SAN FRANCISCO, Jan. 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 Suntech's participation in a solar-energy
system constructed for the roof of the town hall in Genk, Belgium. The
project was engineered by Netherlands-based Oskomera Solar Power Solutions
(OSPS) in collaboration with Belgium-based ENECO Energie. The system consists
of approximately 1,260 Suntech solar modules with a capacity of 239kW. Project
engineering, delivery and installation was executed within a short, three-
month time frame.
OSPS is a supplier of complete solar power systems for building integrated
solutions in The Netherlands, Belgium, the United Kingdom, Germany and Spain.
ENECO Energie is one of the largest energy suppliers to both companies and
consumers in the Netherlands. As joint venture partners, OSPS and ENECO
Energie have worked together in collaboration on high quality solar energy
systems for over five years.
"OSPS and ENECO Energie have been working in the Belgian and Dutch solar
markets for over five years, and we are pleased to collaborate with them in
this high profile project," said Jerry Stokes, President of Suntech Europe.
"Solar energy investment in Flanders is growing rapidly due to healthy solar
incentives and as Suntech continues to drive down the cost of solar products
over the coming years we expect investment to accelerate in this budding
market." Flanders, Belgium offers a range of incentives for the development of
solar projects including a feed in tariff of euro 0.45/kWh.
Dennis Gieselaar, Managing Director of OSPS, said, "The Genk roof mounted
installation is the pilot of many more projects to be realized in the coming
months using Suntech's solar module technology. Based on our close cooperation
with the Suntech Europe team, OSPS was able to realize this project
efficiently and with a very satisfied client."
Dr. Zhengrong Shi, Suntech's Chairman and CEO, commented, "We hope to
expand our relationship with both of these fine partners on additional
European projects. Belgium and The Netherlands are attractive emerging solar
markets and our participation in this region exemplifies Suntech's name
recognition and strong brand equity internationally."
Suntech Power Holdings Co., Ltd. is a world leading solar energy company
as measured by both production output and capacity of solar cells and modules.
Suntech is passionate about improving the environment we live in and dedicated
to developing advanced solar solutions that enable sustainable development.
Suntech designs, develops, manufactures, and markets a variety of high quality,
cost effective and environmentally friendly solar products for electric power
applications in the residential, commercial, industrial, and public utility
sectors. Suntech offers one of the broadest ranges of building integrated
photovoltaic (BIPV) products under the MSK brand. Suntech has sales offices
worldwide and is a market share leader in key global solar markets. 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 includes comments about the Suntech's expectations of the growth of the
solar market in Belgium and The Netherlands. 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:
Contact in China:
Investor Relations Manager
Suntech Power Holdings Co., Ltd.
Contact in the United States:
Sanjay M. Hurry
The Piacente Group, Inc.