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Suntech Signs 17MW Memorandum of Understanding with Pure energies, Expanding its Footprint in Ontario Solar Market

SAN FRANCISCO, Dec. 1 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's leading manufacturer of crystalline silicon photovoltaic (PV) modules, today announced it has signed a memorandum of understanding ("MOU") with Ontario, Canada's Pure energies to supply up to 17MW in 2010. The MOU, which also provides a framework for module supply from Suntech to Pure energies through 2011, is focused on bringing affordable, high-quality solar systems to Ontario's rapidly growing residential solar market.

Pure energies, while meeting the domestic content requirement for 2010, will deploy Suntech's industry-leading panels for its unique offering to the Ontario residential market, enabling the development of 'eco friendly' homes. Pure energies installs, leases and operates the solar systems for its customers. Pure energies' offering is bolstered by the Ontario Power Authority's (OPA) microFIT Program, designed to encourage the development of sub 10kW renewable energy projects across the province.

"Our agreement with Suntech is yet another win in establishing Pure energies' brand name for the booming Ontario solar market," said Ryan McCalley, Vice President and Co-Founder. "By securing Suntech's high quality panels and reliable supply our customers can trust the quality and value they're getting when they decide to take advantage of our unique offering."

"The Ontario solar market is on an exciting trajectory, due to recent policy decisions and an eager customer base," said Leonard May, Managing Director, North America Sales, Suntech. "We are confident in the innovative, focused approach of Pure energies and are looking forward to seeing the installations of Suntech panels spread across Ontario homeowner roofs next year."

Pure energies will begin marketing Suntech panels immediately for installations beginning in 2010.

About Pure energies

Pure energies is a Canadian company based in Toronto and founded by Canadian solar and finance specialists. Pure energies is working with recognized channel to market partners that ensure deployment volume. Pure energies has the scale and density to streamline installations while buying directly from the world's most recognized suppliers at terms and conditions normally reserved for large project developers. Pure energies will provide, install, finance, maintain and operate the deployed PV Solar systems. For more information, please visit http://www.pure-energies.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 offers an extensive range of customer-centric innovations, including its patent-pending Pluto technology for crystalline silicon solar cells, which improves power output by up to 12% compared to conventional production methods, its Reliathon(TM) module and platform, 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. 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 availability of Suntech panels for sale by Pure energies in 2010, the success of the offering Pure energies is providing to Ontario builders, and the growth of the Ontario solar market. 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 Pure energies:
     Ryan McCalley,
     Vice President and Co-Founder
     Pure energies
     Tel:   +1-416-913-0787
     Email: sales@pure-energies.com

    For Suntech:
    In the United States:
     Sarahjane Sacchetti
     Story Labs for Suntech America
     Tel:   +1-415-268-8881
     Email: ssacchetti@suntechamerica.com

    In China:
     Rory Macpherson
     Investor Relations Director
     Suntech Power Holdings Co., Ltd.
     Tel:   +86-21-6288-5574
     Email: rory@suntech-power.com

SOURCE Suntech Power Holdings Co., Ltd.

For Pure energies, Ryan McCalley, Vice President and Co-Founder of Pure energies, +1-416-913-0787, or sales@pure-energies.com; Or for Suntech: in the United States, Sarahjane Sacchetti of Story Labs for Suntech America, +1-415-268-8881, or ssacchetti@suntechamerica.com; or in China, Rory Macpherson, Investor Relations Director of Suntech Power Holdings Co., Ltd., +86-21-6288-5574, or rory@suntech-power.com