--1MW PV Solar System Largest in Switzerland --SCHAFFHAUSEN,SCHAFFHAUSEN, Switzerland and WUXI, China, May 18, 2009 /PRNewswire-Asia via COMTEX/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest manufacturer
of crystalline silicon photovoltaic (PV) modules, announced today that it will
supply Sunergic SA, one of Switzerland's leading solar system integrators,
with the solar panels for a 1MW solar system for Services Industriels de
Geneve (SIG), a Swiss utility. The SIG 1MW solar project is one of the largest
in Switzerland to date.
"Switzerland has demonstrated a clear commitment to pursuing sustainable
energy solutions and we are pleased to partner with Sunergic to bring solar
into the mix," said Jerry Stokes, Suntech's VP of Strategy and Business
Development. "With Suntech's European headquarters located in Schaffhausen, we
are in the process of uncovering the potential for more solar projects in
Switzerland and other new markets across Europe."
C. Hennard, Sunergic's Chairman, said, "Sunergic is delighted to have won
the tender for the SIG solar project despite strong competition. We believe
that the quality and credibility of the Suntech brand made the difference.
With this result, we are well positioned to become a leader in the Swiss solar
market, and look forward to working with Suntech on future projects."
About SUNERGIC SA:
Sunergic SA is a limited company registered in Vevey/Switzerland under
Swiss law, created by private investors coming from various fields. The
company's mission is to supply products and services related to renewable
energies and sustainable development, with a focus on PV and electrical
Through its partnership with Suntech and large Swiss electricity suppliers,
Sunergic targets to become the leading PV distributor and integrator in
Switzerland. Sunergic is also developing services related to electric mobility,
EVs and fuel cells fuelled by PV systems. For more information, please visit
Suntech Power Holdings Co., Ltd. (NYSE: STP) is the world's leading solar
energy company as measured by production output of crystalline silicon 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 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 and
will own and operate projects greater than 10 megawatts in the United States
through Gemini Solar Development Company, a joint venture with Renewable
Ventures, a Fotowatio company. 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 http://www.suntech-power.com .
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 Suntech's ability to uncover more solar projects in new markets
such as Switzerland. 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:
Investor Relations Director
Suntech Power Holdings, Co. Ltd.
In the U.S.:
Sanjay M. Hurry
The Piacente Group, Inc. (Investor Relations Counsel, Suntech)
SOURCE Suntech Power Holdings Co., Ltd.