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Suntech Signs Contract with Recurrent Energy to Deliver 5MW of Modules in Q4 2009 for California's Largest Solar Photovoltaic System

SAN FRANCISCO, Aug. 5 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest crystalline silicon photovoltaic (PV) module manufacturer, announced today that it has been selected to supply over 25,000 modules for Recurrent Energy's five megawatt municipal solar power project atop the Sunset Reservoir in San Francisco, California. All modules are scheduled for delivery in the fourth quarter of 2009.

The project, contracted by the San Francisco Public Utilities Commission in late 2008 and signed into law by San Francisco Mayor Gavin Newsom in May 2009, will more than triple San Francisco's total municipal solar power output from 2MW today to 7MW upon completion in 2010. According to the SFPUC, it will be California's largest solar photovoltaic (PV) system to date.

''Suntech America and Recurrent Energy are both San Francisco-based companies and we are proud to jointly participate in bringing a green energy future to this wonderful city,'' said Steven Chan, Suntech's Chief Strategy Officer and President, Global Sales/Marketing. ''Working together, we can help reduce dependence on fossil fuels throughout North America. Forward-thinking projects such as the Sunset Reservoir system set a notable precedent for reducing greenhouse gases and stimulating a national green economy.''

After extensive vetting, Recurrent Energy chose Suntech's high-efficiency solar modules to help maximize energy production after considering the site's urban setting and finite usable roof space. Suntech modules are effective in converting the sun's rays into electricity in low and indirect light, an important factor given the site's wide variety of weather conditions during the year.

''The combination of the system design and Suntech modules will help us to deliver the maximum amount of solar energy and environmental benefits over the lifetime of the Sunset Reservoir project,'' said Arno Harris, CEO of Recurrent Energy. ''This PV system is expected to produce enough renewable energy to provide for 1,000 typical City residents, avoiding the release of more than 109,000 metric tons of carbon dioxide emissions.''

Recurrent Energy will own and operate the system and sell all the renewable electricity to the City and County of San Francisco under a 25-year power purchase agreement. The anticipated production for the 5 MW project is 6,560,000 kWh in the first year. Under the agreement, Recurrent Energy assumes all financing, construction, and operating obligations for the project.

About Recurrent Energy

Recurrent Energy is a distributed power company and a leading provider of solar energy. The company solves rising global demand for clean energy by developing and owning solar power plants located in areas of high demand where power is needed most. Recurrent Energy sells clean electricity to commercial, government, and utility customers at competitive rates via Power Purchase Agreements or Feed-in Tariffs. Notable projects include a 5 megawatt planned installation with The City and County of San Francisco, which will be the largest municipal solar installation in the United States upon completion. For more information on Recurrent Energy and distributed solar power, please visit http://www.recurrentenergy.com .

About Suntech

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 subsidiary 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 includes the ability of Suntech to supply the modules under the agreement, the completion date of the system, the amount of energy the system will generate upon completion, and the number of residents to whom the system can provide power. 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.

    Media Contacts

    For Suntech:
    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:
     Kristen McNally
     Executive Vice President
     The Piacente Group, Inc. (Investor Relations Counsel, Suntech)
     Tel:   +1-212-481-2050
     Email: suntech@tpg-ir.com

    For Recurrent Energy:
     Sean Gibson
     Bite Communications
     Tel:   +1-415-365-0395
     Email: sean.gibson@bitepr.com

SOURCE  Suntech Power Holdings Co., Ltd.

    -0-                             08/05/2009
    /CONTACT:  For Suntech: In China: Rory Macpherson, Investor Relations
Director of Suntech Power Holdings Co., Ltd., +86-21-6288-5574, or
rory@suntech-power.com; In the United States: Kristen McNally, Executive Vice
President of The Piacente Group, Inc. (Investor Relations Counsel, Suntech),
+1-212-481-2050, or suntech@tpg-ir.com; For Recurrent Energy: Sean Gibson of
Bite Communications, +1-415-365-0395, or sean.gibson@bitepr.com /
    /Web Site:  http://www.suntech-power.com /
    (STP)

CO:  Suntech Power Holdings Co., Ltd.

ST:  California, China
IN:  CPR OIL UTI
SU:  CON






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0565 08/05/2009 08:00 EDT http://www.prnewswire.com