CORPORATE NEWS


DATE CORPORATE NEWS HEADLINES
September 1, 2010

Xinyu City, China: LDK Solar Files Suit Against Canadian Solar

LDK Solar has filed an objection for an Arbitration before the China International Economic and Trade Arbitration Commission (CIETAC) in Shanghai, China against Canadian Solar, Inc. (CSI), a provider of solar system solutions.

August 31, 2010

Newhaven, United Kingdom: Solar Semi Engineering Limited Acquires Edwards Chemical Management Europe

Solar Semi Engineering Ltd, a solar and semiconductor start-up company today purchased the business and assets of Edwards Chemical Management Europe Limited (CME) for an undisclosed sum.

August 31, 2010

Rochester Hills, MI, USA: Energy Conversion Devices Announces Results to June 30, 2010

Energy Conversion Devices today announced financial results for its fourth quarter and fiscal year ended June 30, 2010.

Total consolidated revenues for the quarter were $86.2 million, compared to $51.4 million in the fourth quarter of fiscal 2009, a 68% increase, and $72.4 million in the third quarter of fiscal 2010, a 19% increase.

August 24, 2010

Changzhou, China: Trina Solar Announces Second Quarter 2010 Results

Trina Solar announced today its financial results for the second quarter ended June 30, 2010. Solar module shipments were approximately 223 MW, compared to the Company's previous guidance of 200 MW to 205 MW, representing an increase of 15.7% sequentially and 248.7% year-over-year

August 23, 2010

Sulzemoos, Germany: Phoenix Solar to Enter US PV Market

German system integrator, Phoenix Solar AG has established a wholly-owned subsidiary under United States law and the location of its Americas headquarters in the high-growth solar market of the State of California.

August 19, 2010 Freiburg, Germany: S.A.G. Solarstrom AG Reports First Half 2010 Results

Freiburg based S.A.G. Solarstrom AG achieved earnings before interest and taxes (EBIT) of €4.5 million (same period in previous year: €0.4 million) for the first six months with sales of €85 million (same period in previous year: €31.6 million).
August 19, 2010 Baoding, China: Yingli Green Energy Reports Second Quarter 2010 Results

Total net revenues were RMB 2,699.6 million (US$398.1 million) in the second quarter of 2010, an increase of 10.2% from RMB 2,449.9 million in the first quarter of 2010 and 80.1% from RMB1,498.9 million in the second quarter of 2009.
August 18, 2010

Wuxi, China: Suntech Reports Second Quarter 2010 Financial Results

Suntech Power today announced financial results for its second fiscal quarter ended June 30, 2010. Total net revenues were $625.1 million in the second quarter of 2010, representing 6.3% growth sequentially and 94.8% year-over-year.

August 16, 2010

Roseville, CA, USA: Paramount Energy Solutions Acquires Solar Power Inc.'s Residential Business

Solar Power, Inc. has reached an agreement to sell its residential business serving Sacramento to Paramount Energy Solutions.

August 16, 2010

Xinyu City, China: LDK Solar Reports Financial Results for Second Quarter of Fiscal 2010

LDK Solar a manufacturer of multicrystalline solar wafers and PV products, today reported its unaudited financial results for the second quarter ended June 30, 2010. LDK Solar reported record quarterly revenue of $565.3 million, an increase of 62.7% sequentially and 147.6% year-over- year

August 13, 2010

Toronto, ON, Canada: Timminco to Form Joint Venture With Dow Corning

Timminco has agreed to form a joint venture with Dow Corning Corporation at its silicon metal production facilities in Bécancour, Québec. Dow Corning will acquire a 49% equity interest in a new joint venture entity that will own the existing silicon metal operations of Timminco's wholly- owned subsidiary, Bécancour Silicon Inc. ("BSI").

August 13, 2010

Niestetal, Germany: SMA Presents First Half 2010 Results

Today, SMA Solar Technology presented its financial report for the first six months from January to June 2010. With group sales of EUR 815.8 million and an inverter output sold of 3,146 MW, the data published today is slightly above the preliminary figures of July 6, 2010.

August 12, 2010

Bitterfeld-Wolfen, Germany: Q-Cells Announces First Half 2010 Results

Q-Cells SE total production volume of solar cells and thin-film modules was around 238 megawatts-peak (MWp) in the second quarter and thus 37 % higher than in the first quarter (174 MWp); the figure for the first half of 2010 amounts to 412 MWp.

August 12, 2010

Rochester Hills, MI, USA: Energy Conversion Devices Announces Manufacturing Capacity Realignment

Thin flim manufacturer, Energy Conversion Devices, Inc. is realigning solar manufacturing capacity in its United Solar business among its existing facilities as part of its overall cost reduction activities.

August 12, 2010

Sulzemoos, Germany: Phoenix Solar Announces Second Quarter Results

Phoenix Solar is reporting its strongest quarter in terms of sales and revenues since the founding of the company. In the second quarter of the financial year, Phoenix Solar sold just under 140 megawatt peak of solar modules.

August 12, 2010

Oldenburg, Germany: Aleo Solar Reports First Half 2010 Results

Aleo solar AG has generated revenue of EUR 277.0 million in the first six months of 2010. This means that aleo solar's revenue increased by 134.5% compared with the first six months of 2009 (EUR 118.1 million).

August 11, 2010

Hamburg, Germany: Colexon Publishes Second Quarter 2010 Results

In its half-yearly figures, Colexon shows an increase in turnover in comparison to last year's figures (pro-forma 2009: 60 million Euros) of 82% to 109.2 million Euros.

August 11, 2010

Xinyu City, China: LDK Solar Reports Financial Results for Second Quarter of Fiscal 2010

Record quarterly revenue of $565.3 million, an increase of 62.7% sequentially and 147.6% year-over- year.

August 10, 2010

Shanghai, China: JA Solar Announces Second Quarter 2010 Results

Revenue in the second quarter of 2010 was RMB 2.4 billion ($351.2 million), an increase of 25 percent from RMB 1.9 billion ($281.0million) reported in the first quarter of 2010 and compared with RMB 600.7 million ($88.6 million) in the second quarter a year ago.

August 9, 2010

Jiashan, China: ReneSola Ltd Announces Second Quarter 2010 Results

Wafer manufacturer, ReneSola today announced its unaudited financial results for the second quarter ended June 30, 2010.Second Quarter 2010 Financial and Operating Highlights included total solar product shipments at a record 258.3 megawatts, an increase of 6.6% from 242.4 MW in Q1 2010.

August 6, 2010

Nanjing, China: China Sunergy Announces Second Quarter 2010 Financial Results

During the second quarter of 2010, revenues increased 67.8% on a year-over-year basis, and 12.8% sequentially to US$117.6 million. Sales from solar cells, modules and other sales accounted for 96.1%, 1.6% and 2.3% of total revenues, respectively.

August 6, 2010

San Francisco, CA, USA: Suntech Announces Preliminary Second Quarter 2010 Financial Results

Suntech Power today announced preliminary financial results for the second quarter ended June 30, 2010, including the impact of restructuring the Company's Shanghai manufacturing facility and impairment charges related to its investment in Shunda Holdings Co., Ltd., a manufacturer of polysilicon and silicon wafers.

August 5, 2010

Merrimack, NH, USA: GT Solar Reports First Quarter Fiscal 2011 Results

Revenue for the first fiscal quarter totaled $135.2 million, compared with $194.7 million in the fourth fiscal quarter of 2010 and $71.8 million in the first quarter of last fiscal year.

August 5, 2010

Berlin, Germany: SOLON SE Announces Management Buyout of Austrian Subsidiary

As part of a management buyout, SOLON SE will spin off the core operations of its Austrian subsidiary SOLON HILBER Technologie GmbH (SHT).

August 5, 2010

Hamburg, Germany: Conergy Reports Preliminary Second Quarter 2010 Results

Conergy AG has published its preliminary results for the second quarter of 2010. Compared to the same quarter of 2009, the company raised its sales by about 50% to EUR 239.4M from EUR 160.9M.

August 3, 2010

Munich, Germany: CentroSolar Reports Second Quarter 2010 Results

With revenue of EUR 209 million and an operating result of EUR 21.1 million for the first half of the year, CentroSolar Group AG easily exceeded its previous year's figures (revenue EUR 122 million, earnings EUR -11.3 million).

August 3, 2010

Shanghai, China: Solarfun Reports Second Quarter 2010 Results; Hanwha Takes 49.99% Stake

Solarfun today reported total net revenues were RMB 1,752.7 million (US$ 258.5 million), an increase of 18.8% from 1Q10 and an increase of 105.1% from 2Q09.

August 3, 2010

Marlboro, MA, USA: Evergreen Solar Reports Second Quarter Results

Evergreen Solar revenues for the second quarter of 2010 were $84.5 million, up 7.7% sequentially compared to 2010 first quarter revenues of $78.5 million.

July 30, 2010

Hamburg, Germany: Conergy Reaches Financing Agreement with Banks

Conergy AG has reached an agreement with its banks to extend its loans to the end of 2011. The company says it expects to return to an annual operating profit again this year.

July 30, 2010

St Peters, MO, USA: MEMC Reports 2010 Second Quarter Results

MEMC Electronic Materials yesterday announced its financial results for the second quarter ending June 30, 2010. Net sales for the quarter were $448.3 million, up 2.4% from $437.7 million in the 2010 first quarter and up 58.5% from $282.9 million in the second quarter of 2009.

July 29, 2010

Tempe, AZ, USA: First Solar Announces Second Quarter 2010 Financial Results

Quarterly net sales were $587.9 million, up 12% from $525.9 million in the second quarter of 2009, due to increased production volumes and systems revenue, partially offset by a decline in pricing and lower euro exchange rates.

July 29, 2010

Scotts Valley, CA, USA: SolarMarkt AG Merges with Wurth Solar

SolarMarkt AG one of the largest European photovoltaic wholesalers and integrators, is merging with Wurth Solar, a leading European integrator and manufacturer of CIS thin film modules.

July 29, 2010

Bonn, Germany: SolarWorld Second Quarter Shipments Rise 90% Over Last Year

In second quarter 2010, SolarWorld AG group-wide shipments went up in comparison with the level of the same period of the previous year of 125 MW by 90 percent to 237 MW.

July 26, 2010

Hong Kong, China: Comtec Solar Projects Large Increase in Profitability

Wafer manufacturer, Comtec Solar Systems has announced the Group expected the unaudited consolidated profit attributable to owners of the Group for the half year to increase significantly compared to the previous corresponding period (1H2009).

July 22, 2010

Sandvika, Norway: REC Reports Second Quarter 2010 Results

Renewable Energy Corporation ASA (REC) reported revenue of NOK 2,758 million in the second quarter 2010, an increase of 17 percent from the first quarter 2010. REC saw strong overall market demand for all products in the quarter.

July 21, 2010

Santa Clara, CA, USA: Applied Materials to Restructure its Energy and Environmental Solutions Segment

Applied Materials today announced plans to restructure its Energy and Environmental Solutions (EES) segment to put a primary emphasis on opportunities in crystalline silicon (c-Si) solar and advanced energy, including light emitting diode (LED) technology.

July 20, 2010

El Cajon, CA, USA: Borrego Solar Systems Secures Financing for $20 Million PV Project

Borrego Solar Systems has secured financing from U.S. Bank and East West Bank to finance an approximately $20 million solar energy project for the San Diego Community College District (SDCCD).

July 14, 2010

Tempe, AZ, USA: First Solar Completes Acquisition of NextLight Renewable Power

First Solar has completed the acquisition of NextLight Renewable Power, LLC, a solar development firm formed by the inaugural fund of Energy Capital Partners, a private equity firm focused on investing in North America’s energy infrastructure.

July 13, 2010

Sulzemoos, Germany: Phoenix Solar Approves Capital Increase

With the approval of the Supervisory Board, the Executive Board of Phoenix Solar AG, Sulzemoos, Germany today set the volume of the capital increase at 670,200 shares at a placement price of EUR 32.00.

July 12, 2010

Nanjing, China: China Sunergy Provides Update on the Dispute With REC Wafer

China Sunergy today announced updates regarding the Company's dispute with REC Wafer Norway AS.

July 9, 2010

Boading, China: Yingli Green Signs Agreement with China Development Bank

Yingli Green Energy has entered into a strategic cooperation agreement with the Hebei Branch of China Development Bank, a government policy bank solely owned by China's central government, which contemplates potential credit facilities in the aggregate maximum amount of RMB 36 billion to be granted to the Yingli Group.

July 8, 2010

Austin, TX, USA: PowerFin to Fund Over $100 Million of Solar Projects

PowerFin Partners now has the capacity to fund over $100 million worth of commercial and utility-scale solar projects in the US and Canada.

July 7, 2010

Hong Kong, China: Solargiga Acquires 51% Interest in Qinghai Chenguang

Monocrystalline silicon solar ingots and wafers manufacturer, Solargiga Energy has entered into a cooperation agreement with the Xining Economic & Technology Development Zone Administration Committee on 6 July 2010 whereby the company intends to acquire 51% interest in Qinghai Chenguang New Energy Co., Ltd.

July 7, 2010

Edgewood, NY, USA: Direct Grid Technologies Receives $4.7M in Private Equity

Direct Grid Technologies, LLC, manufacturer of photovoltaic micro-inverters and related monitoring systems, has secured $4.7 million in private equity financing.

July 6, 2010

Niestetal, Germany: SMA Raises Forecast; Estimates 14 GW Global PV Market in 2010

The Managing Board of inverter manufacturer, SMA Solar expects a stronger worldwide market growth in 2010 of up to 14 GW (previous assumption: 9 to 11 GW). SMA will maintain or even slightly increase its market share in 2010. SMA anticipates moderate price pressure for solar inverters.

July 1, 2010 Jiashan, China: ReneSola Announces Preliminary Second Quarter 2010 Results

Total solar product shipments for Q2 2010 are expected to be in the range of 250 MW to 260 MW, exceeding the Company's previous guidance range of 230 MW to 250 MW and representing an increase of 3.1% to 7.3% from 242.4 MW in Q1 2010.

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