--------------------------------------------------------------------------------
                                Joel S. Dumaresq
                                    PRESIDENT
                              Solar Energy Limited
               112 C Longview Drive, Los Alamos,, New Mexico 87544
            (Name and Address of Person Authorized to Receive Notices
          and Communications on Behalf of the Person Filing Statement)
--------------------------------------------------------------------------------
                                 WITH A COPY TO:
                               William Stocker, ESQ.
                              24843 Del Prado, #318
                              Dana Point, CA 92629
                                 (949) 248-9561
                               fax (949) 248-1688
--------------------------------------------------------------------------------

                                  FORM 10-QSB-A

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


   [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OF THE SECURITIES EXCHANGE ACT OF
                                      1934

                       For the Quarter ended June 30, 2000

                         Commission File Number: 0-30060

                              SOLAR ENERGY LIMITED

                         (formerly Salvage World, Inc. )
                      (originally Taurus Enterprises, Inc.)

Delaware                                                              76-0418364
(Jurisdiction  of  Incorporation)        (I.R.S.  Employer  Identification  No.)


112  C  Longview  Drive,  Los  Alamos,  New  Mexico                        87544
(Address of principal executive offices)                              (Zip Code)

Registrant's  telephone  number,  including  area  code:         (505)  672-2000

Securities  registered  pursuant  to  Section  12(b)  of  the  Act:         None

Securities  registered pursuant to Section 12(g) of the Act: 3/30/99  13,153,911

Yes[x]   No[]  (Indicate  by check mark whether the Registrant (1) has filed all
reports  required  to be filed by Section 13 or 15(d) of the Securities Exchange
Act  of 1934 during the preceding 12 months (or for such shorter period that the
Registrant  was  required to file such reports) and (2) has been subject to such
filing  requirements  for  the  past  90  days.)

As  of  June  30,  2000  the  number  of  shares  outstanding  of
the  Registrant's  Common  Stock  was  13,153,911

                                        1
<PAGE>

                                  INTRODUCTION

     Our  1934  Securities  Exchange  Act  registration  of our common stock has
become  effective  during  1999,  but  has not yet cleared final comments by the
Staff  of  the  Securities  and  Exchange  Commission.

                          PART I: FINANCIAL INFORMATION


                         ITEM 1.   FINANCIAL STATEMENTS.

     Attached  hereto and incorporated herein by this reference are consolidated
unaudited  financial  statements under cover of Exhibit 00QF-2 for the three and
six  months  ended  June  30,  2000.


       ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.


     We are a research and development company with no revenues and no immediate
source  or  expectation  of  revenue  generation.  We have had no revenues since
inception.  We  have  been funded by our shareholder investors. Virtually all of
the  funding/working  capital raised to date has been allocated for research and
development  of our several prototype projects. All projects developed by us are
experimental in nature and are recorded as research and development expenses. Of
our  total expenses for the six months ended June 30, 2000 of $505,463, research
and  development  accounted  for  $359,473.

 (A)  PLAN  OF  OPERATION: NEXT TWELVE MONTHS. First, in general terms we intend
to  continue  the  development  of  our prototypes  SOLAWATT, SUNSPRING and MECH
ourselves,  through  this  reporting  corporation;  and  we intend to pursue the
development  of our prototypes SOLAREC and HTWO through Jade Electronic, Inc., a
Nevada  corporation.

     SOLAWATT  will  be  the  production  of  electricity  estimated by us to be
one-third  the  current  conventional  cost. SOLAWATT is the name for our unique
plastic-film  solar  collectors,  which  are  placed directly on the ground. Our
patent  application  for  SOLAWATT  (filed  under  its  original and former name
SPAESS)  is  S.N.  09/396,653.

     SUNSPRING will produce fresh water using only seawater and our unique solar
energy  collectors  (SOLAWATT)  in a reverse osmosis ("RO") desalination process
that  will  require  no  electric motors or outside power source. Osmosis is the
result of placement of fresh water on one side and seawater on the other side of
a  semi-permeable  membrane.  The  result  is fresh water flowing through to the
seawater  side.  Reverse Osmosis is the application of a significant pressure on
the  salt  water  side,  forcing water through the membrane and leaving the salt
behind.

     MECH will be designed as an internal combustion engine having one-third the
size  of  a  conventional engine with the same power and 25% greater efficiency.
The  MECH  engine  could  have  a wide variety of applications from vehicles and
propeller  driven  aircraft,  to  lawn  mowers  and  chain  saws.

     We  have effected a reorganization, by which we sold our subsidiary RECO to
Jade  Electronic,  Inc.,  a  Nevada  corporation,  ("JADE")  in  a related-party
transaction, by which, we initially own 63% control of Jade Electronic, Inc., as
another  corporate  asset,  before any further placements. By agreement of about
April  10,  2000  we sold RECO to JADE, in exchange for 8,500,000 shares of JADE
common  stock,  and  $180,000  cash.

                                        2
<PAGE>

     The  authorized  capital  of  JADE  is two hundred million shares of common
stock,  of  par value $0.001 per share, of which 5,000,000 shares are issued and
outstanding, immediately before the transaction. The issuance to us of 8,500,000
shares  results in our initial 63% ownership of the resulting 13,500,000 shares,
immediately  after  the  transaction.  This  transaction  may  be  viewed  as an
acquisition by us of JADE as a controlled subsidiary. This transaction is deemed
by management to better position our assets for both future funding programs and
more focused development of both SOLAREC technology and a marketing strategy for
it.  Although  we owned RECO 100% immediately before the transaction and now own
only  63%  of Jade Electronics, Inc. immediately afterwards, we have sold 37% of
RECO  for  $180,000,  which  we  can  apply  to our own funding requirements. We
believe  that, so positioned, the resulting RECO/JADE corporation could seek its
financing  independently  of  us, on its own merits, and with its own management
(to  be  determined)  to  the  mutual  benefit  of  both  corporations.

     This  is  a  related-party  transaction,  for  the  reason that one or more
officers,  affiliates  or  promoters  of JADE are believed to be shareholders or
affiliates  of  shareholders  of  this  parent  corporation.

     The  Projects  of  RECO  going  to  JADE  are  as  follows:

     SOLAREC  will  use  only  solar  energy  plus carbon dioxide (CO2) from the
atmosphere  to  produce  a  clean  usable  fuel  (gasoline,  diesel,  etc.) with
electricity  and  oxygen  as  byproducts.

     HTWO  is the concept to produce from coal, economical, pure hydrogen (while
dramatically  reducing CO2 emissions) for use in the growing fuel cell business.
Existing fossil fuel-based industrial production of hydrogen generates nearly as
much  CO2 as the normal operation of an internal combustion engine. This project
is  currently  at  a  computer  concept, research and feasibility stage and will
greatly  depend  upon  the  success  of  the next twelve month phase of SOLAREC.

      (1)  CASH  REQUIREMENTS  AND OUR NEED FOR ADDITIONAL FUNDS, TWELVE MONTHS.
We  have  depended  and  do  depend  on  continued  support  from  our principal
shareholders  to  cover  any  shortfall.  There is no binding agreement by which
these  or  any  shareholders  are committed to continue funding our research and
development.  While  our  shareholders  have  indicated  no  lack  of continuing
support, if our required funding is not provided, we may not be able to continue
as  a  going  concern.

     We  require approximately $3,000,000 to meet our budgetary requirements for
the  next  12  months.


HEAD  OFFICE/LAB  COSTS:
     rent                                                       30,000
     utilities  (heat,  electricity,  water,  etc.)             16,000
     office  supplies                                           12,000
     phone,  fax,  courier,  web-site  maintenance              28,000
     office  equipment  (computers,  etc.)                      30,000
     insurance  (business,  medical,  etc.)                     10,000
     travel,  entertainment                                     36,000
     outside  consultants                                       35,000
     legal (including patent costs,
     public company filings,etc.)                               90,000
     accounting,  audit                                         75,000
                                                                ======
                                                               362,000
SALARIES:
     Chief  Scientist  (SOLAREC)                                65,000
     Chief  Scientist  (SUNSPRING)                              65,000
     Interim  CEO                                               25,000
     Process  Development  Engineer  (SOLAREC)                  63,000
     Project  Manager,  Mechanical  Engineer                   140,000
     Optical/Electrical  Engineer                               61,000
     Technical  Staff                                          150,000
     Clerical                                                   50,000

                                        3
<PAGE>

     Marketing/Investor  Relations  Team                        90,000
     Miscellaneous  support,  casual  labor                    150,000
     Comptroller                                                30,000
                                                               =======
                                                               889,000
PROJECT  PROTOTYPES:
     SOLAREC  PHASE  III  (hardware,  equipment,  tests)       175,000
     SUNSPRING PHASES III & IV (parts, assembly,testing)       550,000
     SOLAWATT  PHASES  II  &  III                              200,000
     MECH  PHASES  II  &  III
     (parts,  expander,  engine,and  manufacture  prototypes)  200,000
                                                             1,125,000
                                                             =========
SUBTOTAL                                                     2,376,000

     Research  &  Development  20%  Contingency                470,200
                                                             =========

TOTAL                                                       $2,846,200

The  sources  of  these  funds may include further advances by our Shareholders,
further  bridge  financing  from  other  accredited and sophisticated investors,
and/or  proceeds  from  the $180,000 note from JADE. They may include successful
governmental  grant  applications. They may include packaging other projects for
sale  in  transactions  similar  to  RECO/JADE,  for stock and cash, in which we
retain  control  and  receive  some  cash  or  notes.

 We  have  enjoyed no revenues since our inception as a research and development
company. We have been supported by our circle of sophisticated shareholders, who
are  committed to continue supporting our development, as needed, and to see our
program  through  to  successful  profitability.  Our  principal shareholders as
listed in Item 11 are entrepreneurial investors committed to meet any short-fall
in  our  funding.  Since  there  is  no  legally  binding  agreement  by  these
shareholders  to  advance  further  funds,  no  firm assurance can be given that
required  funding  will  continue  to  be  secured  on  a  timely basis. If this
contingency  fails  we  may  not  be  able  to  continue  as  a  going  concern.

     There  are  other  intended  sources  of  funding.

On  June  30,  2000,  we transferred our 100% interest of our RECO subsidiary to
Renewable  Energy,  Limited."REEL"  (formerly  incorporated  as Jade Electronic,
Inc.)  for  63% of the outstanding stock of REEL, and for cash of $115,0000, and
for  a note receivable of $65,000. At that point in time, REEL had no assets and
no  liabilities  and  RECO  became the only asset, liabilities and operations of
REEL as of June 30, 2000. We effectively sold only 37% of RECO (since we own 63%
of  REEL).  Accordingly  that  sale  equates to cash and notes of $180,000. This
acquisition  was recorded by REEL as a reverse acquisition in which RECO was the
acquirer for accounting purposes. We consolidated our books with HAT and REEL at
June  30,  2000. We caused the name-change of Jade Electronic, Inc. to Renewable
Energy,  Limited.

     We  intend  to  pursue  a similar pattern of reorganization whereby certain
groups  of our more promising wholly owned products are placed into subsidiaries
for  the  purpose  of selling them to new partially controlled corporations, for
cash  and  notes.  The  intention  is then to engage in fund raising specific to
those  projects which are closest to success. Our shareholders may or may not be
among  the initial private investors in these new corporations, such as JADE. We
believe that capital formation will be more orderly and successful, in this way,
than attempting general limited offerings by us as the parent company. Following
the initial bridge financing of JADE and such similar programs as we may pursue,
such  partially  owned  subsidiaries  would  engage  in initial public offerings
pursuant  to  section  5  of  the  Securities  Act  of  1933.

RISK  FACTORS.  Note  2  of  our  Auditor's  report states: "The Company has had
recurring  operational  losses  for the past several years and is dependent upon

                                        4
<PAGE>

financing  to  continue  operations. The financial statements do not include any
adjustments  that  might  result  from  this  uncertainty.  Notwithstanding  our
confidence  in  our  sophisticated  shareholders,  and  soundness  of  these
reorganizational  plans,  we  remain  dependent  on  investor  confidence in our
future. There can be no assurance offered to the public by these disclosures, or
otherwise,  that  we will be successful, or that we will ultimately succeed as a
going  concern.  To  the  extent that existing resources and any future earnings
prove  insufficient  to  fund  our  activities, we will need to raise additional
funds  through  debt  or equity financing. We cannot assure that such additional
financing  will  be available or that, if available, it can be obtained on terms
favorable  to  us  and our stockholders. In addition, any equity financing could
result  in  dilution to our stockholders. Our inability to obtain adequate funds
could  adversely  affect  our  operations  and ability to implement our business
strategy.  Even  if  we  are  successful  in raising capital through the sources
specified, there can be no assurances that any such financing would be available
in  a  timely  manner or on terms acceptable to us and our current shareholders.
Also,  any  additional  equity  financing could be dilutive to our then existing
shareholders,  and  any  debt financing could involve restrictive covenants with
respect to future capital raising activities and other financial and operational
matters.


 (B)  DISCUSSION  AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
We  are a  development stage company. Our activities to date consist entirely of
research  and  development.

      (1)  OPERATIONS  AND  RESULTS  FOR  THE PAST THREE AND SIX MONTHS. We have
been  entirely devoted to research and development for the past two and one-half
years,  1998 and 1999, and the six months ended June 30, 2000. We continue to be
so  devoted.

     The  following  table summarizes the information contained in our financial
statements.

     The  Remainder  of  this  Page  is  Intentionally  left  Blank

                                        5
<PAGE>

<TABLE>
<CAPTION>
<S>                                 <C>             <C>           <C>           <C>
                                                Three Months                Six Months
                                                   June 30                    June 30
                                             2000          1999          2000          1999
--------------------------------------------------------------------------------------------
Sales: . . . . . . . . . . . . . .  $        0.00   $      0.00   $      0.00   $      0.00
Cost of Goods Sold:
Gross Profit:. . . . . . . . . . .              0             0             0             0
Operating Expenses:
General and Administrative . . . .       -121,649       -10,318      -145,990       -18,723
Research and Development . . . . .       -151,953      -111,558      -359,473      -225,576
Operating Loss . . . . . . . . . .       (273,602)     (121,876)     (505,463)     (244,299)
Other Income and (Expenses)
Gain on sale of Investment . . . .         17,200             0        17,200             0
Interest Income. . . . . . . . . .          1,975         1,981         3,483         4,031
Total Other Income and  (Expenses)         19,175         1,981        20,683         4,031
Net Income (Loss). . . . . . . . .       (254,427)     (119,895)     (484,780)     (240,268)
Net Income (Loss) per share. . . .          (0.02)        (0.01)         (0.4)         (0.2)
                                    ==============  ============  ============  ============
Weighted Average common shares . .     13,153,911    12,353,911    13,153,911    12,303,911
</TABLE>


     Our  research  and development had accelerated in year 2000 over comparable
periods  in  1999.  This  is  due  in  part  to our identification of additional
projects  inspired  from  our  earlier  work.  In  addition  we  are  engaged in
completing  the  comment  and  analysis phase of our 1934 Act registration, with
considerable  legal  and  professional  expenses,  which  are not expected to be
normal  or  continuing.

     We  booked a gain on the sale in connection with our RECO/JADE transaction.

     The  following  table  summarizes  our  Balance  Sheet  information.

     The  Remainder  of  this  Page  is  Intentionally  left  Blank

                                        6
<PAGE>

Balance Sheet. . . . . . . .   6/30/00   12/31/99
-------------------------------------------------
Cash and Equivalents . . . .  $132,961  $ 263,371
Note Receivable (RECO/JADE).    65,000          0
Current Assets . . . . . . .   197,961    263,371
=================================================
Property and Equipment, Net.    46,696     25,297
Patent Costs . . . . . . . .    33,062     33,549
Goodwill . . . . . . . . . .   415,573    445,908
Deposits . . . . . . . . . .     4,537      4,537
Other Assets . . . . . . . .   499,868    509,291
=================================================
Total Assets . . . . . . . .   697,829    772,662
=================================================
Accounts Payable . . . . . .    55,525     58,973
Accrued Expenses . . . . . .    40,808     16,183
Notes Payable (Baycove). . .   654,609    428,639
=================================================
Total Liabilities. . . . . .   750,942    503,795
[/TABLE]



     Our condition does not amount to a substantial change for the first half of
2000.  The  significant  new  items  relate  to  our  RECO/JADE  transaction.


      (2)   FUTURE  PROSPECTS.  No  efforts  have  been made to date to identify
other  companies to manufacture our products or to identify probable or targeted
licensees.  We  have determined to await commercially viable prototype readiness
before  addressing  manufacturing  and  marketing  issues.  We  do not expect to
achieve  significant  sales,  if  any,  in  the  next twelve to eighteen months.

     HARPS  and  ACES  projects  have been deferred for the future. We expect to
turn  our  attention to these projects in 18 months to two years. These were our
original  programs  which  inspired  our  current  product development projects.

     SUMMARY.  We  do  not  expect  to  achieve profitability in the next twelve
months.  We  are  making  significant  progress  in  developing  and proving our
technologies.  We  are dependent for funding on the support of our shareholders.
There  is no assurance that funding will not run out. There is no assurance that
we  will  succeed  in our various efforts. While no guarantee can be given as to
when  or  whether  we  will  achieve  significant  revenues and profitability, a
reasonable  estimate  is  believed  to  be eighteen months to two years from the
date  of  this  Amended  Report.

                           PART II: OTHER INFORMATION

ITEM  1.  LEGAL  PROCEEDINGS.  None

ITEM  2.  CHANGE  IN  SECURITIES.  None

ITEM  3.  DEFAULTS  UPON  SENIOR  SECURITIES.  None

                                        7
<PAGE>

ITEM  4.  SUBMISSION  OF  MATTERS  TO  VOTE  OF  SECURITY  HOLDERS.  None

ITEM  5.  OTHER  INFORMATION.  None

ITEM  6.  REPORTS  ON  FORM  8-K.  None
                                    EXHIBITS

     Attached  hereto and incorporated herein by this reference are consolidated
unaudited  financial  statements under cover of Exhibit 00QF-2 for the three and
six  months  ended  June  30,  2000.


                                   SIGNATURES


     Pursuant  to  the requirements of the Securities Exchange Act of 1934, this
Form 10-QSB Report for the Quarter ended June 30, 2000, has been signed below by
the following persons on behalf of the Registrant and in the capacity and on the
date  indicated.


Dated:  November  7,  2000
                              SOLAR ENERGY LIMITED

                         (formerly Salvage World, Inc. )
                      (originally Taurus Enterprises, Inc.)



/s/  Dr. Melvin L. Prueitt            /s/    Joel S. Dumaresq
     Dr.  Melvin  L.  Prueitt                Joel  S.  Dumaresq
     Chairman/Director                       President/Director

/s/    Norman Wareham      /s/    Dr. Reed Jensen     /s/   David M. Jones
       Norman  Wareham            Dr. Reed Jensen           David M. Jones
       Secretary/Treasurer        Director                  Director
       Director

                                        8
<PAGE>

--------------------------------------------------------------------------------
                             EXHIBIT EXHIBIT 00QF-2

                         UN-AUDITED FINANCIAL STATEMENTS
                FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2000
--------------------------------------------------------------------------------



                                        9
<PAGE>

                              SOLAR ENERGY LIMITED
                      Consolidated     Financial Statements

                                  June 30, 2000

                                       10
<PAGE>
                               SOLAR ENERGY LIMITED
                           Consolidated Balance Sheets


                                     ASSETS
                                               June  30          December  31
                                                 2000                1999
                                             (Unaudited)
--------------------------------------------------------------------------------
Current  Assets
   Cash  and  Cash  Equivalents             $     132,961          $     263,371
   Note  Receivable                                65,000                      0
                                            -------------          -------------
Total  Current  Assets                            197,961                263,371
                                            -------------          -------------
Property  and  Equipment,  net                     46,696                 25,297
                                            -------------          -------------
Other  Assets
   Patent  Costs                                   33,062                 33,549
   Goodwill                                       415,573                445,908
   Deposits                                         4,537                  4,537
                                            -------------          -------------
Total  Other  Assets                              453,172                483,994
                                            -------------          -------------
      Total  Assets                         $     697,829          $     772,662
                                            =============          =============

                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current  Liabilities
   Accounts  Payable                         $     55,525           $     58,973
   Accrued  Expenses                               40,808                 16,183
   Notes  Payable  -  Related  Party              654,609                428,639
                                            -------------          -------------
Total  Current  Liabilities                       750,942                503,795
                                            -------------          -------------
Minority  Interest                          $     162,800           $          0
                                            -------------          -------------
Stockholders'  Equity
   Common  Stock,  authorized  50,000,000  shares  of  $.0001
    par  value,  issued  and  outstanding
    13,153,911  shares                              1,315                  1,315
   Paid  in  Capital                            1,797,197              1,797,197
   Retained  Deficit                           (2,014,425)           (1,529,645)
                                            -------------          -------------
       Total  Stockholders'  Equity              (215,913)               268,867
                                            -------------          -------------

Total Liabilities and Stockholders' Equity  $     697,829           $    772,662

                                       11
<PAGE>

                              SOLAR ENERGY LIMITED
                      Consolidated Statements of Operations

                      For  the three  For the three   For the six   For the six
                      months  ended   months  ended  months  ended months  ended
                         June  30       June  30        June  30     June  30
                           2000           1999            2000          1999
--------------------------------------------------------------------------------
SALES                   $       0    $          0    $          0     $        0
COST  OF  GOODS  SOLD           0               0               0              0
                       ----------   -------------   -------------   ------------
GROSS  PROFIT                   0               0               0              0
                       ----------   -------------   -------------   ------------
OPERATING  EXPENSES
General And
Administrative Expenses   121,649          10,318         145,990         18,723
Research and Development  151,953         111,558         359,473        225,576
                       ----------   -------------   -------------   ------------
TOTAL OPERATING EXPENSES  273,602         121,876        (505,463)       244,299
                       ----------   -------------   -------------   ------------
OPERATING INCOME (LOSS)  (273,602)       (121,876)       (505,463)     (244,299)
                       ----------   -------------   -------------   ------------
OTHER  INCOME  AND  (EXPENSES)
Gain  on  sale of
investment                 17,200               0          17,200              0
Interest  Income            1,975           1,981           3,483          4,031
                       ----------   -------------   -------------   ------------
Total Other Income and
(Expenses)                 19,175           1,981          20,683          4,031
                       ----------   -------------   -------------   ------------
NET INCOME (LOSS)   $    (254,427)     $ (119,895)     $ (484,780)   $ (240,268)
                       ==========   =============   =============   ============
NET INCOME
(LOSS) PER SHARE    $       (.02)      $     (.01)     $     (.04)   $     (.02)
                       ==========   =============   =============   ============
WEIGHTED  AVERAGE  NUMBER
OF COMMON SHARES      13,153,911       12,353,911      13,153,911     12,303,911
                       ==========   =============   =============   ============

                                       12
<PAGE>

                              SOLAR ENERGY LIMITED
                      Consolidated Statements of Cash Flows

                                             For  the  six         For  the  six
                                             months  ended         months  ended
                                               June  30               June  30
                                                 2000                    1999
--------------------------------------------------------------------------------
Cash  Flows  From  Operating  Activities

Net  income  (loss)                     $     (484,780)          $     (240,268)
Adjustments  to  Reconcile  Net  Income  (Loss)  to
  Net  Cash  Used  in  Operating  Activities:
   Depreciation  &  Amortization                39,096                         0
   Gain  on  sale  of  investment              (17,200)                        0
 Change  in  Assets  and  Liabilities
   Increase/(decrease)  in:
   Accounts  Payable                            (3,448)                  (4,965)
   Accrued  Expenses                            24,625                     4,867
--------------------------------------------------------------------------------
Net Cash Provided (Used)
by Operating Activities                       (441,707)                (240,366)
--------------------------------------------------------------------------------
Cash  Flows  from  Investing  Activities
   Purchase  of  Property  and  Equipment      (27,761)                  (6,812)
   Cash  paid  for  patent  costs               (1,912)                 (14,347)
   Cash  received  on  sale  of  subsidiary    115,000                         0
   Cash  acquired  in  acquisition                   0                    42,733
Net Cash Provided (Used) by
Investing Activities                            85,327                    21,574
--------------------------------------------------------------------------------
Cash  Flows  from  Financing  Activities
  Common  stock  issued  for  cash                   0                   100,000
  Proceeds  from  debt  financing              225,970                   230,849
  Principal  payments  on  debt  financing           0                 (110,000)
--------------------------------------------------------------------------------
Net Cash Provided (Used) by
Financing Activities                           225,970                   220,849
--------------------------------------------------------------------------------
Net Increase (Decrease) in
Cash and Cash Equivalents                     (130,410)                    2,057
Cash  and  Cash  Equivalents
  Beginning                                    263,371                   286,627
--------------------------------------------------------------------------------
  Ending                                $      132,961         $         288,684
================================================================================

Supplemental  Disclosures  of  Cash  Flow  Information:
  Cash  payments  for  interest         $            0         $               0
  Cash  payments  for  income  taxes    $            0         $               0
================================================================================
Supplemental  Schedule  of  Noncash  Investing  and  Financing  Activities

 Common  shares  issued  for  services  $            0         $               0
================================================================================
 Sale  of  investment  in RECO for
Note Receivable                         $       65,000         $               0
================================================================================

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                              SOLAR ENERGY LIMITED
                                  June 30, 2000

NOTES  TO  FINANCIAL  STATEMENTS

Solar  Energy  Limited  (the  "Company")  has  elected to omit substantially all
footnotes  to  the  financial statements for the six months ended June 30, 2000,
since  there  have  been  no  material  changes  (other  than indicated in other
footnotes) to the information previously reported by the Company in their Annual
Report  filed  on  Form  10-KSB  for  the  Fiscal  year ended December 31, 1999.

UNAUDITED  INFORMATION

          The  information furnished herein was taken from the books and records
of  the  Company  without  audit.  However,  such  information  reflects  all
adjustments  which  are,  in  the  opinion  of management, necessary to properly
reflect  the  results of the period presented.  The information presented is not
necessarily  indicative  of  the  results  from operations expected for the full
fiscal  year.


SALE  OF  SUBSIDIARY

On  June  30, 2000, Solar Energy Limited sold 100% of it's interest in Renewable
Energy  Corporation (RECO), a wholly owned subsidiary, to Jade Electronic, Inc.,
who  changed  their  name  to  Renewable  energy  Limited (REEL) for  63% of the
outstanding stock of REEL, cash of $115,000 and a Note Receivable of $65,000. At
the  point  of  sale REEL had no assets and no liabilities, thus RECO became its
only  assets,  liabilities  and operations at June 30, 2000. Because the Company
essentially sold 37% of its interest in RECO for cash and notes of $180,000, the
Company  recorded  minority  interest  of  $162,500  and a gain of $17,200. This
acquisition  was  recorded  by Jade as a reverse acquisition with RECO being the
accounting  acquirer,  therefore no goodwill was recorded in the acquisition and
REEL  recorded  the  assets  and  liabilities  of  RECO at predecessor cost. The
Company  consolidated its books with REEL and Hydro Air Technologies, Inc. (HAT)
at  June  30,  2000.

GOING  CONCERN

As  disclosed  in  the  audited  financial  statements at December 31, 1999, the
Company is dependent upon financing to continue its operations. Managements plan
was  to  raise additional funds to continue the development of its process.  The
agreement  with  REEL  provided  needed capital and the Company intends to raise
additional  funds  through  public  and  private  offerings as needed to support
operations.  The Company's ability to continue is contingent upon its ability to
continue to raise funds needed for operations. These financial statements do not
include  any adjustments that might result from the outcome of this uncertainty.

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