Apollo Solar To Collaborate on Solar Development in China

Apollo Solar Energy, Inc. (OTCBB: ASOE) a refiner and producer of tellurium-based compounds and other metals for the solar photovoltaic (PV) industry, announced a non-binding collaboration agreement to build scaled thin-film solar power plants in China. 

Apollo Solar signed the agreement with state-owned China Energy Conservation Solar Energy Technologies, Inc. (CECS). China’s government has charged CECS with responsibility for constructing and operating scaled
solar power stations in China. CECS is currently the largest investor and
systematic operator of solar photovoltaic technology in China.

According to the agreement, the collaboration will work in three ways: first, Apollo Solar intends to provide CECS with thin film solar panels, upon request, on a long-term basis; second, the parties intend to work jointly to construct thin film solar energy power stations; and third, CECS intends to acquire the thin film solar energy power stations that may be built independently by Apollo Solar through its separate financing and technology.

Renyi Hou, CEO of Apollo Solar said CECS is the only solar energy oriented company currently funded by the China Energy Conservation Investment Corporation, a state-owned company responsible for leading the new renewable energy industry by directing development throughout China.

Mr. Zhao Youmin, senior vice president of CECS, said: "The Chairman of China’s State Electricity Corporation, in a recent interview on CCTV News, announced that according to the Chinese government’s recent promise to limit emissions, the State Electricity Corporation intends to accelerate the pace of construction of renewable energy sources, including solar power stations and photovoltaic grid-connected systems. The Chairman also estimated that, in his opinion, renewal energy sources, including wind and solar energy, will capture about a 20% share of nationwide energy demand in China by the year 2020."

Apollo Solar Energy, Inc., through its wholly owned subsidiary, Sichuan Apollo Solar Science and Technology Co., Ltd, is primarily engaged in refining and producing tellurium (Te) and high-purity tellurium-based metals for specific segments of the electronic materials market. The Company’s products include CdTe thin-film compounds, CIGS thin-film compounds, ultra-high purity metals and commercial-purity metals. Apollo Solar also expects to be a constructor and operator in future government-funded solar farm projects in China, including a possible 10 gigawatts (GW) solar community in Anhui province, China.

Website: http://www.apollosolar.com     
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Comments on “Apollo Solar To Collaborate on Solar Development in China”

  1. Sudhakar

    Green Roofs or Solar Roofs ?Do you want to contribute to our earth but don’t know how? Global warimng and the urban heat island effect are making inroads into our homes. This is a serious issue, and we must also have a positive attitude toward mediating this situation.Suppose that you are not a boss of an enterprise; therefore, you are powerless to decide how to reduce air pollution nor recycle resources. Don’t be discouraged! You can still influence others and help preserve the earth by supporting the idea of green design. Green design is an internationalidea that has been discussed for many years, and was promoted in the 1992 Leaders Summit Meeting in Brazil. It is called ecological building in Japan and sustainable building in Europe. Home green design is an affordable way to save energy. Two methods of saving energy are the green roof and a roof covered by solar panels. Though each of these two methods have their own advantages and drawbacks regarding expense, working conditions, and function, green roofs are a more effective way to save energy.Expense is a very important thing taken into consideration when deciding between green roofs and solar panels. For a 100 sq foot roof, you need about $25,000 to install solar panels on your rooftop. The system works at least 25 years. However, maintenance of the solar panels will cost $1,000 per year, putting its worthiness into question. Its worthiness depends on your personal electricity usage. You would save a small amount of money if you are living with a big family, but a fact that should be taken into consideration is that the value of money between now and the future fluctuates. Otherwise, you still need to pay the upkeep of the system every year and the charge of basic power to keep it working. Green roofs are priced $1,500 for the same area without the need for maintenance. Then, all you need is a waterproof rooftop, a layer of soil, and a bag of seeds. The idea of Green Roof is much cheaper obviously and has lower maintenance costs than solar panels.An additional factor to consider are the working conditions of each method. Before you choose one of them, you need to consider the weather in your area. Solar panels, as the name hints, is a system that needs sunlight to function. Green roofs need adequate rain to support growth as well as sunlight. Comparing the two systems’ working requirements, solar panels need less than green roofs. Though solar panels still work on cloudy days, they will not maintain the same efficiency as they would on sunny days, though the amount of energy provided may be enough depending on your needs. Unfortunately, solar panels are not ideal for windy areas because they might be damaged by flying debris. Though the solar panels and green roofs are nearly equal in regards to working conditions, green roofs are slightly advantageous in that they are working 24 hours a day.Lastly, solar panels and green roofs have slightly differing functions. In theory, solar panels basically reduce your energy consumption. What would be powered with solar electricity are the things such as the refrigerator, the computers, the TVs and the airconditioning, etc. Sounds great, but solar panels efficiency averages only 20% to 40%. Solar panels absorb sunlight and convert its energy to a type of power we can use for electronics. The system loses much energy during theconversion process, and will not be able to power appliances unless sufficient amounts of sunlight is absorbed. On the other hand, green roofs filter rain and air pollutants in addition to keeping the house warmer in winter and cooler in summer. Sometimes it caneven provide a habitat for birds and some small animals.Choosing between solar panels and green roofs is a fascinating question. Though each system has its own benefits, green roofs are more advantageous to the average person. Solar panels are presently an underdeveloped technology especially concerning energy conversion and are more costly than green roofs. Protecting the environment is an important thing and we must work to solve the problems threatening it.I was going to add a few notes here and there, but the answer was too long. Try to make an original title, and not say I am going to because it’s obvious. Also, if I changed the meanings of some parts (some parts were ambiguous), feel free to ignore the change.Hope I helped.


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