Endorses Climate Sustainability Statement
WUXI, China, Feb. 21 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co.,
Ltd. (NYSE: STP), one of the world's leading manufacturers of photovoltaic (PV)
cells and modules, today announced that it has joined the Global Roundtable on
Climate Change and has endorsed its joint statement "The Path to Climate
"Climate change is a very real danger facing the world today," said Dr.
Zhengrong Shi, Suntech's chairman and CEO. "We hope this statement will help
people to recognize the dangers inherent in climate change and encourage
governments worldwide to develop effective policies to address it."
Dr. Shi continued, "We are greatly concerned by the trend towards global
warming and we will continue to engage with both private and public
institutions to raise awareness of this risk. We are already quite active
with governments and universities within China with this endeavor."
The statement calls on governments to set scientifically informed targets
for greenhouse gases and carbon dioxide (CO2) emissions and develop policies
aimed at addressing energy efficiency and de-carbonization in all sectors. It
also outlines cost-effective technologies that exist today and others that
could be developed and deployed to improve energy efficiency and help reduce
CO2 emissions and other greenhouse gases in major sectors of the global
David Leonard Downie, Director of the Global Roundtable on Climate Change,
said, "We are very pleased that Suntech has joined this initiative to combat
climate change. As one of the top manufacturers of solar energy equipment,
Suntech brings a very important perspective to the discussions of
de-carbonizing energy systems, a critical component of any strategy to address
Dr. Shi noted that alternative energy sources including solar power can
help to alleviate the dependence on fossil fuels and reduce emissions of
carbon dioxide and other greenhouse gases.
"Solar power is a zero emission energy source and a truly sustainable
alternative to traditional fossil fuels," added Dr. Shi. "As a leader in the
photovoltaic industry, Suntech is dedicated to driving technological advances
in large part to rapidly increase the affordability of solar energy for people
and nations worldwide."
The Global Roundtable on Climate Change which is part of the Earth
Institute of Columbia University in the City of New York brings together more
than 100 high-level, critical stakeholders from all regions of the
world-including senior executives from the private sector and leaders of
international governmental and non-governmental organizations-to discuss and
explore areas of potential consensus regarding core scientific, technological,
and economic issues critical to shaping sound public policies on climate
change. The joint statement is an outcome of roundtable dialogues over the
past three years. For more information about the Global Roundtable on Climate
Change, please visit http://www.earthinstitute.columbia.edu/grocc/
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 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 statements with regard to the affordability of
solar power 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:
VP of Business Development
Suntech Power Holdings Co., Ltd.
In the United States:
The Piacente Group, Inc.
Ogilvy Public Relations Worldwide