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LDK Solar Secures Wafer Supply Agreement

LDK Solar has signed a contract to supply multicrystalline solar wafers to Taiwan-based Chuan-Yi Investment Corporation. Under terms of the agreement, LDK Solar will deliver multicrystalline solar wafers to Chuan-Yi valued at approximately US$516 million over a three-year period. We are very excited to have the opportunity to add Chuan-Yi to our growing list of global customers, stated Xiaofeng Peng, Chairman and CEO. This agreement advances our strategy of broadening our customer base and demonstrates our position as a leading manufacturer of solar wafers.We look forward to supporting the long-term growth and success of Chuan-Yi. We are delighted to secure such a significant amount of high-quality solar-grade silicon wafers from LDK, commented Jin-Jiang Yeh, Chairman of Chuan-Yi. This contract enhances Chuan-Yi’s ability to promote the combined applications of solar power and LED. We look forward to building an enduring relationship with LDK in support of our future growth. Website: http://www.ldksolar.com     

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1872 Mining Law Threatens National Parks

A report released by the Environmental Working Group shows an 80 percent increase in uranium, gold and other mining claims in 12 western states over the past five years, including an explosion of uranium claims near the edge of Grand Canyon National Park. According to the report, “Mining Law Threatens Grand Canyon, Other National Treasures”, mining interests and speculators have staked 815 claims within five miles of Grand Canyon National Park, 805 of them since January 2003. Across the West, more than 50,000 claims were staked from last September to this May alone. The proliferation of claims in Colorado and Utah has been especially staggering, with a more than 200 percent jump overall since 2003. High prices for uranium and other metals sparked by growing worldwide demand has helped fuel the surge in claims, but the source of the threat is an antiquated federal statute that remains fundamentally unchanged since it was signed by Ulysses S. Grant in 1872. The law provides special status to mining on many public lands, almost always giving it priority over every other form of recreation and conservation. “The global economy has created a modern day land rush in the American West, while our outdated […]

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New Field for Earmarks in U.S. Goals on Energy

By John M. Broder WASHINGTON, Aug. 17 – Tucked away among the $3.2 billion in Congressional earmarks in the recently passed energy and water spending bill is a $4 million grant to a small company in suburban Chicago that is trying to solve the problem of capturing and storing carbon dioxide emissions. The company, Jupiter Oxygen, which is run out of an office park near O’Hare airport, holds potentially valuable patents for burning coal cleanly but has fewer than 10 employees and sparse revenue. As a speculative venture in an embryonic field, it has little access to capital markets, traditional bank loans or federal grants. It does, however, have powerful friends in Congress, including Representatives Peter J. Visclosky, Democrat of Indiana, and Joe L. Barton, Republican of Texas, who sponsored the earmark and who together have received more than $41,000 in campaign donations from Jupiter Oxygen executives. In all, company officials and family members have given political donations of at least $150,000 in recent years. The case of Jupiter Oxygen is an example of how companies in a variety of energy-related businesses, solar, biofuels and wind power, are lining up at the federal trough as the government shovels out billions […]

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