SAN FRANCISCO, Nov. 4 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co.,
Ltd. (NYSE: STP), the world's largest manufacturer of photovoltaic (PV)
modules, today announced the completion of the California Institute of
Technology's (Caltech) 238 kWp solar array. The system was designed and
installed by Suntech Energy Solutions, a wholly owned subsidiary of Suntech
Power Holdings Co., Ltd., and utilized an innovative space frame that
accommodated more modules to maximize solar energy production. This also
resulted in more shading for cars on the top deck of the parking structure
where the array is located.
"The use of the innovative space frame structure to mount the modules
allowed us to maximize both electricity production and coverage of the top
parking deck for Caltech," said Mack MacReady, Suntech Energy Solutions' Sr.
Project Manager. "This solar array will provide the optimal production in
terms of both energy produced and at the best economic return."
The system will produce approximately 320,000 kilowatt hours in its first
year of operation -- enough to power the equivalent of 30 homes. Caltech
began investigating solar options in 2006 as part of its broader
"We appreciate Suntech Energy Solution's help and assistance in achieving
this milestone," said Jim Cowell, Associate VP for Facilities at Caltech.
"This facility will allow us to reduce our dependence on nonrenewable sources
of energy and allow Caltech to conduct research in a more sustainable way."
"Caltech has taken a leadership role in Pasadena and among universities
across the country in sustainability," said Mark Newton, Sr. Project Developer,
Suntech Energy Solutions. "It has been our great pleasure to help them meet
their sustainability objectives."
The solar array is the largest commercial PV installation in the city of
Pasadena. Caltech took advantage of the Pasadena Water and Power, Pasadena
Solar Initiative rebate program under the auspices of the California Solar
Initiative (CSI). Pasadena has set a goal of achieving 14 MW of solar within
their service territory and has created one of the most generous incentive
programs in the country.
"Pasadena has been a leader among public utilities in developing programs
to meet the goals of the CSI," said Steve Chadima, VP of External Affairs,
Suntech Energy Solutions. "We hope that this project serves as an inspiration
to other public utilities and to colleges and universities throughout
California in support of the state's efforts to generate an increasing amount
of its electricity from renewable sources."
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. Suntech Energy Solutions is
a wholly owned subsidiary of Suntech Power Holdings Co., Ltd. For more
information, please visit http://www.suntech-power.com .
With an outstanding faculty, including five Nobel laureates, and such
off-campus facilities as the Jet Propulsion Laboratory, Palomar Observatory,
and the W. M. Keck Observatory, the California Institute of Technology is one
of the world's major research centers. The Institute also conducts
instruction in science and engineering for a student body of approximately 900
undergraduates and 1,300 graduate students who maintain a high level of
scholarship and intellectual achievement. Caltech's 124-acre campus is
situated in Pasadena. Caltech is an independent, privately supported
university. On the web at: http://www.caltech.edu/
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 the amount of energy the Caltech system will produce, the
equivalent number of homes the system could power, and the ability to achieve
targeted solar goals in Pasadena. 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:
Director of Marketing
Suntech Energy Solutions