Suntech Reaches Settlement in Connection with GSF Investment

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WUXI, China, March 7, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd
(NYSE: STP) ("Suntech"), one of the world's largest producers of solar panels,
today announced that it has settled all outstanding disputes with GSF Capital
Pte Limited ("GSF Capital") and Javier Romero in connection with a guarantee
provided by GSF Capital to Suntech.

As part of the settlement, GSF Capital will dispose of its entire ownership
interest in Global Solar Fund, S.C.A., Sicar (the "Fund") for an agreed
consideration and it will no longer have any ownership interest in the Fund.
Suntech's equity interest in the Fund will increase from 79.3% to 88.15% and the
equity interest owned by Best (Regent) Asia Group Ltd., a company ultimately
held by Dr Zhengrong Shi, will increase from 10.7% to 11.85%. Due to the
change of control of the Fund, Suntech will consolidate the Fund upon completion
of the related equity transfer.

In addition, the court orders obtained by Suntech will be discharged. The
settlement does not involve an admission of liability on the part of GSF Capital
or Mr Romero.

David King, Suntech's CEO, said, "We are very pleased to have reached this
settlement. The new ownership structure will ensure that Suntech has full
control of the Global Solar Fund and can manage and operate the Fund's portfolio
of solar plants to maximise the value for our stakeholders."

About Suntech

Suntech Power Holdings Co., Ltd. (NYSE: STP) produces solar products for
residential, commercial, industrial, and utility applications. With regional
headquarters in China, Switzerland, and the United States, and gigawatt-scale
manufacturing worldwide, Suntech has delivered more than 25,000,000 photovoltaic
panels to over a thousand customers in more than 80 countries. Suntech's
pioneering R&D creates customer-centric innovations that are designed to drive
solar to grid parity against fossil fuels. Suntech's mission is to provide
everyone with reliable access to nature's cleanest and most abundant energy
source.

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. 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.

SOURCE Suntech Power Holdings Co., Ltd.

Shashin Surti, Weber Shandwick for Suntech, +86 21 2411 0046,
Suntech@webershandwick.com