WUXI, China and the United Arab Emirates, Aug. 12 /PRNewswire-Asia/ --
Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest crystalline
silicon photovoltaic module manufacturer, today announced it has been selected
by Aldar Properties PJSC to supply over 1,120 solar panels for a 292 kW solar
system for The Shams Tower, an iconic building on Yas Marina Circuit in Abu
Enviromena, the Abu Dhabi based solar power system integrator, has
designed and will install the solar system and Aldar, Abu Dhabi's leading
property development, management and investment company, is developing the
"We commend Aldar and the Yas Marina Circuit management for incorporating
Abu Dhabi's sustainable vision into the course design," said Nader Jandaghi,
Suntech's Director of Middle East Sales. "They have shown motorsport
enthusiasts worldwide that racing excellence can also contribute to a cleaner
tomorrow. Suntech looks forward to continuing to collaborate with highly
experienced partners such as Aldar and Enviromena to bring solar to the UAE."
The 2,500 square meter building integrated solar array, which sits on the
60-metre high Shams Tower, will simultaneously provide shade for the car park
underneath and produce 450 megawatt hours of clean, solar electricity annually.
Power generated will not only offset electricity needs during motorsports
events, but will also continue to power the Yas Marina Circuit facility for
decades, saving 400 tons of greenhouse gases annually.
"Enviromena is delighted to be working with Aldar and Suntech on the Yas
Marina Circuit. This unique project will demonstrate how solar can be
incorporated into the built environment and serve as a high profile example
for sustainable design in Abu Dhabi," said Sami Khoreibi, President and CEO of
Enviromena. "Suntech's expertise in building integrated solar products and
commitments to quality and technology innovation are an excellent fit with
Enviromena's mission to promote environmentally sustainable development in the
Steve K Worrell, Aldar's Director-Mixed Use Development, Yas Island
Project, said, "We are very pleased that with the assistance of Enviromena and
Suntech, we were able to create a solar solution that delivered impressive
aesthetics and maximized solar energy production at the Yas Marina Circuit
development. The government of Abu Dhabi is committed to achieving a target
of 7% renewable energy by 2020 and Aldar is delighted to play its part in this
Abu Dhabi was recently picked as the headquarters for the International
Renewable Energy Agency, and continues with initiatives to show the rest of
the region how clean solar energy can co-exist within population centers. Abu
Dhabi's sustainability culture was the vision of His Highness, the late
Founding Father and President of the United Arab Emirates, Sheikh Zayed bin
Sultan al Nahyan, who championed the cause of environmental stewardship.
This is the second high profile project in the Middle East that Suntech
has participated in. Earlier this year, Suntech supplied 5MW of solar panels
for a 10MW solar system to power Masdar City, the world's first carbon neutral
city being built in Abu Dhabi. The project was also designed and installed by
Aldar Properties PJSC is Abu Dhabi's leading property development,
management and investment company. It listed on the Abu Dhabi Securities
market in 2004. Aldar was established to support the region's infrastructure
through the creation of high quality, attractive and sustainable communities
equipped with residential, commercial, retail, leisure, hospitality, education
and medical facilities.
Aldar's diverse property portfolio includes major developments and
re-developments within Abu Dhabi including Yas Island, Al Raha Beach, Central
Market, Nareel Island, and Noor Al Ain. The company owns over 50 million
square metres of land in strategic locations throughout the Emirate.
For further details visit http://www.aldar.com .
Enviromena is an Abu Dhabi based solar power system integrator dedicated
to meeting the growing energy needs of the MENA region. Our solar power
solutions create clean power, actively contributing to reducing climate change
and creating a sustainable future.
The company's highly experienced team designs, supplies and installs
turnkey photovoltaic power systems for utility scale, commercial and
residential applications. Other services include design and installation of
solar hot water systems and solar powered lighting products.
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
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 including the United
Arab Emirates, 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 ability of the solar system to produce 450MW hours of energy
and off set 400 tons of greenhouse gases annually. 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:
Investor Relations Director
Suntech Power Holdings Co., Ltd.
In the United States:
Executive Vice President
The Piacente Group, Inc. (Investor Relations Counsel, Suntech)
Marketing and Communications Manager
Mob: 050-686 1380