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SFCE Media Scan for March 24, 2015
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to-the-point: Wuxi Suntech announces warehouse in S Africa
Mar 24, 2015 | See News Renewables
By Militsa Mancheva
Chinese solar products maker Wuxi Suntech has officially opened for business a warehouse facility in the South Africa’s Cape Town, aiming to boost its sales capacity in the county and the South African Development Community. -
Suntech opens warehouse in Cape Town
Mar 23, 2015 | Renewable Energy Focus
Wuxi Suntech Power Co., Ltd. has officially announced the establishment of a local warehouse in Cape Town, South Africa. This new facility will initially store 500kW of modules and will expand its storage capacity to 1MW later in 2015. -
Suntech Opens Warehouse in Cape Town
Mar 23, 2015 | Asset Hub
Wuxi Suntech Power Co., Ltd. has officially announced the establishment of a local warehouse in Cape Town, South Africa. -
SFCE Secures Ownership Stake in Lattice Power, Investing in the Gallium Nitride Innovator
Mar 24, 2015 | PR Newswire
The majority share acquisition of Lattice Power strengthens SFCE's core technology competency in the low carbon economy field, increases profit sources of the listed company. -
Shunfeng looks to purchase ‘disruptive’ LED lighting company
Mar 24, 2015 | PV-Tech
By Andy Colthorpe
Shunfeng International Clean Energy, solar energy services provider and part of the group that also owns Wuxi Suntech, has made clear its intent to purchase an LED lighting company.
Suntech Press Release
Shunfeng Press Release
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to-the-point: Wuxi Suntech announces warehouse in S Africa
Mar 24, 2015 | See News Renewables
By Militsa Mancheva
Chinese solar products maker Wuxi Suntech has officially opened for business a warehouse facility in the South Africa’s Cape Town, aiming to boost its sales capacity in the county and the South African Development Community.
At first, the new facility will store as much as 500 kW of photovoltaic (PV) modules, while later in 2015 its storage capacity will reach 1 MW, the company said in a statement on Monday.
The warehouse allows the company to reduce the time it needs to deliver its products to local customers to 24 hours, compared to the 40-day period when shipped from China, Joey Zheng, Africa and South Asia regional director, explained. “We are also eliminating the effort involved in the PV modules shipping and importation procedure, which will help our customers to better plan their project schedules," he added.
Wuxi Suntech was the main unit in China of Suntech Power Holdings. It is now part of Shunfeng International Clean Energy Ltd (HKG:1165).
http://renewables.seenews.com/news/to-the-point-wuxi-suntech-announces-warehouse-in-s-africa-469612
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Suntech opens warehouse in Cape Town
Mar 23, 2015 | Renewable Energy Focus
Wuxi Suntech Power Co., Ltd. has officially announced the establishment of a local warehouse in Cape Town, South Africa. This new facility will initially store 500kW of modules and will expand its storage capacity to 1MW later in 2015.
“The opening of a local warehouse in Cape Town will allow Suntech to increase its sales capacity in South Africa and in the South African Development Community, which serves as a free trade zone," said Joey Zheng, regional director to Suntech’s Africa and South Asia markets. "We are also eliminating the effort involved in the PV modules shipping and importation procedure, which will help our customers to better plan their project schedules."
According to Zheng, Suntech will now be able to assure that all of its customers will have their products within 24 hours after purchase, whereas previously it took 40 days for modules to be delivered from China. This is particularly important, Zheng noted, given the growing number of sales to larger scale projects.
Suntech established a full-time presence in South Africa in 2014 as part of its expansion efforts in the region.http://www.renewableenergyfocus.com/view/41781/suntech-opens-warehouse-in-cape-town/
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Suntech Opens Warehouse in Cape Town
Mar 23, 2015 | Asset Hub
Wuxi Suntech Power Co., Ltd. has officially announced the establishment of a local warehouse in Cape Town, South Africa. This new facility will initially store 500kW of modules and will expand its storage capacity to 1MW later in 2015. Suntech established a full time presence in South Africa in 2014 as part of its expansion efforts in the region.
“The opening of a local warehouse in Cape Town will allow Suntech to increase its sales capacity in South Africa, and in the South African Development Community, which serves as a free trade zone. We are also eliminating the effort involved in the PV modules shipping and importation procedure, which will help our customers to better plan their project schedules,” said Joey Zheng, Regional Director to Suntech’s Africa and South Asia markets.
“With a growing number of sales to larger scale projects, we will now be able to assure that all of our customers will have their products within 24 hours after purchase, whereas previously it took 40 days for modules to be delivered from China,” Zheng added.
Recently, Suntech supplied 100 MW of its high-efficiency PV modules to two projects selected during the Department of Energy’s Renewable Energy Independent Power Producer Procurement Program’s (REIPPPP) first bid round.
“Under the ownership of Shunfeng Clean Energy (SFCE), Suntech has the strongest balance sheet in the industry and was recently added to Bloomberg New Energy Finance’s (BNEF) Tier 1 solar company list,” said Victor Xiong, President of Wuxi Suntech. “We are now part of the largest integrated clean energy generation company in the world. I am confident that our partners and customers will see how our clean energy ecosystem brings value to solar energy development, which is especially relevant in supporting the growing electricity needs in South Africa and in the wider region,” he added.
Suntech will be present at Power & Electricity World Africa 2015 in Johannesburg from March 24-25, 2015. The team will be exhibiting the following products: a solar home system, which is an all-inclusive DC power system, the STP265-20/Wem and STP315-24/Vem modules for on grid systems, and the STP140D-12/TEA and STP085D-12/BEA modules for off-grid systems.
Asset: Hub: http://hub.3dissue.net/svw1/item/6325445
PV Magazine (German): http://www.pv-magazine.de/nachrichten/details/beitrag/suntech-baut-prsenz-in-sdafrika-aus_100018646/
Solar Server (German): http://www.solarserver.de/solar-magazin/nachrichten/aktuelles/2015/kw13/suntech-eroeffnet-lagerhalle-in-kapstadt-lieferzeit-von-photovoltaik-modulen-an-suedafrikanische-kunden-soll-verkuerzt-werden.html
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SFCE Secures Ownership Stake in Lattice Power, Investing in the Gallium Nitride Innovator
Mar 24, 2015 | PR Newswire
shunfeng International Clean Energy Limited (SFCE) announced yesterday that it has signed an MOU with Lattice Power to acquire a 51% ownership stake in the company. SFCE's successful bid in Lattice Power is a milestone for the listed company as it transitions to become a global low carbon solutions provider. Lattice Power's gallium nitride (GaN) on silicon technology is exclusively patented worldwide, offering significant cost advantages compared to sapphire substrate technology LED. The partnership expands SFCE's portfolio and increases the profitability of the listed company.
In 2014 Lattice Power sold over 100 million units of LED bulbs. LED lighting is a sustainable, reliable, efficient and energy-saving technology which reduces energy consumption by 50% to 80% compared to normal lighting. Lattice Power's high-performance LED lighting products serve the general lighting, smart phones and the automotive industries. The company currently holds more than 200 patents worldwide and SFCE's global low carbon solutions will bring a huge new profit growth opportunity to the company.
"Developing cost-effective lighting solutions is an essential step in solving the world's energy challenges," said Mr. Zhang Yi, Executive Chairman of SFCE. "Lattice Power's breakthrough technology represents the next generation of affordable lighting products. These new lighting products will inevitably replace traditional lighting, providing high-quality products at a reasonable cost for the global lighting markets. In addition, the merger creates new opportunities for SFCE in the lighting market, providing a new and substantial profit source for the company."
"We see tremendous opportunity for the GaN-on-silicon technology, which offers the ideal choice for next generation silicon chips," said Sonny Wu, Managing Director of GSR Ventures and Executive Chairman of Lattice Power. "Efficient, energy-saving, low-cost LED lighting products are leading the development of the lighting market. Global energy consumption stems largely from urban and household lighting needs. As the global population grows and the economy develops, energy efficient solutions, including energy-saving lighting solutions will face a huge demand. Many developed countries have legislation prohibiting the use of traditional lighting, thus the investment community is increasingly concerned about new lighting technologies and products. GSR Ventures has been leading investments within new economic fields for many years. In collaboration with SFCE, we are excited to integrate Lattice Power's technology and products into emerging lighting markets, to disrupt the market and yield substantial earnings. We look forward to a long-term partnership."
About Lattice Power Corporation
Lattice Power Corporation is incorporated in the Cayman Islands. Lattice Power is principally engaged in the production of a wide range of applications in general lighting, display screens, LCD backlight and industrial LED chip products. Lattice Power is a world leader in its GaN on silicon substrate and wafer processing technology. It is the world's first company to realise mass production of high-efficiency and high-performance silicon substrate LED chip. Mr. Zheng Jianming's wholly -owned Asia Pacific Resources Development and Investment Co., Ltd. is the main shareholder of Lattice Power Corporation.
About Shunfeng International Clean Energy Limited
Shunfeng International Clean Energy Limited (SFCE) is committed to becoming the largest low-carbon, integrated, clean energy generation provider globally. Through strategic acquisitions and integrations, SFCE owns a number of well-known product and technology brands in the industry. SFCE fosters a continuous improvement in energy generation including in solar, wind, ocean power and ground source heat pumps, combined with energy management and storage capabilities. SFCE aims to provide clean energy solutions to large scale public facilities and commercial users such as business facilities, office buildings, schools, hospitals sports stadiums and households. SFCE's energy solutions can achieve energy cost reductions of 50% - 70%, creating energy generation choices for its customers to reduce both carbon emissions and energy costs.
About GSR Ventures
GSR Ventures is a venture capital fund that invests primarily in early- and growth-stage technology companies with substantial operations in China. It focuses its investments in digital media, software, energy and technology. Some of its notable investments include Qunar (NASDAQ: QUNR), Shanghai Great Wisdom (SS: 601519), Lightinthebox (NYSE: LITB), NQ Mobile (NYSE: NQ) and Silevo Solar which was sold to SolarCity (NASDAQ: SCTY). The firm has more than $1 billion in capital under management and has offices in Beijing, Hong Kong and Silicon Valley. For more information, please visit www.gsrventures.com.
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Shunfeng looks to purchase ‘disruptive’ LED lighting company
Mar 24, 2015 | PV-Tech
By Andy Colthorpe
Shunfeng International Clean Energy, solar energy services provider and part of the group that also owns Wuxi Suntech, has made clear its intent to purchase an LED lighting company.
Shunfeng has signed a Memorandum of Understanding (MoU) with Lattice Power Corporation, which is based in China but incorporated in the Cayman Islands. If the deal goes ahead, Shunfeng will take a 51% stake in the company. Lattice Power produces LED chips for use in lighting, LCD backlighting and related industries, claiming to be the first company to produce LED chips of gallium nitride (GaN) on silicon at mass produced scales.
According to the MoU, Lattice Power is considered to hold a number of GaN-on-silicon patents that could pose a disruptive risk to lighting, smartphone lighting and automotive lighting. Shunfeng said LED lighting is “an important link” in developing low carbon societies and said the technology is “in compliance with the development strategies of the Company as a provider for comprehensive low-carbon and energy-saving solutions”.
The acquisition seems to fit with previous understanding of Shunfeng’s motivations. Last year, Cheng Kin Ming, the billionaire majority investor in Shunfeng Photovoltaics, said he has a strategy in place to install 50GW of clean energy in the next decade. According to Cheng’s Age of Green Cities strategy, much of this would be done by the leveraging of whole supply chains in a number of renewable energy, energy efficiency and related fields owned by Cheng himself
http://www.pv-tech.org/news/shunfeng_looks_to_purchase_disruptive_led_lighting_company
Suntech Press Release
Shunfeng Press Release
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