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Suntech Chairman and CEO Dr. Zhengrong Shi Wins Banksia International Award for Environmental Leadership

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 renewable sources.

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 Foundation.

For more information, please visit http://www.banksiafdn.com .

About Suntech

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 China:
     Rory Macpherson
     Investor Relations
     Tel:   +86-510-8531-8922
     Email: rory@suntech-power.com

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