Suntech's Solar Panels Offset a Quarter of the Casino's Energy Consumption
VALLEY CENTER, Calif., March 24 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest manufacturer of crystalline silicon solar panels, today announced that it has completed a 1 megawatt (MW) solar installation for Harrah's Rincon Casino in Southern California, a top resort-gaming destination. The system will offset nearly a quarter of the Casino's total energy consumption and is part of Harrah's ongoing conservation and sustainability effort.
With over 4,000 Suntech solar panels installed at the Harrah's Rincon site, the system covers over five-and-a-half acres and will provide enough power to run nearly 90% of the 662-room property's HVAC system. The Harrah's Suntech solar installation is expected to provide the Casino with considerable energy cost savings over time.
"Led by the Rincon Band of Luiseno Indians in partnership with the California Center for Sustainable Energy, TRANE and San Diego Gas & Electric, the Harrah's Rincon Casino solar plant is a model for California businesses to follow and speaks to the success of the California Solar Initiative program," explained Steven Chan, Chief Strategy Officer of Suntech. "We're thrilled with the environmental and cost benefits from Harrah's solar installation as well as the education opportunity it provides for visitors to its resort."
Bo Mazzetti, Chairman of the Rincon Band of Luiseno Indians, said, "This is an important step forward in energy efficiency. It is just the beginning of what we, as a tribe, look to accomplish as responsible members of our community which is addressing the multiple energy and environmental issues that currently face all governments."
About Suntech Power
Suntech Power Holdings Co., Ltd. (NYSE: STP) is the world's leading solar energy company as measured by production output of crystalline silicon solar modules. Suntech designs, develops, manufactures, and markets premium quality, high-output, cost-effective and environmentally friendly solar products for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech offers an extensive range of customer-centric innovations, including its patent-pending Pluto technology for crystalline silicon solar cells, which improves power output by up to 12% compared to conventional production methods, its Reliathon(TM) module and platform, the industry's first fully integrated utility-scale solar platform, and its broad range of building-integrated solar products.
Suntech designs and delivers residential, commercial and utility-scale solar power systems in China and the United States. With regional headquarters in China, Switzerland and San Francisco and sales offices worldwide, Suntech is passionate about improving the environment we live in and dedicated to developing advanced solar solutions that enable sustainable development. 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, and includes the ability of Suntech products to generate a particular amount of power to offset a target amount of current usage; and the ability to reduce costs over time. 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:
For Suntech Power:
Sarahjane Sacchetti
Story Labs for Suntech America
Tel: +1-415-268-8881
Email: ssacchetti@suntechamerica.com
