WUXI, China, May 24 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd.
(NYSE: STP), one of the world's leading manufacturers of photovoltaic (PV)
cells and modules, today announced that Dr. Zhengrong Shi, Suntech's Chairman
and CEO, spoke yesterday at the first meeting of Global Leadership for Climate
Action (GLCA), an international initiative to address climate change, co-
sponsored by the Club of Madrid and the United Nations Foundation. The first
meeting of the initiative GLCA was held this week in Madrid, Spain.
The Global Leadership for Climate Action initiative is chaired by Ricardo
Lagos, President of the Club of Madrid along with co-chair Timothy Wirth,
President of the United Nations Foundation. Members of the initiative GLCA
include six former heads of State, seven former heads of Government, and
twelve prominent leaders with experience in government, intergovernmental
organizations, business and non-governmental organizations, from more than 20
The objective of the initiative GLCA is to propose a framework for an
international agreement on climate change. Recommended actions will be
presented to the G8+5 Gleneagles Dialogue on Climate Change, Clean Energy and
Sustainable Development, to be held during the G8 Summit taking place June 6 -
8 in Berlin, Germany.
At the GLCA meeting in Madrid, Dr. Shi spoke with renowned entrepreneur
and philanthropist Ted Turner on critical issues behind the international call
for climate action. Specifically, Dr. Shi commented on the role of solar
energy technology in reducing international dependence on fossil fuels. Dr.
Shi stated, "We are extremely optimistic about solar power's potential to play
an increasing role in worldwide power generation. In contrast to other energy
sources, our basic building material, silicon, is the second most abundant
mineral on the Earth's surface, and, the Sun, as an energy source, is not only
free but inexhaustible. An accelerated international transition to solar
energy will play a critical role in reducing greenhouse gas emissions to
stabilize the world's climate."
The Club of Madrid is an independent organization whose purpose and
priority is to contribute to strengthening democracy in the world. It
stimulates, promotes and conducts initiatives and activities and participates
in projects seeking this objective. The Club of Madrid acts as a consultative
body for governments, democratic leaders, and institutions involved in
processes of democratic transition.
The second meeting of the initiative GLCA is expected to be held September
7 - 8, 2007 in Shanghai, China.
Suntech Power Holdings Co., Ltd. is a leading solar energy company in the
world as measured by both production output and capacity of solar cells and
modules. Suntech provides solar solutions for a green future. Suntech designs,
develops, manufactures, and markets a variety of high quality, cost effective
and environmentally friendly PV cells and modules for electric power
applications in the residential, commercial, industrial, and public utility
sectors. Suntech's majority-owned subsidiary, MSK Corporation is one of the
top-ranked companies in the building-integrated photovoltaics (BIPV) space.
Suntech's customers are located in various markets worldwide, including key
markets throughout Europe, Japan, China and the United States. 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
Among other things, Suntech's expectations with respect to its thin film
initiatives and strategies as well as the growth of the thin film market above
contain forward-looking statements. 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 more information, please contact:
For more information, please contact:
VP of Business Development
Suntech Power Holdings Co., Ltd.
In the United States:
Sanjay M. Hurry
The Piacente Group, Inc.
Ogilvy Public Relations Worldwide