Suntech Power Holdings Co., Ltd. (ADR) (Public, NYSE:STP), Yingli Green Energy Hold. Co. Ltd. (ADR) (Public, NYSE:YGE) and First Solar, Inc. (Public, NASDAQ:FSLR) are all Chinese companies that are involved in the solar power energy market. First Solar demonstrates that they have broken the $1 per watt manufacturing barrier. Suntech powers homes, and Yingli watches its carbon footprint.
First Solar is the largest manufacturer of thin film solar modules in the world. They run with a goal of clean, affordable and sustainable energy. They have expanded their manufacturing capacity to run at a rate of 55.7MW per line in the first quarter of 2010. Their goals have driven the company to dominate the market and look into the future of solar power. First Solar is trying very hard to drive down the cost of solar electricity to rates comparable with traditional fossil fuel energy sources. They are getting closer to their goals, and at this rate, solar could surpass fossil fuels as the cheapest form of energy. Some solar modules that First Solar is offering to its customers is the FS Series 2 PV Module, which was the first module to break the $1 per watt manufacturing cost barrier. In 2010, the company brought to light their FS Series 3 PV Module. The Series 3 delivers a higher efficiency of electricity and accommodates new Balance of Systems layouts. To check out more of First Solar’s products and services, check them out at http://www.firstsolar.com. The company trades on the NASDAQ for $137.94 per share. The company is valued at $11.79 billion.
Suntech Power Holdings develops, manufactures and delivers reliable, cost effective solar energy solutions. The company was founded in 2001 by Dr. Zhengrong Shi, a leading solar scientist. Suntech has diversified their portfolio in the solar market by offering solar energy for off-grid systems, government, homes and large solar plants across the world. The company has offices in over 13 countries and their solar modules have been installed in over 80 countries. One of the unique products that Suntech offers is the Ab & Ad+, which offers residential users 175-190 watts of electricity. These solar panels are made from monocrystalline silicon, come with a 25-year warranty, lower power bills, and are ideally set up on the roof of a house. To check out the rest of the company’s line-up, check out their website at http://www.suntech-power.com/. Suntech Power Holdings trades on the NYSE for $10.87 per share. The company is valued at $1.96 billion.
Yingli Green Energy is a leading solar energy company and one of the world’s largest integrated photovoltaic manufacturers. They develop, manufacture and sell PV modules to Germany, Spain, Italy, Greece, France, South Korea, China, and the United States. Yingli has more than 10 offices worldwide, with their headquarters in Baoding, China. Fine Silicon, a subsidiary of Yingli, is their in-house polysilicon manufacturing facility which commenced trial production in December of 2009. The facility is state-of-the-art and was designed for an annual production capacity of 3,000 MT. This facility takes a different approach to the manufacturing process. Fine Silicon does not use any chlorides or TCS, which makes this facility environmentally conscious. To view some of Yingli’s products, check out http://www.yinglisolar.com/. Yingli Green Energy is traded on the NYSE for $12.25 per share and has a market cap of $1.80 billion.
Solar power is gaining momentum in the marketplace. Breaking the $1 per watt ratio is only the beginning. People say that solar is not efficient enough and it is just too expensive. This reminds me of a stigma that existed not too long ago with computers. Computers used to be huge, inefficient and slow. Now computers are getting faster, smaller and more efficient. Any computer owner will tell you that it seems like their new computers get outdated every 6 months. Solar will overcome other energies because solar power is technology. In the future, fossil fuels will be a thing of the past and people will wonder how they ever lived without solar power.
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