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Suntech CEO Receives CCTV's Top 10 Entrepreneurs Award for 2006

WUXI, China, Jan. 22 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), one of the world's leading manufacturers of photovoltaic (PV) cells and modules, announced today that Dr. Zhengrong Shi, Suntech's Chairman and CEO, has been selected as a recipient of the Top 10 Entrepreneurs Award for 2006 by CCTV, the largest official television station in China. The award is given annually to honor China's top business leaders across a wide range of industries including banking, high tech, retail, energy, finance and manufacturing.

''It is a great honor to receive CCTV's Top 10 Entrepreneurs Award for 2006,'' said Dr. Shi. ''Since founding Suntech in 2001, it has been my dream not only to create a leading global solar company, but also to make an important contribution to China's overall economic and social development. With our hard work and commitment to investment in R&D, I am confident that Suntech will continue to be an innovative leader in the solar industry, both in China and worldwide.''

Dr. Shi continued, ''This award also demonstrates the importance China's government and society places on developing clean, alternative energy sources such as solar to ensure China's sustainable development.''

CCTV's Top 10 Entrepreneurs Award is the most prominent award recognizing individuals who have made outstanding contributions to China's economic development. Business leaders are selected based on demonstrated leadership in social responsibility, innovation, and positive influence on China's overall economic development.

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 increased government support and commitment to R&D highlighted above 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:

     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
SOURCE  Suntech Power Holdings Co., Ltd.
    -0-          01/22/2006
    /CONTACT:  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 of Ogilvy Public Relations Worldwide,
+86-10-8520-6553, or rory.macpherson@ogilvy.com /
    /Web Site:  http://www.suntech-power.com /
    (STP)

CO:  Suntech Power Holdings Co., Ltd.
ST:  China
IN:  OIL TVN UTI
SU:  AWD





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1266 01/22/2007 08:00 EST http://www.prnewswire.com