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Chinese Solar Energy Company Added 3280 Jobs Since 2005

By David Sassoon

Apr 7, 2008

The American Dream is alive and well -- in China -- embodied in the success of a fellow named , founder and chief executive of a Shanghai company called ReneSola that makes silicon wafers for solar panels. In 2005, Mr. Li's company had 20 employees. Now he has 3300.

They've helped him log profits of $53 million last year, almost double the profits of 2006, and have made it possible last January for ReneSola to raise $130 million in a stock offering on the New York Stock Exchange.

With 80,000 jobs lost in March to the US recession nobody wants to admit is really happening, and the Senate now considering for the third time in six months, Mr. Li's story ought to be headline news on the Hill where lawmakers are grappling with economic stimulus and job creation.

The report on ReneSola comes from Joe Nocera, the top story in the Business section of the NYT on Saturday called It not only describes a green jobs success story, a model of economic development suitable for America's industrial heartland. It also describes an economic transformation taking place in China that is making it an even more formidable international competitor than it already is.

At first, the company assembled solar panels; most of his customers were companies in Germany and Japan that made the wafers and then sold the panels once they were assembled. “By 2003,” he said, “revenue was about $10 million.”

But assembling the panels was the lowest-cost, lowest-value part of the solar industry. “It is a commodity business,” he said. “And it can attract a lot of competition.” So in 2005, he decided to take the big leap. He got out of the solar panel business and into the more profitable solar wafer business.

Government policy in China is now deliberately pushing manufacturing up the value chain. Already the world's workshop for cheap goods, China is now making a play to make higher value products that create more wealth and provide better jobs.

Five years ago, ReneSola was not even in the silicon wafer business. Today, the company has become one of the world's top five suppliers and has created 3280 new jobs.

And that $130 million it raised on the New York Stock Exchange? It's flowing right to Shanghai, fueling the further expansion of the American dream in China.

Talk about a surge that's working.

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Kayla Salinas

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Rena Lott

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i am going to import solar energy saving lamps

A.B.L. MESSAGE
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E MAIL: MOTOFI AVE, BADAMCHI AVE.,
CHAHARRAH GALOUBANDAK,
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MOBILE: 0098-912-1761916
TEHRAN IRAN
September 28,2008
DEAR SIRS,
GOOD TIME,
I WOULD LIKE TO INFORM YOU THAT I AMGOING TO HAVE SOLAR ENERGY SAVING LAMPS. SO PLEASE KINDLYACONTACT ME TO ARRANGE IT.

SINCERELY OYURS,
ABL,

solar energy in AFRICA

AFRICATWORK has a prospect for a business venture with CHINA to launch a SOLAR ENERGY COMPANY in AFRICA...
please send information on your company. AFRICATWORK is ready to start contacts with african businesses.
thanks for your cooperation.
contact:

sal diallo
manager

Big China Solar Energy Group

BIG CHINA INTERNATIONAL HOLDINGS LIMITED is a young company but with great experience. Big China Solar Energy Group is the main branch of BIG CHINA INTERNATIONAL HOLDINGS LIMITED.
During the past ten years, Big China Solar Energy Group, produced over 8 millions square meters of solar collectors.
Annual output will reach 2 millions in 2005, saved 10 millions tons of standard coals and reduced pollution output by 5 millions tons.
Now we had over 5000 franchisers all around China, and we hope to enlarge our partners all around the world.
Our products are solar water heaters, solar air conditioners, solar energy systems for home using, solar radios, solar street lights, solar garden lights, solar torches, solar home lamps, solar lantern lights, solar modules/panels and solar traffic lamps.
Big China Solar Energy Group is a supplier of renewable energy not only selling products but also providing clients with complete energy solutions.
Besides the solution of solar water heating system, which is the most economical, reliable and competitive, other solutions such as solar floor heating system, solar cooling system, solar lamps and solar power stations are also available.
We combine solar energy with the technology of geothermal heating pump, namely the combination of sky and earth enabling us to provide economic and reliable energy solutions.
Besides exploiting resources as efficiently as we can, we also take measures to reduce the consumption of energy by using energy saving technology, such as Winpin low-e glass, energy efficient buildings, etc.
Big China Solar Energy Group is committed to supplying multiple energy solutions for you.
Big China Solar Energy Group has possessed 72 national patents , and got Chinese invention association golden awards for many times.
Our aim is to revolutionize the solar market.
We are in business for a purpose: to help create a cleaner world and a sustainable future.
The sun bathes the earth in an incredible amount of energy - in a day, enough arrives to power the whole world for several years.
Humanity can now effectively harness the power of the sun. The 21st Century must be the solar century.

  

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