SAN FRANCISCO and SYDNEY, Australia, July 21 /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 the winner of the
Banksia International Award in recognition of his outstanding contributions to
environmental protection initiatives and environmental awareness. The award
was presented to Dr. Shi at a ceremony in Melbourne, Australia on July 18th.
"Dr. Shi's efforts to build one of the world's largest solar companies and
provide renewable energy solutions for sustainable development are a prime
example of combining successful business with environmental leadership. We
are pleased to present this award to Dr. Shi and hope that the achievements of
Banksia Award recipients encourage a new wave of green entrepreneurs to
develop effective solutions to the world's mounting environmental challenges,"
said Graz van Egmond, executive director, Banksia Environmental Foundation.
The Banksia International Award was created by the Banksia Environmental
Foundation in 1995 to identify and celebrate extraordinary individuals or
organizations that are making a significant contribution to improving the
environment on a global scale. The award is the highest accolade Australia
confers to an individual for environmental achievement in the global arena.
Previous winners of the Banksia International Award include Arnold
Schwarzenegger, Governor of California, Lord John Browne, group chief
executive BP, oceanographer Dr Sylvia Earle, and Sir David Attenborough.
"I am honored to receive this designation from the Banksia Environmental
Foundation," said Dr. Zhengrong Shi. "The symptoms of climatic change are
ubiquitous and of worldwide concern, and I feel strongly that it is our
responsibility, both as individuals and as corporations, to proactively
support initiatives that conserve our environment and encourage sustainable
development. It is with that goal in mind that Suntech passionately drives
technology advancements to reduce cost and facilitate the widespread adoption
of solar power."
Suntech plays a leading role in the development and support of green
initiatives in China and internationally through sponsorship of environmental
protection programs, participation in the design and installation of solar
projects, and continuous education of political and business constituents. Dr.
Shi personally devotes more than 20 percent of his time to meeting with
government officials, business leaders, academics and citizens to build
awareness about climate change and global warming.
Suntech's commitment to the highest standards of resource conservation and
environmental protection extend to its own facilities, including its new
headquarters which is under construction in Wuxi, China. Suntech's new
headquarters will incorporate a wide variety of environmentally friendly
architectural techniques including geothermal heating, convection cooling,
extensive use of natural light, rain water recycling, and a 1MW solar facade,
designed with a target to generate 85% of the building's energy needs from
About the Banksia Environmental Foundation
The Banksia Environmental Foundation is an independent and collaborative
national organisation that unites Australian businesses, individuals and
government to recognise environmental excellence, promote best practice and
contribute solutions that address Australia's major environmental issues. The
Banksia Environmental Foundation formed in 1989 when a group of diverse
Australians assembled to support and recognise members of the community for
their positive and pro-active contribution to the environment. The Banksia
Awards are the Foundation's flagship event, recognising environmental
excellence by business, governments and individuals. Australian Prime
Minister, The Hon. Kevin Rudd MP is Patron of the Banksia Environmental
For more information, please visit http://www.banksiafdn.com .
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 BIPV products under the
MSK Solar Design Line(TM). 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 include Suntech's ability to complete the construction of its new
headquarters in Wuxi, the ability to include environmentally friendly
architectural techniques in the construction, and the amount of energy needs
the building will generate from renewable sources. 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
The Piacente Group, Inc. (Investor Relations Counsel, Suntech)