This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

AUO Accomplishes South Africa's First 1.2 MW Solar Project

Stocks in this article: AUO

HSINCHU, Taiwan, Dec. 1, 2011 /PRNewswire-Asia-FirstCall/ --

The Global leading Display and Solar Solutions provider AU Optronics ( " AUO " or the " Company " ) (TAIEX: 2409; NYSE: AUO) today announced that it has successfully accomplished the first 1.2 MW solar project in South Africa with EKSOM, the biggest utility in South Africa, before the 2011 United Nations 17th Conference of the Parties (COP 17)(*1) . The project includes a tracking system PV power plant in Lethabo and a ground-mounted PV power plant in Kendal. By using AUO's high-efficiency solar module SunForte PM318B00, two power plants can generate 2,200,000 kWh for 1,500 households. This is AUO's first expansion into the African market after having finished a near 5MW project(*2), the largest solar park in the United Kingdom. To fulfill customers' needs worldwide, AUO will work to continuously increase its capacity of high-efficiency PV modules.  

South Africa is not only the host of COP17 but also proactively develops its renewable energy recently and drives its first local solar utility project. This is a 1.2 MW project which includes two power plants, one is a 600kW tracking system PV power plant with AUO's high-efficiency module SunForte PM318B00 in Lethabo, which can generate 1,200,000 kWh for 800 households; the other is a 600kW ground-mounted PV power plant in Kendal that can generate 1,000,000 kWh for 700 households in the region nearby.  

AUO has started to develop its solar business in 2008 and formed a high-efficiency vertical solar value chain to provide customers with high quality modules and solar power project services. With its global operation and local delivery, AUO's module capacity leaps to the leading position in Taiwan(*3). The company focuses on high-efficiency solar modules which are well-known and popular worldwide. AUO's back content solar modules that reach more than 19.5% conversion efficiency rate have been successfully produced in Taiwan. To meet the demand of Asian customers for high-efficiency utilities and large-scaled projects, AUO will increase its capacity by more than 50MW in the first quarter of 2012.

"Global Operation, Local Delivery" is AUO's business strategy. In Czech Republic, the company's PV factory has recently obtained Italy's ICIM and Germany's TUV Rheinland certifications to prove its "Made in Europe" modules. AUO's high-efficiency modules are of great quality and widely acclaimed in Europe. The capacity of the PV factory in Czech Republic is currently full. To fulfill the European orders, the company will install new equipments in Czech's PV factory to boost its capacity this quarter.

In addition to the increase of module capacity, AUO's module technology is in line with the latest global green trends. AUO takes the lead in developing and introducing high quality lead-free manufacturing process into solar modules, and has successfully obtained UL1703 certification in the U.S. Customers will be offered clean and environmentally friendly solar products to lower the impact of natural environment. AUO will continue to provide high-efficiency, high quality, lead-free and environmentally friendly solar modules, and customized first-class solar total solutions to clients.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs