Escondido, CA – November 3, 2009: enXco – an EDF Energies Nouvelles Company (PARIS: EEN) announced today that it has entered into a sales agreement with Suntech Power Holdings Co., Ltd. (NYSE: STP), to supply up to 115 megawatts of photovoltaic modules in 2010.
The supply agreement will enable enXco to execute on its growing portfolio of 2010 projects in both the United States and Canada, for both rooftop and ground mounted utility-scale projects.
“We are impressed with Suntech’s record of quality and innovation and are pleased to enter into this supply agreement securing Suntech as a partner in serving our utility and rooftop customers’ needs,” said Erik Ellis, Director of Utility-Scale Solar.
“enXco has built exceptional expertise in the development of renewable energy projects over the past 20 years, and we are very pleased to partner with them in the expansion of their solar business,” said Steven Chan, Suntech’s Chief Strategy Officer. “Our commitment to continuously drive solar innovation and deliver the most cost effective solar solutions is a key element of this new partnership. We look forward to building upon this agreement and working with enXco to promote a transition to solar energy and sustainable development in the United States.”
About enXco, an EDF EN Company:
enXco (www.enxco.com) - an EDF Energies Nouvelles Company (www.edf-energies-nouvelles.com) develops, constructs, operates and manages renewable energy projects throughout the United States. For more than two decades, we have been a leader in wind-energy focusing on large-scale wind projects. Today enXco’s portfolio includes solar and biomass technologies, in an effort to help drive our nation’s transition to a sustainable energy economy. enXco is a significant owner and developer of wind-energy installations in the United States, and is the leading third-party operations & maintenance provider for wind farms in North America.
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, Reliathon™, the industry’s first fully integrated utility-scale solar platform, and its broad range of building-integrated solar products.
Suntech designs and delivers commercial and utility scale solar power systems in China and the United States and services a network of over 200 residential and commercial rooftop dealers in the United States. 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 115MW of products to enXco affiliates. 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.
enXco Media Contacts:
Marketing Manager, enXco
(760) 740-7022 ext. 140
Suntech Media Contacts:
In the United States:
Story Labs for Suntech America
Tel: +1 415-268-8881
Investor Relations Director
Suntech Power Holdings Co., Ltd.