SAN FRANCISCO and WUXI, China, Sept. 4 /Xinhua-PRNewswire/ -- Suntech
Power Holdings Co., Ltd. (NYSE: STP), one of the world's leading manufacturers
of photovoltaic (PV) cells and modules, today announced it has been selected
to supply 5,445 Suntech solar panels for a 1MW solar electricity system at The
North Face(R) West Coast distribution center in Visalia, Calif. The system
will be installed by EI Solutions, on RayTracker(TM) GC single-axis solar
According to national metric data provided by the Environmental Protection
Agency, the solar system is expected to reduce carbon emissions by over 1,300
metric tons annually, which is equivalent to removing close to 250 automobiles
from operation for one year or preserving over 11 acres of forest.
''We are very pleased that Suntech solar modules have been selected for
this project and value our association with the quality of The North Face
Brand. We look forward to our collaboration with EI Solutions and Recurrent
Energy on the innovative design and installation of the project,'' said Roger
Efird, President of Suntech America.
The new system, based on EI Solutions' innovative design, will be
installed over a storm water retention area located on the property, allowing
for its dual use and providing a buffer to adjacent properties. By protecting
the retention function of the area, the design negates the need for a new
draining system while at the same time providing a clean, noise-free use of
the land and financial savings.
''By combining Suntech's high efficiency solar panels and RayTracker(TM)
solar trackers, we were able to maximize the power output of the solar system
for The North Face,'' said Andrew Beebe, President of EI Solutions. ''This
single system will generate over 2 million kWh kilowatt-hours per year and
reduce carbon emissions by over 1,300 metric tons annually.''
Scheduled to be completed by the end of this year, the system will be
financed, owned and operated by San Francisco-based Recurrent Energy. 100% of
the electricity will be sold to The North Face under a power purchase
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 .
About EI Solutions
EI Solutions is one of California's fastest-growing providers of
commercial and utility-scale solar power systems. The company has completed
projects for a wide variety of public agencies and private companies including
Sony, BT and the largest solar installation on a US corporate campus, a 1.6
megawatt system on Google's Mountain View headquarters. EI Solutions'
headquarters are in San Rafael, California, where all engineering, project
management, finance and administrative functions are based. EI Solutions also
operates a sales and marketing office in Pasadena, California, at the home of
its parent company, Energy Innovations. Energy Innovations, an Idealab
company, has assembled a world-class team of experts in the fields of solar
concentration and single axis tracking to deliver cost-effective, grid-
competitive solar electric power. More information can be found at
http://www.eispv.com or by calling 800.237.0916.
About Recurrent Energy
Recurrent Energy is a leading solar power developer and an industry
pioneer in Solar as a Service(SM). The company owns and operates onsite solar
power systems, selling clean electricity to its customers at grid-competitive
rates. By overcoming the barriers preventing widespread adoption of
distributed solar power, Recurrent Energy makes solar a practical choice for
today's large energy users in the commercial, government, and utility markets.
For more information on Recurrent Energy and Solar as a Service, please visit
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 the ability to successfully install the solar system, the
reduction of carbon emissions the solar system is expected to achieve, the
amount of power the solar system will be able to generate, and the scheduled
completion date of the solar system. 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 further information, please contact:
Investor Relations Director
Suntech Power Holdings, Co. Ltd.
In the United States:
Sanjay M. Hurry
The Piacente Group, Inc. (Investor Relations Counsel, Suntech)