SAN FRANCISCO and WUXI, China, Dec. 4 /PRNewswire-Asia/ -- Suntech Power
Holdings Co., Ltd. (NYSE: STP), the world's leading manufacturer of
photovoltaic (PV) modules, today announced that it recently completed two
solar power plants in Spain in collaboration with a+f GmbH, a subsidiary of
the GILDEMEISTER group, whose high performance SunCarrier single axis tracker
is a market leader.
Suntech supplied approximately 50% of all modules utilized in an 8.5MWp
solar plant in Alange and a 7.4MWp solar plant in Alconera. The modules were
installed on over 450 a+f SunCarrier trackers, which increase the power
efficiency of the solar systems by up to 32% above that of fixed mounted solar
systems. In total the two solar plants will produce enough energy to power
around 9,300 households and save carbon dioxide emissions of approximately
19,000 tons per year.
a+f's Managing Director, Dr. Rico Wojanowski said, "Our advanced
SunCarrier tracking technology is perfectly matched with Suntech's
internationally acclaimed high output solar modules. The combination of these
two products enabled us to efficiently use the land available and develop a
high power output solar solution that can satisfy the energy needs of
thousands of households."
Jerry Stokes, President of Suntech Europe, said, "These solar projects
illustrate the potential for inter-value chain collaboration to provide highly
efficient and completely sustainable energy solutions. Suntech's dedication to
producing premium quality, high power output solar products is a key factor
leading to our strong brand recognition in Europe."
Suntech has built strong partnerships with many leading solar project
developers and distributors in Spain, Italy and Greece through the consistent
supply of extremely reliable, high conversion efficiency solar modules.
Suntech expects to ship over 230MW of solar modules to Southern Europe in 2008.
About Suntech
Suntech Power Holdings Co., Ltd. (NYSE: STP) 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 a+f
Wuerzburg, Germany based a+f GmbH has been working successfully over 15
years as a manufacturer of industrial plant equipment. As a subsidiary of the
GILDEMEISTER group, a+f has access to the know-how and skills of this world-
market leader in metal-cutting machine tools. In particular, the world-wide
service network guarantees rapid reaction times and therefore constant
availability for your installation.
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,
including the MWp of the solar power plants, the ability of SunCarrier
trackers to increase power efficiency, and the ability of the two solar plants
to power 9,300 households and save 19,000 tons of carbon emissions per year.
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 Director
Suntech Power Holdings Co., Ltd.
Tel: +86-21-6288-5574
Email: rory@suntech-power.com
In the United States:
Sanjay M. Hurry
Vice President
The Piacente Group, Inc.
Tel: +1-212-481-2050
Email: suntech@tpg-ir.com
