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Suntech Announces Contract to Supply World's Largest Solar Power Plant

WUXI, China, Nov. 22 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), one of the world's leading manufacturers of photovoltaic (PV) cells and modules, has announced it has recently entered into a solar module supply contract with Atersa, a subsidiary of Elecnor Group, one of Spain's leading project planning and integrated management and infrastructure development companies. In one of its largest and most sophisticated projects to date, Suntech will supply solar modules with an aggregate output of 23.2MW to Atersa for installation in the Photovoltaic Grid Connection Park in the Extremadura region of Spain. It is expected that these solar modules will be supplied within the first half of 2007.

''Atersa has broad experience in energy integration products and we are pleased to be able to work with them to build this Photovoltaic Park,'' said Dr. Zhengrong Shi, Suntech's Chairman and CEO. ''With Spain's recently enacted feed-in-tariffs and a climate favorable to solar energy production we expect that Spanish demand for solar products will grow rapidly in coming years. Suntech aims to be a long term provider of quality PV products in Spain and this project is a critical part of that effort.''

''After a careful evaluation of potential partners and suppliers for this landmark Photovoltaic Grid Connection Park, we chose Suntech as we were highly satisfied with the value and quality of their product,'' said Mr. Virgilio Navarro, Atersa's CEO. ''We look forward to working closely with Suntech as part of this project.''

The Photovoltaic Park will cover an area of 65 hectares and have more than 120,000 solar modules. When completed, it will be the largest such power plant in the world, generating over three times more energy than the next largest installation.

Suntech's sales in Spain have already grown to account for nearly 12% of total revenue in the third quarter of 2006 and this project will greatly increase the Company's presence in this market.

About Elecnor

The Elecnor Group is one of Spain's leading companies in the field of project planning and integrated management and infrastructure development, operating in the areas of energy, electricity, installations, gas, telecommunications, railways, the environment, water, operation and maintenance and construction. The Elecnor Group currently has a presence in over 30 countries, with its main markets lying in Central America, South America, French- and Portuguese-speaking Africa and the Middle and Far East.

About Suntech

Suntech Power Holdings Co., Ltd. is a leading solar energy company in the world as measured by both production output and capacity of solar cells and modules. Suntech provides solar solutions for a green future. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly PV cells and modules for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech's majority-owned subsidiary, MSK Corporation is one of Japan's largest PV manufacturers and one of the top-ranked companies in the building-integrated photovoltaics (BIPV) space. Suntech's customers are located in various markets worldwide, including key markets throughout Europe, Japan, China and the United States. 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. Among other things, Suntech's expectations with respect to their agreement with Elecnor contain forward-looking statements. 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:

    In China:
     Steven Chan
     VP of Business Development
     Suntech Power Holdings Co., Ltd.
     Tel:   +86-510-8531-8910
     Email: ir@suntech-power.com

     Rory Macpherson
     Senior Associate
     Ogilvy Public Relations Worldwide
     Tel:   +86-10-8520-6553
     Email: rory.macpherson@ogilvy.com

    In the United States:
     Thomas Smith
     Senior Vice President
     Ogilvy Public Relations Worldwide
     Tel:   +1-212-880-5269
     Email: thomas.smith@ogilvypr.com
SOURCE  Suntech Power Holdings Co., Ltd.
    -0-                  11/22/2006
    /CONTACT:  In China - Steven Chan, VP of Business Development of Suntech
Power Holdings Co., Ltd., +86-510-8531-8910, or ir@suntech-power.com; or Rory
Macpherson, Senior Associate, Ogilvy Public Relations Worldwide,
+86-10-8520-6553, or rory.macpherson@ogilvy.com, or in the United States -
Thomas Smith, Senior Vice President, +1-212-880-5269, or
thomas.smith@ogilvypr.com, both of Ogilvy Public Relations Worldwide, for
Suntech /
    /Web Site:  http://www.suntech-power.com /
    (STP)

CO:  Suntech Power Holdings Co., Ltd.; Elecnor Group
ST:  China, Spain
IN:  OIL UTI ENV
SU:  CON



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8757 11/22/2006 08:00 EST http://www.prnewswire.com