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Shunfeng Media Scan for March 26, 2015
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Suntech South Africa Facility on Hold for Fourth Round REIPPPP Announcement
Mar 26, 2015 | PV Tech
By Adithi Rajagopalan
Chinese manufacturer Suntech has confirmed that a proposed new manufacturing facility in South Africa remains on hold until details of the fourth round of the country’s national renewable energy programme are finalised. -
Shunfeng Clean Energy purchases 51% of stock rights from LatticePower
Mar 26, 2015 | OF Week
After spending RMB 3 billion buying Wuxi Suntech, Shunfeng International Clean Energy Limited (SFCE) further expanded its acquisition. It announced in the evening of March 23 that the company signed Memorandum of Understanding (MoU) with LitticePower to purchase 51% of the stock rights from the latte -
SFCE to Acquire 51% Stake in Lattice Power
Mar 26, 2015 | Made In China
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.
Suntech News
SFCE Press Release
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Suntech South Africa Facility on Hold for Fourth Round REIPPPP Announcement
Mar 26, 2015 | PV Tech
By Adithi Rajagopalan
Chinese manufacturer Suntech has confirmed that a proposed new manufacturing facility in South Africa remains on hold until details of the fourth round of the country’s national renewable energy programme are finalised.
The company has told PV Tech that it is still considering establishing the facility, but is awaiting clarification of the local content rules in the fourth round of the renewable energy independent power producer programme (REIPPPP) before proceeding.
An announcement of successful bidders in the latest round of South Africa’s flagship programme has been on hold since late November 2014 when it had widely been expected. Concerns have been raised that the ongoing delay will dampen the appetite for investing in South Africa.
In a statement to PV Tech, Joy Zheng, Suntech's Africa and South Asia director, said it was still considering a plan revealed last year to establish a manufacturing hub in South Africa and had researched several potential sites.
She said that although a round-four announcement was expected "soon", its final decision was subject to the local content rules specified when the round-four bidders are published.
Wido Schnabel, spokesman for South African Photovoltaic Industry Association said there were concerns that some developers in the first three rounds of the REIPPP had sidestepped local content rules. He said SAPVIA was looking for local content guidelines for the fourth round to be clarified.
Zheng said South Africa remained Suntech's “target market” in Africa, but she mentioned Nigeria and Kenya as African markets the company was looking at.
“We’re hoping the dynamic changes in oil prices will affect the government decision-makers in both Nigeria and Kenya, allowing for greater solar development,” Zheng said.
Suntech supplied 100MW of modules for the De Aar and Droogfontein PV projects built by Mainstream Renewable Power under round one of the REIPPPP. Both plants were opened last year.
http://www.pv-tech.org/news/suntech_facility_on_hold_for_fourth_round_reippp_announcement
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Shunfeng Clean Energy purchases 51% of stock rights from LatticePower
Mar 26, 2015 | OF Week
After spending RMB 3 billion buying Wuxi Suntech, Shunfeng International Clean Energy Limited (SFCE) further expanded its acquisition. It announced in the evening of March 23 that the company signed Memorandum of Understanding (MoU) with LitticePower to purchase 51% of the stock rights from the latter and became the controlling shareholder. This action is believed to be a significant step for SFCE to stride forward to the clean energy field and its business is successfully expanded from solar energy to lighting and LED fields.
The data shows that LitticePower focuses on producing LED chips which can be widely used in general lighting, display screens, LCD backlight and the industry. It is a world leading enterprise which masters the silicon base GAN epitaxial growth and chip processing technology. The company’s high-performance LED lighting products can save 50%-80% of energy compared with general lighting. It manufactured 100 million of LED light bulbs in 2014.
SFCE noted that this acquisition enabled the company to make an important step to be a global low-carbon solution provider. The silicon base GAN technology which is exclusively owned by LitticePower has obvious cost advantage over sapphire substrate technology LED; the company now has more than 200 patents and SFCE’s global low-carbon energy conservation solution will bring great profit growth.
http://global.ofweek.com/news/Shunfeng-Clean-Energy-purchases-51-of-stock-rights-from-LatticePower-27012
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SFCE to Acquire 51% Stake in Lattice Power
Mar 26, 2015 | Made In China
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."
http://resources.made-in-china.com/article/industry-view/hQLnVouHOJid/SFCE-to-Acquire-51-Stake-in-Lattice-Power/
Semiconductor-Today: http://www.semiconductor-today.com/news_items/2015/mar/sfce_240315.shtml
Suntech News
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