Solar power related counters

[noname88]

Does anyone know any solar power related counter in KLSE?

[uyafr]

...

[jaguar]

nuclear related??

[Chandra]

nuclear related??

Not nuclear...........solar bro..As i know there is 1 company at Kulim known as First Solar...i justed checked...bt then not listed in bursa.

[noname88]

Yeah I know that company... Its a US based company making photovoltaic cells for the panels
It grew so fast that its kept adding new buildings. The site now is even bigger than Intel.

[jaguar]

i know la..just wondering if any nuclear related cmpny here

[ahbah]

Does anyone know any solar power related counter in KLSE?

Please check PIE.

[rkumar]

None of the 3 solar plants that are operational or will be operational are listed on the KLC. There is First Solar in Kulim, Q-Cell in the Selangor Science Park 2, Cyberjaya and Sunpower in Malacca.

The solar panel plant is big because they need the space for the fabrication of the panels. Don't get excited if it is bigger than Intel. It is like comparing making cars to ship building. At this time, solar energy is not a good alternative with current oil prices. Oil needs to be above USD 80 or USD 90 for it to be feasible.

These companies are trying hard to break even at this time. Even Q-Cells has scaled down from their original plans. The only hope for you to have any solar related counters are those that provide testing equipment to these companies. I do not have any names off hand but there was an article some time back in the Edge last year.

Yeah I know that company... Its a US based company making photovoltaic cells for the panels
It grew so fast that its kept adding new buildings. The site now is even bigger than Intel.

[noname88]

Thanks for the info rkumar, they are insightful...

Actually its not the plant size but the articles I came across which makes me believe that this could be a lucrative industry in the near future. Its a known fact that O&G is a commodity that will be depleted eventually and price will be driven to a level so ridiculously high that it may become unaffordable to certain nation. They'll be forced to adopt all other available alternative energy source to sustain their daily lives. This is especially true for energy hungry nation like US who are already ramping in terms of adoption to such energy source. Even China government is heavily promoting it.

I think all the scaling back is quite in line with the worldwide economy meltdown. The demand for everything is just not there. So it shouldn't be a surprise. Anyway see below on some of the related articles...

http://www.google.com/hostednews/ap/article/ALeqM5gL671vFF5wZombQISNdBB2YmfLEwD990FPHO0

http://biz.thestar.com.my/news/story.asp?file=/2009/7/22/business/4365634&sec=business

I've been monitoring this stock STP from NYSE. Up 3x since March...

[noname88]

Fresh from CNN.... more and more player are recognizing the importance of solar energy, including the presently world biggest company

Get a piece of the action my friends...

==============================

GE: Solar business is our 'next wind'


September 24, 2009 -- Updated 1424 GMT (2224 HKT)

(CNET) -- General Electric plans to give its solar business a charge in two years with the introduction of panels with the same solar cell material used by industry cost leader First Solar.

In 2011, the energy giant expects to produce solar panels made with cadmium telluride, a thin-film solar cell material, said Michael Idelchik, vice president of advanced technologies at GE Global Research at the EmTech conference here on Wednesday.

The company now sells solar panels that use silicon solar cells, but its long-term bet is on thin-film and specifically cadmium telluride because it offers the cheapest cost per watt, he said.

Last year, GE's energy division took a majority stake in Golden, Colorado-based PrimeStar Solar, for its cadmium telluride cell technology. GE is now developing a product around that aimed at utility and commercial customers.

Solar at GE is a relatively small part of its sprawling energy portfolio, which covers everything from nuclear power plants to natural gas turbines. But GE expects that solar has the potential to grow rapidly, as its multi-billion dollar wind business has done over the past five years.

"Solar is definitely the next wind for us. It's not there yet but it's moving very rapidly," said Idelchik. Solar is more expensive than wind right now, but GE expects that renewable energy mandates will help drive growth and bring costs down, he said.

Thin-film solar cells offer lower production costs than the incumbent silicon because thin-film cells use far less material.

Over the past five years, several solar companies have formed to make thin-film cells from a combination copper, indium, gallium, and selenide (CIGS), which are still not in the market in high volumes. GE's cells will be made from a compound of cadmium and tellurium.

Silicon cells are durable and more efficient at converting sunlight to electricity than thin-film solar cells with the most efficient commercial silicon cells over 20 percent. But GE Research projects that it can boost the efficiency of cadmium telluride to 12 percent and potentially higher, Idelchik said.

"We are excited about it because it can produce in diffuse light," he said. "The module (panel) life is 20 years -- that's what the customer wants. It has the right production costs and right efficiency target."

Asked how its cadmium telluride products will differ from First Solar's, Idelchik said that GE's device would be more "flexible for customers." During his presentation, Idelchik said that GE is looking at ways at managing an entire solar array in a large installation built by a utility or commercial customer.

After his talk, he said that GE is developing technology to recycle the solar cell material, as cadmium is a very toxic if it enters the environment.

[junjun40]

Not nuclear...........solar bro..As i know there is 1 company at Kulim known as First Solar...i justed checked...bt then not listed in bursa.

I was there 2 months ago... manufacturing solar heaters .. heard is owned by wife of Semi Value

[junjun40]

Noname, the solar theme has been in the air for some 3 years already.

No much headway, but the future is there

STP, can buy ar?

[junjun40]

Please check PIE.

Ah bah, I was shocked to see PIE calling at 4 plus now.

Time flies

[noname88]

Noname, the solar theme has been in the air for some 3 years already.

No much headway, but the future is there

STP, can buy ar?

I believe alternative energy will be more widely accepted in years to come... adoption takes time... nowadays many housing projects in malaysia also start to have solar panel pre-installed for you as part of the package...
Yesterday on 8pm news, there's this foreign guy who sells chicken roasted using solar power and it takes him only 10-15 minutes... he streamlined the solar power using mirrors, not converted using PV cells... just imagine, these sort of energy source you don't have to worry about purifying, waste, carbon dioxide, carbon monoxide, and most importantly, its free ! and the freakin sun is getting hotter and hotter ...

I bought small amount only at $16... my next target is LVS, I managed to sell my intc at 20 few days ago, now waiting for LVS to pullback a little more before entering...

[rkumar]

Unfortunately, all the solar related companies that have opened in Malaysia are all US and German based. To the joker who think First Solar is half owned by Semi Velu, please get your facts right. You must be on drugs.

I did see the guy on CNN how he was using the power of the sun to cook the chickens. It is interesting. I hope the Malaysian government also see the potential in wind turbines to generate electricity. These are big in Europe and the US. I am confident once oil get on the upside again, alternative energy will be key.

I believe alternative energy will be more widely accepted in years to come... adoption takes time... nowadays many housing projects in malaysia also start to have solar panel pre-installed for you as part of the package...
Yesterday on 8pm news, there's this foreign guy who sells chicken roasted using solar power and it takes him only 10-15 minutes... he streamlined the solar power using mirrors, not converted using PV cells... just imagine, these sort of energy source you don't have to worry about purifying, waste, carbon dioxide, carbon monoxide, and most importantly, its free ! and the freakin sun is getting hotter and hotter ...

I bought small amount only at $16... my next target is LVS, I managed to sell my intc at 20 few days ago, now waiting for LVS to pullback a little more before entering...

[noname88]

Germany’s Phoenix Solar plans office in Malaysia

SINGAPORE: Phoenix Solar AG, one of Europe’s largest solar power developers, is in talks to partner with a Chinese firm to push its business in China, said a company executive.

The German solar systems builder is also looking for opportunities elsewhere in Asia and may open an office in Malaysia, which recently announced a plan to offer new solar incentives.

“Asia has huge growth prospects because so far it is so under-penetrated,” Christophe Inglin, Phoenix’s managing director for Asia-Pacific, told Reuters on the sidelines of a clean energy conference in Singapore.

“We will definitely open an office in a country like Malaysia if the right conditions are in place,” he said.

Malaysia had announced earlier a plan to implement a feed-in tariff like Germany to enable users to invest in solar systems and sell excess power to the grid.

Like most in the sector, Phoenix was not immune to the collapse in demand for solar products after funding for projects turned scarce. But the company is set to take advantage of opportunities in growth markets including France and Greece, where state subsidies are driving demand.

That contrasts with Germany, Phoenix’s biggest market, which is expected to announce new cuts in solar subsidies next year.

Goldman Sachs expects solar demand in France to expand 125% in 2009 after more than doubling last year. In Greece, demand growth is expected at 400%, after recording expansion of 900% in 2008.

China leads the region, with growth seen at nearly 500% this year, according to Goldman Sachs.

“In developing markets we have to be opportunistic,” said Inglin. “It’s very difficult to predict where new markets will crop up.”

The company is in talks with a Chinese firm to help boost its business on the mainland.

Asia business currently represents just over 1% of total company revenue. But Inglin hopes to grow this to more than 5% in three years. “I see no reason why it can’t if you start at a very low base,” he said. — Reuters

[noname88]

Besides those photovoltaic cells panel as raw material, the other "raw material" comes at 0 cost...
Ought to be a good profit margin business...

Berjaya Corp plans solar power plant
Berjaya Corp said it plans to develop Malaysia’s first large-scale solar photovoltaic power plant in central Selangor state, estimated to cost about RM180 million.

The 10-megawatt plant, to be located on a 50-hectare site, will be ready by 2011 and be able to generate power to supply electricity to 3,000 homes, it said in a statement today.

The project is a “precursor” to developing a 50-megawatt solar photovoltaic power plant in the future should the first plant be successful, it said in a statement today. - Bloomberg

[ten10]

etitech ma play solar energy lor...

[rkumar]

Etitech is doing batteries lar.

etitech ma play solar energy lor...

[ten10]

ETI TECH ANNOUNCES LITHIUM BATTERY STORAGE FOR SOLAR HOME
 Thursday, 01 October 2009 12:19

Kulim Hi-Tech Park, Malaysia (29 September 2009) - ETI Tech (M) Sdn Bhd ("ETI Tech"), a wholly-owned subsidiary of ETI Tech Corporation Berhad, a company listed on the ACE Market of Bursa Malaysia Securities Berhad, today unveiled a revolutionary technology involving the replacement of lead acid battery with Lithium-based battery for storage of renewable energy from the sun. Today, global efforts to reverse the adverse impact of global warming involved not only maximizing the generation of power from renewable energy sources but also the utilisation of environmental-friendly and efficient methods of storing the power generated from these energy sources.

ETI Tech is a home-grown green technology company pioneering the use of environmental-friendly energy storage products in Malaysia. ETI Tech is proud to be the first in the world to start the commercialization of the Solar Home powered exclusively by ETI Tech's Lithium-Polymer based battery system that can fully charge in one (1) day and store the required daily capacity needed by one (1) family. A typical ETI Tech Solar Home system is made up of a Solar Panel, CCCV controller, Inverter and Lithium Battery.

Under similar testing conditions, ETI Tech's Lithium-Polymer based battery system only requires the full effective solar radiation per day to charge the battery at its optimum load capacity. In comparison, lead acid based batteries, which are widely recognized to be harmful to the environment and proven to be of great health hazard to humans, typically require three (3) times longer to generate the same amount of energy capacity for one day load requirement. The superior performance of ETI Tech's Lithium-Polymer based battery system is attributable to ETI Tech's intelligent Battery Management System that provides an optimum charging and discharging characteristics under any given conditions, while the Lithium-Polymer based battery optimises energy absorption from the Solar Photovoltaic ("PV") panels. The net result is tremendous cost savings as ETI Tech's Lithium-Polymer based battery system dramatically reduces the number of Solar PV panels and amount of battery storage to generate the same absorption capacity and store the energy at the same rate when compared to lead acid based batteries.

ETI Tech is targeting initiatives involving community level electrification development to boost "green" rural electricity generation. Such initiatives will stimulate both the supply and demand for renewable energy, optimise the storage of absorbed solar energy, minimise the use of Solar PV panel, minimise the amount of battery storage, but more importantly, eliminate lead acid based battery that is harmful to the environment and to humans. With many sparsely-populated rural areas in the country, especially in East Malaysia, we firmly believe our environmental-friendly Lithium-Polymer based battery system will contribute positively to the promotion of renewable energy that will ultimately bring benefits to both the environment and communal economy.

[Trader101]

ETITECH from a technical point of view looks really good. Daily MACD is still on the Buy region. Weekly MACD, the 26 week is about to cross the 12 week line. For me, its the later that's a bigger convincer since it's indicative of a longer term. Also, if you check out the price history, it's at a very cheap price. Anyone got any fundamentals on this counter?

[Trader101]

ETITECH strong buy rate    BIG BUYERS coming in...

[uyafr]

becareful with ETITECH, at current price, it is high enough already. They dont even manufacture their own Battery, all bought from China manufacturer so there is no trade secret, other people also can sell the same thing. ETITECH is just a buy and sell company.

[Trader101]

Interesting. Why would you say its already at its high? Based on historical charts, its at quite a low price already. Also, PE ratio is at about 16. I think what's nice about this company is it's green energy drive. Their into "lithium polymer batteries a.k.a green batteries" The batteries are set to replace the commonly used lead acid batteries.  Anyway, I went in at 0.45 already last week.

[dosn]

etitech is going up
last time i bought @ 0.480 and sell @ 0.545
history is repeating...

[alivecmh]

what a handsome profit !! thx to etitech bought in the morning n  sold all at highest price good luck to those who still holding happy CNY to everyone

[Trader101]

Still can go higher, the trends just starting mar 

[alivecmh]

sigh. etitech continue to surge !!.

[dosn]

Team, FALLBACK... SELL Etitech Now. 

[Trader101]

It has already been heavily sold off couple of months ago by a Dubai based company due to the Dubai financial crisis. So, major sellers are done selling? Anyway,I think Etitech should be set to expand in the future in line with the hype for more environmentally friendly energy sources. So I think there should be a long term prospect for this industry. Just my 2 cents though  

[ten10]

Fellow Investor,

First it was drug makers.

Then makers of laptops and cell phones and all sorts of new portable electronic devices piled on and now...the automobile makers!


Now every carmaker in the world is
scratching and clawing for the same miracle element -- lithium --
because they need it to make their cars of the future run.
GM's future rests squarely on the shoulders of its 2010 Chevy Volt, which comes equipped with a lithium-ion (Li-ion) battery.


BMW plans to launch its remodeled lithium-ion battery-powered 750i luxury sedan to the Japanese in 2010. In 2009, BMW produced 500 all-electric MINI Es using Li-ion batteries.


Toyota plans to launch plug-in hybrid Priuses with Li-ion batteries in 2010.


Mercedes-Benz plans to launch its S400 Blue HYBRID with Li-ion battery.


Ford's Escape plug-in hybrid is coming out in 2012.


Nissan is set to put 65,000 lithium-ion batteries in their cars in 2010.


The Tesla Roadster... Chyrsler EcoVoyager... Dodge ZEO... Jeep Renegade... Saturn's Flextreme... all of them are using lithium-ion batteries.
Laptops, cell phones, iPods, wireless technologies running the internet, power tools, medical devices, watches, digital cameras ­ they all use lithium, too. So of course, battery makers are under pressure to secure huge supplies of lithium.

But you probably already knew demand for lithium is off the charts and soaring with no end in sight.

(extracted source)

[noname88]

If there's any related company listed in Bursa, do let everyone know so that we can all "kasi hantam sama dia"

I'm in for SOLR and STP in US market...

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Bright FDI prospects for Malaysia
Malaysia expects to attract at least three more big investments from foreign companies involved in the solar energy industry this year.

The three foreign direct investments (FDIs), averaging RM1 billion each, are expected to come from the US, Japan and Europe.

"We're also trying to woo potential investors from Japan, the US and Nordic countries," Malaysian Industrial Development Authority director general Datuk Jalilah Baba said in an interview.

Malaysia has identified renewable energy as a new driver for economic growth. Solar energy is essentially the conversion of sunlight into electricity.

So far, Malaysia has managed to attract a few large firms like solar panel makers First Solar, Q-Cells and Sunpower.
The emergence of major solar companies in Malaysia such as First Solar, Q-Cells and Sunpower, has spurred the growth of the solar value chain, opening up new opportunities for both local and foreign investors in developing the solar cluster.

These companies, which have their respective factories located in Kulim Hi-Tech, Malacca and Selangor, have also been a magnet to others to follow their tracks to Malaysia.

Last week, China-based EQ Solar Technology International Sdn Bhd announced plans to invest US$500 million (RM1.7 billion) to produce module, cell and wafer at the Senai Hi-Tech Park in Johor.

A subsidiary of Hangzhou Energy Solar Co Ltd, EQ Solar is the first China-based solar module manufacturing company to invest in Malaysia.

Others include the US-based Twin Creeks Technologies Inc's proposed plans in Perak and Japan's Tokuyama in Sarawak, which processes silica for the solar industry.

Jalilah expects all the states in the country, with the exception of Perlis and Kelantan, to have companies involved in the industry by 2012.

The two states need to improve their infrastructure to attract solar energy investors, she said.

Pahang and Selangor have raw materials like silica and glass while Terengganu could supply specialised plastic material.

Jalilah said after introducing the high-end wafer fabrication industry, it would only be natural for Malaysia to advance into similar high-end industries like the solar industry.

This is because the semiconductor industry and the solar energy industry share the same raw material, which is silicon, among others.

Malaysia, she stressed, can take the lead of being the solar hub in the Asean region. However, what is crucial is how much Tenaga Nasional Bhd would pay for solar power that's connected to the national grid.

[uyafr]

becareful with ETITECH, at current price, it is high enough already. They dont even manufacture their own Battery, all bought from China manufacturer so there is no trade secret, other people also can sell the same thing. ETITECH is just a buy and sell company.

game over ?

[Trader101]

Dali wrote a good review of this counter on his blog. We'll see how it goes in the long term 

[sohkeong]

Dali wrote a good review of this counter on his blog. We'll see how it goes in the long term 

well,  i should say he was "paid" to write good review on this counter..ahem ahem**.. something that money can buy dude~!

[Trader101]

well,  i should say he was "paid" to write good review on this counter..ahem ahem**.. something that money can buy dude~!

Lol... maybe 

[noname88]

Hong Kong's Sun Bear Solar will invest RM5.2 billion in Malaysia to produce solar glass for the photovoltaic industry

Malaysia's first solar glass manufacturing plant in Kota Kinabalu, Sabah, which will cost its promoters RM5.2 billion to build, is expected to be operational in the first quarter of 2012.

Solar glasses are a vital part of solar panels used in the photovoltaic or solar industry. They serve to "collect" sunlight to generate solar energy.

The project by Hong Kong's Sun Bear Solar Sdn Bhd will consist of two phases, which will each take between 18 and 24 months to complete.

The first phase will involve the purchase of fixed assets such as equipment, construction of the plant and the setting up of two lines: the float line and the pattern line solar glasses.
It will cost Sun Solar Bear RM2.2 billion to complete this phase.

The remaining RM3 billion is earmarked for expansion of the plant, which is to house larger lines and eventually accommodate a 120ha site.

"There are no big boys (backing the company). Sun Bear Solar is the initiative of global investors who have been in the solar energy industry for many years," Sun Bear Solar chairman Lee Holt Judd said in response to a question on the investors behind the company.

The new solar glass plant will have the potential to create spin-off benefits to the economy, through the introduction of new and advanced solar technologies and the creation of potential downstream industries such as lighting, green building, home applications and solar heating.

The plant is expected to create about 1,200 job opportunities in the country.

About 90 per cent of its employees will be sourced locally.

According to Malaysian Industrial Development Authority director-general Datuk Jalilah Baba, the solar industry has been targeted as Malaysia's top priority project to generate clean energy and new growth areas in high-value-added manufacturing.

Under the 10th Malaysia Plan, the counry targets generating 215 megawatts peak from solar, which will increase its solar contribution to 1.5 per cent from 0.0013 per cent.

As a high technology-driven industry, solar manufacturing has the potential to contribute up to 4 per cent of the country's gross domestic product this year.

On new foreign direct investment this year, Jalilah said Mida was in talks with potential investors from India, Japan and China.