Solargiga Energy Holdings Limited: Tender for 13.5 MW
Solargiga Awarded Tender for 13.5 MW Golden Sun Pilot Project
Hong Kong, Nov 19, 2009 - - China's leading monocrystalline silicon solar ingots and wafers manufacturer, Solargiga Energy Holdings Limited ("Solargiga" or the "Company", Stock Code: 757, and its subsidiaries, the "Group") announced that the Group has been granted a tender for13.5 MW photovoltaic power generation pilot project under the "Golden Sun Programme" to be implemented by the Chinese government, following the Group's success in commencing power generation of its 300kW photovoltaic pilot project in Jinzhou.
In accordance with the "Notice on the Successful Implementation of Photovoltaic Project of Golden Sun" ("the Notice"), a statement jointly issued by Ministry of Finance, Ministry of Science and Technology and Bureau of Energy, the Chinese government willimplement a total of 642 MW photovoltaic power generation pilot project under the "Golden Sun Programme" in the next two to three years, of which 16.5 MW photovoltaic power generation project will be carried out in Liaoning Province.
According tothe Notice, Jinzhou Yangguang Company Limited, a wholly-owned subsidiary of Solargiga, has been awarded the tender of 13.5 MW photovoltaic power generation project, accounting for over 80% of the total generating capacity of the project to be implemented in Liaoning Province. The project includes large-scale on-grid photovoltaic power generation, user-side on-grid photovoltaic power generation and user-side roof-mounted photovoltaic power generation with power generating capacity of 10 MW, 3 MW and500 kW respectively.
Mr. HSU You Yuan, CEO and Executive Director of Solargiga, said, "The Golden Sun Programme is strongly supported by Ministry of Finance, Ministry of Science and Technology and Bureau of Energy, hence it has set high requirement on the technology and product quality fronts. The success of Solargiga in getting over 80% of the total power generating capacity of the project to be implemented in Liaoning Province marks the recognition of our advanced technological know-how, representing a significant milestone of the Group in diversifying its business to downstream supply chain. With its continuous efforts in developing the downstream business, the Group strives to maintain a sustainable growth and to capture market opportunities with a view to generating the best returns to our shareholders."
About Solargiga Energy
Solargiga Energy Holdings Limited (stock code: 757) is a leading manufacturer of monocrystalline silicon solar ingots and wafers in the People's Republic of China ("PRC"). In addition to the offering of monocrystalline silicon solar ingots and wafers, the Group has extended into the manufacture of multicrystalline silicon solar ingots and wafers, the production and sales of photovoltaic modules as well as installation of photovoltaic systems in 2009. Our products are used for the manufacture of photovoltaic cells which are important components of solar energy generation systems. Currently, our annual monocrystalline and multicrystalline silicon solar ingot and wafer production capacity are 200 MW and 20 MW, respectively, while the annual capacity of photovoltaic modules is 25 MW.
The Group operates its major production facilities of solar ingot and wafer in Jinzhou, Liaoning Province, the PRC. In addition, the Group operates polysilicon reclaiming and upgrading facilities in Shanghai and Jinzhou which currently had an aggregate annual designed production capacity of 4,200 tonnes. Already a market leader in the PRC, the Group aspires to be the world's largest monocrystalline silicon solar ingot and wafer producer as well as one of the key players in multicrystalline silicon solar product business through rapid capacity expansion and technology upgrade. Since 2009, Solargiga has started to develop its downstream solar module and system installation businesses through the formation of joint venture company in Jinzhou as well as the proposed acquisition of module and system installation business in Taiwan to realize vertical integration. Please visit www.solargiga.com.
Issued by Porda International (Finance) PR Group for and on behalf of Solargiga Energy Holdings Limited.
Source: Solargiga Energy
Ms. Helen Chung
Tel: +852 3150 6730
Ms. Kylie Yeung
Tel: +852 3150 6770
Ms. Cara Pang
Tel: +852 3150 6736
Ms. Abbey Zhao
Tel: +852 3150 6752