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Suntech CEO Receives China Business Leaders Award for Corporate Citizen of the Year

WUXI, China, Sept. 21 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), one of the world's leading manufacturers of photovoltaic (PV) cells and modules, announced today that Dr. Zhengrong Shi, Suntech's Chairman and CEO, has been selected as the Corporate Citizen of the Year for his contribution to the development of the solar industry.

The award was presented to Dr. Shi at the China Business Leaders Awards 2007 (CBLA) ceremony in Shanghai on September 20, 2007. The award ceremony was broadcast by CNBC and CBN live to an international audience.

''It is a great honor to be selected as the Corporate Citizen of the Year,'' said Dr. Shi. ''Since founding Suntech in 2001, it has been my vision to introduce clean and renewable solar energy into all parts of the world to help reduce global dependency on fossil fuels and encourage sustainable development.''

Dr. Shi added, ''At Suntech, we are committed to this vision and are continually working with governments, businesses and industry associations to make this vision a reality.''

Dr. Shi was selected by an independent panel of world-respected management strategists, academics and corporate personalities. Winners of the CBLA will be considered for awards at the Asia Business Leaders Awards 2007 (ABLA).

About The China Business Leaders Award

The China Business Leaders Awards 2007 (CBLA) recognizes excellence in business leadership. Recipients of the Awards are visionary leaders behind today's most outstanding businesses. They are inspiring individuals who epitomize strength, ingenuity, knowledge, vision and represent the ''best of the best'' in China.

Winners of the CBLA will compete as finalists at the Asia Business Leaders Awards 2007 (ABLA). Founded by CNBC in 2001, the ABLA is a world-class event that recognizes and celebrates the spirit of achievement and excellence in business leadership in Asia.

About Suntech

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, North America, Japan and China. 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. 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:

    In the United States:
     Sanjay M. Hurry
     Vice President
     The Piacente Group, Inc.
     Tel:   +1-212-481-2050
     Email: suntech@tpg-ir.com

    In China:
     Rory Macpherson
     Investor Relations Manager
     Suntech Power Holdings Co., Ltd.
     Tel:   +86-510-8531-8922
     Email: rory@suntech-power.com