they do cherish the significance of the 'cow' in local streetscape,"

said Ng

 

 

                                                                                                              10 Oct 2013



LED plate afternoon go strong


JINGWAH times dispatch (reporter Zhou Xu) yesterday afternoon, LED shares the

concept of collective turnover lasheng. As of the close, Hagata Terua trading strong,

Ou Feiguang rose 9.08%, BDO rose 8.38%, up 8.30%, REFOND optoelectronics poly

opto-electronics rose 7.21%.

 

The first venture securities analyst Liu Xinyan said, although the current trend in the

market downturn, but yesterday LED concept stocks but out of a wave of good market.

From the fundamental point of view, the beginning of semiconductor lighting energy-saving

plan reflects the management of the industry to promote, and in 2013 LED demand

rebounded quickly, and the package before Taiwan LED industry chip startup, showing

strong demand. Although the industry is generally good, but there is no denying that LED

market competition tends to a white-hot. This is because the traditional lighting enterprises

to speed up the pace of transformation to LED, photoelectric enterprises have put into the

field. So investors in investment in the industry stocks, still need to pay more attention to the

stock performance of whether there is a clear growth, short-term operation can not blindly

chasing the high, the adjustment of the basic in place of optoelectronic, poly fly photoelectric

concern may be appropriate.

 

 

                                                                                        9 Oct 2013

Overseas Chinese entrepreneurs connect

with reform

 

Not just bound by cultural tradition, overseas Chinese entrepreneurs have been

closely following China's latest reform and development and are actively seeking

opportunities during the economic transition.

 

For more than 3,000 entrepreneurs from 105 countries and regions, the 12th

World Chinese Entrepreneurs Convention is more like a homecoming party.

 

"The home of overseas Chinese entrepreneurs is China. The broad and profound

Chinese tradition is our great spiritual wealth and source of wisdom," said Dhanin

Chearavanont, a Chinese Thai and chair of the multinational Charoen Pokphand

Group, at Wednesday's opening ceremony.

 

Overseas Chinese entrepreneurs were among the first to invest in the mainland

three decades ago during the initial years of China's reform, thanks to their better

understanding of China and sensitivity to the country's changes.

 

As reform cranks up and rebalancing economic structure toward a consumption-led

pattern becomes the order of the day, these business people find China's future even

more promising.

 

"China's development in the next decade will be several times that of the last sixty

years,"said Dhanin, who is considering setting up a fund to facilitate investment in

China and help Chinese entrepreneurs go global.

 

In his congratulatory letter to convention which closed on Thursday in Chengdu,

capital of Sichuan province, Chinese President Xi Jinping said overseas Chinese

entrepreneurs are offered a "grand stage" to realize their visions during the great

renewal.

 

China's top political advisor, Yu Zhengsheng, also said that a prosperous and

stable China will bring more opportunities for the world and for overseas Chinese

entrepreneurs in particular.

 

"The new leadership is very open-minded," said Lin Guangyou, president of Yihai

Property Holdings Co Ltd based in Hong Kong.

 

The government has been easing administrative procedures and Lin expects a

fairer business environment in the future.

 

Richard K. Wong, president of World Chinese Business Association of Canada, said

overseas Chinese entrepreneurs can be bridges between China and the rest of the

world in technology,finance and education.

 

Wong also hoped the latest reforms would boost the private economy, meaning more

opportunities for overseas Chinese businesses.

 

Urbanization, a major focus of these reforms, caught the attention of Tu Haiming, a

Shanghai-born businessman from Hong Kong and vice president of China Overseas

Chinese Entrepreneurs Association.

 

Tu said the decision to combine expansion of domestic demand with urbanization

is a step in the right direction, while suggesting that urbanization should be about

both environmental protection and technological development.

 

China's economic growth slowed to 7.5 percent in the second quarter from 7.7

percent in the first three months, but recent economic indicators have been better

than expected, including manufacturing activityand foreign trade, so there is plenty

of evidence of a firming Chinese economy.

 

"We are very confident about China's future economic trend," said Fu Xumin from

the Netherlands who manufactures electronic lighting products.

 

The two-digit economic growth is no longer on the cards, but growth between 7

percent and 8 percent in the next one or two decades is not out of question, Fu said.

 

 

                                                                                                                     7 Oct 2013

 

Clean energy in Mideast attracts Chinese firms

Oil-rich countries in the Middle East that plan to boost clean energy development

are expecting Chinese firms to grasp opportunities in the regional market.


With increasing domestic energy demand, the Egyptian government is pushing for

  diversified energy consumption, said Mahmoud Mustafa, a senior official in

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