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Canadian Solar Announces German Contract

Canadian Solar Inc. (NasdaqGM:CSIQ) has signed an annual sales and distribution contract with pro solar Solarstrom GmbH in Germany. It has an estimated annual value of approximately $30 to $40 million in 2007. CSI will supply to pro solar Solarstrom its high-quality photovoltaic solar modules, in particular the newly certified model CS6P-210, which yields 210-240 W electrical output from a single module. “pro solar Solarstrom is one of the most successful solar electric system providers and wholesalers for photovoltaics in Germany, as well as an existing CSI customer. This contract expands our current business relationship, continues our overall global expansion and gives us added confidence in our business outlook for 2007,” commented Dr. Shawn Qu, Chairman and CEO of CSI. About Canadian Solar Inc. Founded in 2001, Canadian Solar Inc. (CSI) is a standard solar module and specialty solar module and product company, serving customers located in various markets worldwide. CSI is incorporated in Canada and conducts all of its manufacturing operations in China. About pro solar Solarstrom GmbH Founded in 1988 as part of the pro solar Energietechnik GmbH, the company belongs to the solar pioneers that recognized the potential of solar energy. Headquartered in Ravensburg, pro solar Solarstrom […]

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Suntech Establishes Europe Subsidiary

Suntech Power Holdings Co., Ltd. (NYSE: STP), a leading photovoltaic manufacturer, has established Suntech Europe Ltd., a wholly-owned subsidiary, to expand its customer base as well as to deepen the service and support offered to its customers in Europe, the Middle East and Africa. The headquarters for Suntech Europe will be in London with sales offices expected to be opened in key cities in the region commencing in 2007. Suntech has been actively selling its products into Europe which accounts for the majority of its revenues over the past five years. Its newly acquired subsidiary, MSK Corporation has also generated significant revenue from sales in Europe over the course of its 20 years selling PV products. Jerry Stokes, Vice President of International Sales and Marketing for MSK, has been appointed President of Suntech Europe. In addition to selling PV cells and modules, Suntech Europe will focus on expanding the sale of MSK’s building- integrated photovoltaics (BIPV) product which will build upon its first mover advantage in this space. “The establishment of Suntech Europe and regional offices is critical for Suntech to maintain its momentum as a strong leader within the European market as exemplified by our recent 23+MW contract win […]

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Lignol Energy Starts Trading, Completes Private Placement

Lignol Energy Corporation (TSX: LEC) (formerly Santa Cruz Ventures Inc.) commenced trading after completing the acquisition of Lignol Innovations Corporation, and a private placement of $5 million. The Company has acquired and modified a solvent based pre-treatment technology originally developed by a subsidiary of General Electric. This technology was applied in the pulp industry by Repap Enterprises Inc., at a cost of over $100 million. Lignol acquired this technology, plant data and related engineering together with the original GE pilot plant that is now being integrated with recently developed process capabilities to convert cellulose to ethanol. The financing will fund the completion of Lignol’s pre-commercial work plan and be used to acquire equity ownership in energy-related projects that have synergies with Lignol’s biorefining technology and corporate mission. With the support of Sustainable Development Technology Canada and specific interested corporations, the pre-commercial work plan should deliver a technical design for a commercial biorefining plant capable of producing fuel grade ethanol and a variety of biochemical co-products from hardwood, softwood and a variety of agricultural residues. About Lignol Energy Corporation A western Canadian company, Lignol’s mission is to build biorefineries for the production of fuel-grade ethanol and biochemical co-products produced from cellulosic […]

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