China?s Suntech Power Battery capacity proposed 1GW

Even though Germany in the second half will be reduced subsidies for photovoltaic cells, photovoltaic cell industry over the dark surface, but the world?s second largest solar cell manufacturer hp compaq 6510b battery, hp compaq 6910p battery - China Suntech Power (STP.N: Quotes ) announced the expansion is still high-profile programs to meet the growing demand.

Zhengrong Shi, chairman late Saturday in a small-scale press conference, said the company plans to invest 2.68 billion yuan in the construction of 1GW production base of Shanghai Minhang District, close to the company?s existing production capacity. Projects completed in four phases. Which one was completed around the end of June, the expansion over three years to complete.

?This year we (the products) all sold out, capacity is not enough, can not meet customer demand,? he said, ?there are debts the second quarter, third quarter debts, we do not see any reduction due to the impact of subsidies in Germany.?

Germany in July lowered its solar subsidies, most of the market that will certainly affect the demand for the third quarter. He explained that because of the battery falling prices, the current electricity price in Germany, power plant investors, internal rate of return on investment Up to 15%. Even if Germany cut subsidies, reduced power plant 8-9% rate of return on investment may still be attractive.

Germany is the world?s largest PV market sony vgp-bps8 battery, sony vgp-bps9 battery. He expects the German market this year will reach 70-80% annual growth.

He also believes that the U.S. market in the second half of the market size will double the first half of the year will reach 1GW, China, Australia, the Middle East or South Africa is also very fast growing market FRU 92P1137 , FRU 92P1139 .

Shanghai base will be outside the headquarters of Wuxi Suntech?s second production base, a capacity of 180 megawatts, while the end of the first quarter of Wuxi headquarters capacity to 1.2GW, Suntech middle of this year can easily reach 1.4GW the original target. The construction of Suntech?s thin film earlier in Shanghai base for photovoltaic cells, follow-up expansion plans will be delayed.

Suntech has been building a 20 MW thin film battery production base, production in 2009. He said that the cost of crystalline silicon cells decreased rapidly, while the thin film battery 6-7% conversion rate, less competitive. The current situation The company decided to thin film batteries need to increase research and development, improve efficiency, there is no short-term expansion plans.

    Suntech?s silicon solar cell manufacturing toshiba pa3634u-1brs battery, toshiba pa3728u-1brs battery base in Shanghai conversion efficiency of not less than 18.5%, not less than 17% of the polycrystalline silicon cells.

** Euro exchange rate: the performance variables **

Although the demand for full, but the continuous depreciation of the euro this year, so that damage to company performance. Company executives held in the first quarter of Wednesday night shows at the expected performance of the second quarter, the company?s exchange losses may be as high as 3,000 million, exceeding market expectations. in the first quarter of the euro against the dollar fell against the company caused a loss of 2,450 million.

?Second quarter loss on exchange is relatively large, the euro (against the dollar) fell by 1.2 from 1.35, then great ability too.? He pointed out that the company has taken the forward exchange rate hedging measures, and procurement plans in euros, or sales in dollars to avoid exchange rate changes. However, if the euro can not stop the decline, the company would still have lost.

Suntech has its original goal of this year?s 1.25GW volume hp pavilion dm3 battery, hp probook 4311s battery increased to 1.3GW, new targets shipments of 704MW over a year the actual growth of 85%, 68% in the first quarter, the company?s products are exported to European markets, 2009 74%.

He believes that the European market share is gradually declining to the end of the share of Europe will also significantly reduced the share of the United States and Japan will rise faster.

The company released first quarter results and outlook next quarter after the dark prospect of the euro exchange rate, analysts have lowered their target price. Janney Capital to Suntech?s a reasonable price estimate down to 15 dollars from 12.50, maintaining a neutral rating; Wedbush also its target price from 8 dollars to 7 U.S. dollars, to maintain ?Underperform? rating.

Including Germany, Spain and other European countries, is now the major market for solar cell applications, the local government subsidies for PV high to support the PV industry to flourish in the local. But recently the spread of sovereign debt in Europe credit crisis, VGP-BPS9  worried about the market demand for the European market will continue.

China is the world?s largest solar cell dell vostro 1310 battery, dell xps m1530 battery producer, Suntech in 2009 and has been among the world?s second-makers, after the U.S. First Solar (FSLR.O: Quote). At present, CSI Artes (CSIQ.O : Quote), Trina Solar (TSL.N: Quote), etc. More than 10 Chinese PV companies in the United States and other developed markets.

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