August 28, 2009

Hangzhou, China: Astronergy Wins Bid for 2 MW Photovoltaic Project

Astronergy has won a 2 MW rooftop PV project located in Hangzhou Energy and Environment Industrial Park through a competitive and selective bidding process. This project is fully financed by China Energy Conservation Investment Corporation, and is Zhejiang Province's first large-scale on-grid PV plant.

The industrial park is situated in the northeast corner of Hangzhou city, covering an area of 23.8 square kilometers. The rooftop of the Green Science and Technology Hall will be among the first to incorporate building-integrated PV (BIPV) technologies.

Astronergy's high efficiency tandem thin film PV modules with a light transmission rate of 30% will be used for the Hall's 58 square meters sunroof. The company says this thin film PV module is also highly resistant to harsh climate conditions such as strong winds and heavy rainfall.

The Energy Conservation Hall on the other side of the industrial park will also employ Astronergy's high efficiency thin film PV modules on its 265 square meters curved building wall.

Astronergy will design and install the entire project with a combination of crystalline silicon based modules and high efficiency tandem thin film PV modules. This project will be completed by September 30, 2009.

The Chinese government put forth the Golden Sun program on July 22nd, 2009 to financially support the growth and development of the domestic PV market and industry. Under this policy, the government plans to finance at least 500 MW in various PV stations and projects in a two to three year timeline.

"This program will create many excellent opportunities such as this project to showcase Astronergy's revolutionary new thin film technology, which will help us to differentiate ourselves and to establish our position in the industry," said Dr. Liyou Yang, CEO of Astronergy.

Founded in 2006, Astronergy is based in Hangzhou, Zhejiang. The company is one of the first in the world, and the first Chinese company, to bring mass production of second-generation amorphous silicon/microcrystalline silicon tandem junction thin film technology (a-Si/uc-Si) to market. Astronergy is led by a global management team with a half-century of experience in thin film research & development. In June 2009, it inaugurated its first 30 MW a-Si/uc- Si mass production line, and expects to reach 1 GW production capacity by 2012.

Further details about: Astronergy