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.