SAN FRANCISCO, Nov. 4 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest manufacturer of photovoltaic (PV) modules, today announced the completion of the California Institute of Technology's (Caltech) 238 kWp solar array. The system was designed and installed by Suntech Energy Solutions, a wholly owned subsidiary of Suntech Power Holdings Co., Ltd., and utilized an innovative space frame that accommodated more modules to maximize solar energy production. This also resulted in more shading for cars on the top deck of the parking structure where the array is located.
"The use of the innovative space frame structure to mount the modules allowed us to maximize both electricity production and coverage of the top parking deck for Caltech," said Mack MacReady, Suntech Energy Solutions' Sr. Project Manager. "This solar array will provide the optimal production in terms of both energy produced and at the best economic return."
The system will produce approximately 320,000 kilowatt hours in its first year of operation -- enough to power the equivalent of 30 homes. Caltech began investigating solar options in 2006 as part of its broader sustainability initiatives.
"We appreciate Suntech Energy Solution's help and assistance in achieving this milestone," said Jim Cowell, Associate VP for Facilities at Caltech. "This facility will allow us to reduce our dependence on nonrenewable sources of energy and allow Caltech to conduct research in a more sustainable way."
"Caltech has taken a leadership role in Pasadena and among universities across the country in sustainability," said Mark Newton, Sr. Project Developer, Suntech Energy Solutions. "It has been our great pleasure to help them meet their sustainability objectives."
The solar array is the largest commercial PV installation in the city of Pasadena. Caltech took advantage of the Pasadena Water and Power, Pasadena Solar Initiative rebate program under the auspices of the California Solar Initiative (CSI). Pasadena has set a goal of achieving 14 MW of solar within their service territory and has created one of the most generous incentive programs in the country.
"Pasadena has been a leader among public utilities in developing programs to meet the goals of the CSI," said Steve Chadima, VP of External Affairs, Suntech Energy Solutions. "We hope that this project serves as an inspiration to other public utilities and to colleges and universities throughout California in support of the state's efforts to generate an increasing amount of its electricity from renewable sources."
About Suntech
Suntech Power Holdings Co., Ltd. is a world leading solar energy company as measured by both production output and capacity of solar cells and modules. Suntech is passionate about improving the environment we live in and dedicated to developing advanced solar solutions that enable sustainable development. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly solar products for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech offers one of the broadest ranges of BIPV products under the MSK Solar Design Line(TM). Suntech has sales offices worldwide and is a market share leader in key global solar markets. Suntech Energy Solutions is a wholly owned subsidiary of Suntech Power Holdings Co., Ltd. For more information, please visit http://www.suntech-power.com .
About Caltech
With an outstanding faculty, including five Nobel laureates, and such
off-campus facilities as the Jet Propulsion Laboratory, Palomar Observatory, and the W. M. Keck Observatory, the California Institute of Technology is one of the world's major research centers. The Institute also conducts instruction in science and engineering for a student body of approximately 900 undergraduates and 1,300 graduate students who maintain a high level of scholarship and intellectual achievement. Caltech's 124-acre campus is situated in Pasadena. Caltech is an independent, privately supported university. On the web at: http://www.caltech.edu/
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 amount of energy the Caltech system will produce, the equivalent number of homes the system could power, and the ability to achieve targeted solar goals in Pasadena. 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:
Sara Hammes
Director of Marketing
Suntech Energy Solutions
Tel: +1-626-716-4110
Email: shammes@suntechamerica.com
