Soleos Targets Up to 30MW Purchases from Suntech in 2009
BORNHEIM-SECHTEM, Germany and WUXI, China, April 15 /PRNewswire-Asia/ --
Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest manufacturer
of crystalline silicon photovoltaic (PV) modules, and Soleos Solar GmbH
("Soleos"), a PV systems integrator that manufactures and distributes solar
power installations, today announced that they have entered into agreements
for Suntech to supply Soleos with at least 6MW of modules in the first half of
David Mabille, Soleos' CEO, remarked, "We are very pleased to extend our
relationship with Suntech, who has a well-earned reputation for delivering
highly efficient PV products. Given the growing demand for premium-quality
modules in the European market in countries such as Germany, France, Italy and
Belgium, we anticipate purchasing up to 30MW of solar panels from Suntech over
the course of the year."
Soleos' strong reputation for integrating high performance solar systems
across Europe is supported through long-term collaborations with key suppliers.
Mr. Mabille continued, "It is essential for us to have a strong partner
alongside us such as Suntech. This partnership ensures a long-term, steady
source of high-quality PV products for our customers."
Jerry Stokes, Suntech's President of Suntech Europe, stated, "Solar
project developers worldwide are increasingly placing a premium on consistency
of quality and performance, two attributes synonymous with the Suntech brand.
Soleos is a strong partner in Europe and we are delighted to expand our
relationship with them."
About Soleos Solar
Soleos Solar GmbH is a PV-system integrator based in Bornheim-Sechtem
Germany that manufactures and distributes solar power installations. The
Company's system integrator experts pride themselves on up to 15 years of
experience in the photovoltaic market, both in the field of grid-tied
PV-systems, starting from the low kWp to the large MWp range, and in the field
of off-grid installations, such as pump installations, professional
communication systems and applications in the field of leisure time (e.g.
caravans). The Company is a competent wholesaler and system provider in the
field of photovoltaics, and offers consultation and planning via a wide
distribution network of retailers and solar installation experts.
Suntech Power Holdings Co., Ltd. (NYSE: STP) is the world's leading solar
energy company as measured by production output of solar modules. Suntech
designs, develops, manufactures, and markets premium-quality, high-output,
cost-effective and environmentally friendly solar products for electric power
applications in the residential, commercial, industrial, and public utility
sectors. Suntech's patent-pending Pluto technology for crystalline silicon
solar cells improves power output by up to 12% compared to conventional
Suntech also offers one of the broadest ranges of building-integrated
solar products under the MSK Solar Design Line(TM). Suntech designs and
delivers commercial and utility scale solar power systems through its wholly
owned subsidiaries Suntech Energy Solutions and Suntech Energy Engineering.
With regional headquarters in China, Switzerland and San Francisco and sales
offices worldwide, Suntech is passionate about improving the environment we
live in and dedicated to developing advanced solar solutions that enable
sustainable development. For more information, 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 includes the expected availability of panels and the anticipated volume of
purchases for 2009. 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
For further information please contact:
For Soleos Solar
Marketing/ Public Relations
Soleos Solar GmbH
Investor Relations Director
Suntech Power Holdings Co., Ltd.
In the United States:
Sanjay M. Hurry
The Piacente Group, Inc. (Investor Relations Counsel, Suntech)
SOURCE Suntech Power Holdings Co., Ltd.
/CONTACT: For Soleos Solar: Antje Nieber, Marketing - Public Relations,
Soleos Solar GmbH at +49-2227-9291-28 or firstname.lastname@example.org; For Suntech:
In China: Rory Macpherson, Investor Relations Director, Suntech Power Holdings
Co., Ltd. at +86-21-6288-5574 or email@example.com; In the United States:
Sanjay M. Hurry, Vice President, The Piacente Group, Inc. (Investor Relations
Counsel, Suntech) at +1-212-481-2050 or firstname.lastname@example.org/
/Web site: http://www.suntech-power.com /
CO: Suntech Power Holdings Co., Ltd.; Soleos Solar GmbH
ST: Germany, China
IN: OIL ENV GRE
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2457 04/15/2009 08:00 EDT http://www.prnewswire.com