29 Jul 2013 07:00
29 July 2013
AUHUA CLEAN ENERGY PLC
("Auhua" or "the Company")
"Outstanding energy saving result" 2012 for nano-coating flat plate solar panel
Auhua Clean Energy plc, the AIM quoted (AIM: ACE) environmental technology group based in the Shandong Province of China, is delighted to announce that its technology has once again been recognised by the Chinese authorities. Auhua's wholly owned subsidiary, Shandong Auhua New Energy Co. Ltd's nano-coating flat plate solar panel technology has been identified, commended and conferred by Shandong provincial government for "Outstanding energy saving result" for 2012. Competing against many other companies across different sectors in the Shandong province, this prestigious honour is only awarded to a small number of firms.
Raphael Tham, Chairman of Auhua said:
"Auhua is actively looking into improving the efficiency of our solar panel collector through nano-coating and other advanced thin film technology. The recognition by the Chinese authorities is yet another acknowledgement of our strength and leadership in research and development in split-unit solar water heaters."
Information about the solar industry in the Shandong province:
·; The Shandong province is the leader in China's solar thermal initiatives. It manufactures one third of China's solar water heaters and China uses 64.8% of the world's total capacity for solar heating (source: Global Status Report 2012).
·; In 2011, the solar industry in Shandong Province generated revenue of 98.2 billion yuan, a year-on-year growth of 18.3%; solar water heater production of 5.98 million units, an increase of 12.8% and a solar thermal application area of 22.73 million square meters.
·; Currently dominated by unibody systems purchased by end consumers, the Shandong government is shifting its focus to promote split-unit water heater systems to property developers. Consequently they have introduced regulations to increase demand by requiring all buildings with more than 12 floors (which traditional unibody systems cannot support) to utilise solar water heater systems. Government subsidies are also available to property developers when they incorporate solar water heater systems into their building plans.
Further Enquiries:
Auhua Clean Energy plc www.auhuacleanenergy.com
| Raphael Tham, Chairman | +65 9768 6046 |
Grant Thornton UK LLP (Nominated Adviser) | Philip Secrett/ Maureen Tai/ Jamie Barklem | +44 (0)20 7383 5100 |
Beaufort Securities Limited (Broker) | Christopher Rourke/ Guy Wheatley | +44 (0)20 7382 8300 |
Cardew Group | Shan Shan Willenbrock/Lauren Foster | +44 (0)20 7930 0777 |
Notes to Editors:
Auhua Clean Energy is an environmental technology group based in the Shandong Province of Eastern China specialising in the development and application of green energy and energy efficient solar water heating solutions. In particular, the Group is focused on the manufacture and sale of split-unit solar water heating systems.
Auhua Clean Energy operates through its wholly owned subsidiaries Shandong Auhua New Energy Co., Ltd and Weihua Auhua New Energy Co., Ltd., of which Auhua Holdings Pte Ltd is the intermediate holding company.