Collaboration Will Advance Internal Module Recycling Initiative
SCHAFFHAUSEN, Switzerland and WUXI, China, May 7 /PRNewswire-Asia/ --
Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest manufacturer
of crystalline silicon photovoltaic (PV) modules, announced that it has joined
the PV CYCLE association which is engaged in establishing a voluntary
take-back and recycling program for end-of-life PV modules.
"Sustainability and minimizing the impact of energy generation on the
environment are two of the key principles driving the development of solar
energy," said Jerry Stokes, Suntech's Vice President of Strategy and Business
Development. "We believe that module life-cycle management and comprehensive
recycling is a natural extension of these concepts."
"With over 1.1GW of Suntech solar products shipped worldwide since our
inception, we believe it is essential that Suntech take a proactive role in
developing effective recycling programs. We are looking forward to
collaborating with the PV CYCLE association and further developing our
internal module recycling initiative," added Mr. Stokes.
"PV CYCLE welcomes Suntech as the latest member to our Association, which
now covers around 80% of the European photovoltaic market with its 35 member
companies spread around the globe. We look forward to seeing many more members
joining our voluntary take-back and recycling program. We need to ensure the
inclusion of all photovoltaic manufacturers and importers enforcing and
maximizing the representation of our responsibility as producers. Doing so
will make the photovoltaic industry truly DoubleGreen," declared Jan Clyncke,
Managing Director of PV CYCLE aisbl.
PV modules are designed to generate clean, renewable energy for over 25
years. With the first significant installations in the early 1990s, full-scale
end-of-life recycling is still another 10 to 15 years away. Nevertheless, the
PV CYCLE association is already developing concrete plans to develop a
recycling program that minimizes waste and maximizes re-use of valuable
resources such as glass, silicon and aluminum.
About PV CYCLE
PV CYCLE was founded in 2007 with the specific purpose of implementing the
photovoltaic industry's commitment to set up a voluntary take-back and
recycling program for end-of-life waste PV modules.
To produce green and renewable energy, end-of-life modules need to be
recovered and recycled. This will minimise waste and allow the re-use of
valuable raw materials to produce new modules.
By closing the life cycle of photovoltaic modules, industry players take
their responsibility and are "Making the photovoltaic industry DoubleGreen."
Suntech Power Holdings Co., Ltd. (NYSE: STP) is the world's leading solar
energy company as measured by production output of crystalline silicon
photovoltaic (PV) 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 production methods.
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 Suntech's ability to develop a comprehensive module recycling
program. 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:
For PV CYCLE:
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 PV CYCLE: Jan Clyncke, +32-2-400-10-96, or firstname.lastname@example.org;
For Suntech: In China: Rory Macpherson, Investor Relations Director of Suntech
Power Holdings Co., Ltd., +86-21-6288-5574, or email@example.com; In the
United States: Sanjay M. Hurry, Vice President of The Piacente Group, Inc.
(Investor Relations Counsel, Suntech), +1-212-481-2050, or firstname.lastname@example.org/
/Web Site: http://www.suntech-power.com /
CO: Suntech Power Holdings Co., Ltd.
ST: China, Switzerland
IN: CPR OIL UTI ENV GRE
-- CNTH035 --
4085 05/07/2009 08:45 EDT http://www.prnewswire.com