English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 29 March 2010, 15:31 HKT/SGT
Share:
    

Source: Anwell
Anwell Begins Mass Production of Solar Panels

SINGAPORE, Mar 29, 2010 - (ACN Newswire) - Anwell Technologies Limited ("Anwell" or "Group"), a global supplier of advanced manufacturing equipment and process technologies for optical disc, OLED and solar industries is pleased to announce its official entry into the solar industry as it begins mass production of amorphous silicon ("a-Si") thin film solar panels using its in-house developed Sunlite turnkey production line.

A unique aspect of Anwell's equipment is that it allows for the upgrading of its existing capabilities without purchasing a separate new line, representing substantial cost savings as it plans to increase its capacity to 120MW by the end of 2010. The added flexibility will also prove invaluable as the Group markets its turnkey solar equipment, offering companies that are keen to enter the solar industry the added benefit of tailoring their investment according to their available funds and customer demand.

"I am proud to announce that Anwell has again made the impossible possible with this latest development. The successful commencement of mass production is yet another affirmation of the Group's technical capabilities and places us in a position to benefit from the growing demand for solar panels across the globe," said Franky Fan, Anwell Executive Chairman & CEO.

"This achievement is all the more memorable considering the fact that we entered the solar industry only 2 short years ago. Our unique vertically integrated business model, where we produce both the production line and thin film solar panels, also gives us a distinct advantage in terms of cost and quality control over our competitors."

Positioned for growth

The global photovoltaic industry remains robust with solar installation increasing another 6% to reach a record high of 6.43GW in 2009, according to figures released by Solarbuzz, an international solar energy market research company. Demand for new installations was led by European countries, which accounted for 74% or 4.75GW of world demand.

"Given the strong governmental push for solar installations and heavy reliance on imports of European countries, we believe it is an ideal market for us to sell our solar panels. The German distribution centre we set up in late 2009, has already paved the way for this growth,' said Fan. "The marketing contacts and channels established over the last few months will allow us to immediately partake in this huge demand for solar panels in Europe market."

According to Displaybank, a global market research and consulting company, thin film solar panels are also gaining in popularity against the more established crystalline silicon panels. Thin film solar panels made up 19.8% of globally produced solar panels in 2009, up from a 12.8% market share in 2008. This growth trend is expected to continue into 2010, where thin film solar panels are forecast to make up to 23.4% of the 12.1GW worth of total production.

Contact:
Ken Wu, CFO
Anwell Technologies Limited
Tel: +852 2499 9178
Fax: +852 2499 9170
E-mail: kenwu@anwell.com

Kamal Samuel/ Adrian Seah
Financial PR Pte Ltd
Tel: +65 6438 2990
Fax: +65 6438 0064
E-mail: kamal@financialpr.com.sg


Topic: Press release summary
Source: Anwell

Sectors: Solar, Alternative Energy
https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Anwell Related News
July 25, 2011 20:20 HKT/SGT
Dongguan Government Invests RMB700 Million in Anwell's Subsidiary for the Development of a Solar Panel Plant in Dongguan
July 19, 2011 18:20 HKT/SGT
Anwell Breaks into India Solar Farm Market with US$20 million Thin Film Solar Panel Order
June 23, 2011 18:13 HKT/SGT
Anwell Secures RMB500 Million Long-term Funds for Second Solar Panel Plant in Dongguan
June 21, 2011 16:50 HKT/SGT
Anwell to Ramp up Solar Panel Production Capacity with Long-term Government Funding of RMB700 million
Sept 20, 2010 20:58 HKT/SGT
Anwell Received Deposit for Solar Module Order of at Least 180MW
More news >>
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575