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Suntech Chairman and CEO Dr. Zhengrong Shi Named One of TIME's 2007 'Heroes of the Environment'

SAN FRANCISCO, Calif., Oct. 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, has been named one of TIME magazine's 2007 "Heroes of the Environment." TIME International's selection of 43 heroes celebrates "the most innovative and influential protectors of the planet."

Dr. Shi shares TIME's honor with leaders and visionaries including Nobel Peace Prize Laureate Al Gore, German Chancellor Angela Merkel and Charles, Prince of Wales; activists and scientists including Kenyan environmentalist Wangari Maathai, director of NASA's Goddard Institute for Space Studies James Hansen, and the design team of the Toyota Prius; and moguls and entrepreneurs including Richard Branson, founder of the Virgin brand of over 360 companies, General Electric's CEO Jeffrey Immelt, and Tulsi Tanti, founder of Suzlon, the world's fourth largest wind-turbine maker.

Dr. Shi's profile in TIME is authored by Dr. Martin Green, executive research director of the ARC Photovoltaics Centre of Excellence at the University of New South Wales (UNSW). Dr. Shi began his lifelong commitment to solar energy when Dr. Green offered him a scholarship to conduct solar-cell research for UNSW in 1989. After earning his Ph.D., he became deputy research director of a university spin-off that was developing next-generation solar technology. In 2001, he founded Suntech, which became the first private Chinese company to list on the New York Stock Exchange. Today, Dr. Shi devotes over 20 percent of his time to meeting with Chinese government officials, business leaders, academics and citizens to build awareness about climate change and global warming.

"It is a distinct honor to be named in such esteemed global company," said Dr. Zhengrong Shi. "TIME's piece recognizes the diverse contributions of individuals that are giving a clear and compelling voice to the issues of climate change and environmental protection. TIME calls readers to 'a sense of urgency' with respect to our planet, and at Suntech, we know that support for solar energy is building within societies and in countries all over the world. I personally believe in the ability of solar power to transform the way the world powers itself, and I strongly believe that each individual can make a difference."

TIME's "Heroes of the Environment" (October 29 Europe, Asia and South Pacific issues) may be viewed at: http://www.time.com/heroes2007

TIME's profile of Dr. Shi may be viewed at:

http://www.time.com/time/specials/2007/article/0,28804,1663317_1663322_1669932

,00.html

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.

    For more information, please contact:

    In China:

     Rory Macpherson
     Investor Relations Manager
     Suntech Power Holdings Co., Ltd.
     Tel:   +86-510-8531-8922
     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.
    -0-                             10/24/2007
    /CONTACT:  In China: Rory Macpherson, Investor Relations Manager of
Suntech Power Holdings Co., Ltd., +86-510-8531-8922, or rory@suntech-power.com;
or In the United States: Sanjay M. Hurry, Vice President of The Piacente Group,
Inc., +1-212-481-2050, or suntech@tpg-ir.com /
    /Web Site:  http://www.suntech-power.com /
    (STP)

CO:  Suntech Power Holdings Co., Ltd.;
ST:  China, California
IN:  PUB OIL UTI
SU:  ASI



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5395 10/24/2007 14:06 EDT http://www.prnewswire.com