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SFCE Media Scan 3/25
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SFCE Secures Ownership Stake in Lattice Power, Investing in the Gallium Nitride Innovator
Mar 24, 2015 | Reuters
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. -
SFCE to acquire 51% stake in Lattice Power
Mar 24, 2015 | Semiconductor Today
Hong Kong-based Shunfeng International Clean Energy Ltd (SFCE) has signed a memorandum of understanding (MOU) to acquire a 51% ownership stake in Lattice Power Corp of Nanchang, China, which claims to have been the first company to realise mass production of gallium nitride (GaN)-on-silicon LEDs. -
SFCE Secures Majority Share In Lattice Power
Mar 24, 2015 | Compound Semiconductor
Clean energy company to acquire 51 percent stake in GaN-on-silicon innovator -
New Cape Town Facility Could See Solar Prices Plummet
Mar 25, 2015 | htxt.africa
By Charlie Fripp
Adding a bunch of solar photo-voltaic (PV) panels to your house could decrease your dependence on Eskom, but they haven’t always been readily available in South Africa.
Shunfeng Press Release
Suntech Press Release
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SFCE Secures Ownership Stake in Lattice Power, Investing in the Gallium Nitride Innovator
Mar 24, 2015 | Reuters
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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sfce-secures-ownership-stake-in-lattice-power-investing-in-the-gallium-nitride-innovator-300055084.html
SOURCE Shunfeng International Clean Energy Limited
Reuters: http://www.reuters.com/article/2015/03/24/wuxi-suntech-mou-cont-idUSnPn7srpgj+80+PRN20150324
CNBC: http://www.cnbc.com/id/102530601
ABC 3340: http://www.abc3340.com/story/28600295/sfce-secures-ownership-stake-in-lattice-power-investing-in-the-gallium-nitride-innovator
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SFCE to acquire 51% stake in Lattice Power
Mar 24, 2015 | Semiconductor Today
Hong Kong-based Shunfeng International Clean Energy Ltd (SFCE) has signed a memorandum of understanding (MOU) to acquire a 51% ownership stake in Lattice Power Corp of Nanchang, China, which claims to have been the first company to realise mass production of gallium nitride (GaN)-on-silicon LEDs.
After changing its name from Shunfeng Photovoltaic International Ltd last November, solar power firm SFCE says that its bid for Lattice Power is a milestone as it transitions to becoming a global low-carbon solutions provider. The firm 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). Lattice Power's GaN-on-Si technology is exclusively patented worldwide, offering cost advantages compared with LEDs based on sapphire substrates. The partnership expands SFCE's portfolio and is expected to increase profitability of the listed company.
With LED lighting products serving the general lighting, smart phones and automotive industries, Lattice Power sold more than 100 million LED bulbs in 2014. The firm currently holds more than 200 patents worldwide, and SFCE's global low-carbon solutions are expected to bring a new profit growth opportunity to the company.
"Lattice Power's breakthrough technology represents the next generation of affordable lighting products," comments SFCE's executive chairman Zhang Yi. "The merger creates new opportunities for SFCE in the lighting market," he adds.
"We see tremendous opportunity for the GaN-on-silicon technology, which offers the ideal choice for next-generation silicon chips," says Sonny Wu, executive chairman of Lattice Power and managing director of shareholder GSR Ventures (a venture capital fund that invests in early- and growth-stage technology firms with substantial operations in China). "Efficient, energy-saving, low-cost LED lighting products are leading the development of the lighting market," he adds. "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," Wu continues. "In collaboration with SFCE, we are excited to integrate Lattice Power's technology and products into emerging lighting markets... We look forward to a long-term partnership."
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SFCE Secures Majority Share In Lattice Power
Mar 24, 2015 | Compound Semiconductor
Shunfeng International Clean Energy Limited (SFCE), formerly Shunfeng Photovoltaic International, has signed a memorandum of understanding to acquire a 51 percent stake in Lattice Power.
Lattice Power, which makes a wide range of general lighting, display screen, LCD backlight and industrial LED chip products, is known for its GaN on silicon substrate and wafer processing technology. In 2014 Lattice Power sold over 100 million units of LED bulbs.
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.
"Developing cost-effective lighting solutions is an essential step in solving the world's energy challenges," said 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."
Sonny Wu, managing director of GSR Ventures and executive chairman of Lattice Power said: "We see tremendous opportunity for the GaN-on-silicon technology, which offers the ideal choice for next generation silicon chips."
He added: ”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."
GSR Ventures is a venture capital fund that invests primarily in early- and growth-stage technology companies with substantial operations in China.
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New Cape Town Facility Could See Solar Prices Plummet
Mar 25, 2015 | htxt.africa
By Charlie Fripp
Adding a bunch of solar photo-voltaic (PV) panels to your house could decrease your dependence on Eskom, but they haven’t always been readily available in South Africa.
Wuxi Suntech Power, one of the largest PV panel producers in the world, is trying to make access to solar PV panels a bit easier locally by announcing the opening of a warehouse in Cape Town that will be able to store 500 kW of solar PV modules. The new warehouse will be expanded at a later stage to house 1 MW in panels.
Although Suntech only opened its doors in South African last year, it has supplied more than 8 GWs of photovoltaic panels to more than 80 countries since 2001. In February last year, it passes the 25 million mark in number of solar modules shipped worldwide.
“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, in a press statement.Advert
He added that it decided to open a warehouse in South Africa due to a larger demand for PV panels, especially from larger operations.
“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.”
In a recent transaction, Suntech was responsible for the supply of 100 MW PV panels to two different projects for the Department of Energy’s Renewable Energy Independent Power Producer Procurement Programme‘s (REIPPPP) bid round.
https://www.htxt.co.za/2015/03/25/new-cape-town-facility-could-see-solar-prices-plummet/
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