Suntech Achieves 1GW Solar Cell and Module Production Capacity
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Announces Opening of New, State of the Art Headquarters Powered by World's
Largest On-Grid Solar Facade System
SAN FRANCISCO and WUXI, China, Jan. 8 /PRNewswire-Asia/ --
Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest photovoltaic
(PV) module manufacturer, held a ceremony today celebrating the achievement of
reaching 1GW PV cell and module production capacity in Wuxi, China. The
Company also announced the opening of its new headquarters in Wuxi, China that
incorporates a 1MW grid-connected building integrated solar facade, which is
the largest in the world.
(Photo: http://www.newscom.com/cgi-bin/prnh/20090108/CNTH012 )
"We are very proud to become the world's first PV solar company to achieve
1GW of solar cell and module production capacity," said Dr. Zhengrong Shi,
Suntech's Chairman and CEO. "Since our inception, we have focused on rapidly
building world-class manufacturing facilities that can meet the burgeoning
global demand for green energy. This milestone is a credit to all Suntech
employees that have tirelessly worked towards the common goal of making cost-
effective solar energy systems available on a global scale."
Suntech also announced the opening of its new, state of the art solar
headquarters in Wuxi, China. The 18,000 square meter building incorporates
the world's largest on-grid photovoltaic facade system, with over 2,552 semi-
transparent Light Thru(TM) solar panels and an annual power output of over 1
million kilowatt hours of electricity. The solar energy produced will save
over 600 tons of carbon emissions every year. In addition, the headquarters
features energy efficient building materials, geothermal temperature control,
movement sensor lighting and a comprehensive water recycling system. The 1MW
solar facade was installed by Suntech's in-house system integration team,
which has completed a range of technically complex building integrated solar
systems, including the 120kW Beijing Jingya Hotel Curtain Wall and 800kW Light
Thru system at the Wuxi Airport.
"It is a great pleasure to open our new headquarters in Wuxi, China, which
is powered by a 1MW solar facade," said Dr. Shi. "We believe that building
integrated solar systems are the way forward for environmentally friendly
architecture and our new headquarters is an excellent demonstration of how
solar can be seamlessly incorporated into modern and attractive buildings."
Dr. Shi continued, "The connection of the 1MW solar facade to the local
electricity grid is another important step towards the ongoing development of
the Chinese solar market. There are a number of significant solar projects
that are currently being developed in China including the 3MW solar roof
project for the World Expo Shanghai 2010, and several 10MW+ projects that are
in the early development and bidding phase in Dunhuang city, Yunnan province
and Qinghai province. These solar projects are reflective of China's
commitment to sustainable energy generation and the growing momentum in the
domestic solar market."
A photo of the new Suntech headquarters can be downloaded on Suntech's
website at http://www.suntech-power.com under Press: Press Assets.
About Suntech
Suntech Power Holdings Co., Ltd. (NYSE: STP) is the world's leading solar
energy company as measured by production output of solar modules. Suntech
designs, develops, manufactures, and markets premium-quality, high-output,
cost-effective and environmentally friendly solar products for electric power
applications in the residential, commercial, industrial, and public utility
sectors. Suntech's patent-pending Pluto technology for crystalline silicon
solar cells improves power output by up to 12% compared to conventional
production methods.
Suntech also offers one of the broadest ranges of building-integrated
solar products under the MSK Solar Design Line(TM). Suntech designs and
delivers commercial and utility scale solar power systems through its wholly
owned subsidiaries Suntech Energy Solutions and Suntech Energy Engineering and
will own and operate projects greater than 10 megawatts in the United States
through Gemini Solar Development Company, a joint venture with MMA Renewable
Ventures. With regional headquarters in China, Switzerland and San Francisco
and sales offices worldwide, Suntech is passionate about improving the
environment we live in and dedicated to developing advanced solar solutions
that enable sustainable development. For more information, please visit
http://www.suntech-power.com .
Safe Harbor Statement
This press release contains forward-looking statements. These statements
constitute "forward-looking" statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, and as defined in the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar statements,
and include the ability of the 1MW solar facade to generate over 1 million
kilowatt hours of energy per year and the amount of carbon emissions saved
every year from the solar energy produced. Such statements involve certain
risks and uncertainties that could cause actual results to differ materially
from those in the forward-looking statements. Further information regarding
these and other risks is included in Suntech's filings with the U.S.
Securities and Exchange Commission, including its annual report on Form 20-F.
Suntech does not undertake any obligation to update any forward-looking
statement as a result of new information, future events or otherwise, except
as required under applicable law.
For further information, please contact:
In China:
Rory Macpherson
Investor Relations Director
Tel: +86-21-6288-5574
Email: rory@suntech-power.com
In the United States:
Sanjay M. Hurry
Vice President
The Piacente Group, Inc.
Tel: +1-212-481-2050
Email: suntech@tpg-ir.com
SOURCE Suntech Power Holdings Co., Ltd.
In China: Rory Macpherson, Investor Relations Director at +86-21-6288-5574 or
rory@suntech-power.com; Or in the United States: Sanjay M. Hurry, Vice
President, The Piacente Group, Inc. at +1-212-481-2050 or suntech@tpg-ir.com
for Suntech
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