WUXI, China, May 24 /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 Dr. Zhengrong Shi, Suntech's Chairman and CEO, spoke yesterday at the first meeting of Global Leadership for Climate Action (GLCA), an international initiative to address climate change, co-sponsored by the Club of Madrid and the United Nations Foundation. The first meeting of the initiative GLCA was held this week in Madrid, Spain.
The Global Leadership for Climate Action initiative is chaired by Ricardo Lagos, President of the Club of Madrid along with co-chair Timothy Wirth, President of the United Nations Foundation. Members of the initiative GLCA include six former heads of State, seven former heads of Government, and twelve prominent leaders with experience in government, intergovernmental organizations, business and non-governmental organizations, from more than 20 countries.
The objective of the initiative GLCA is to propose a framework for an international agreement on climate change. Recommended actions will be presented to the G8+5 Gleneagles Dialogue on Climate Change, Clean Energy and Sustainable Development, to be held during the G8 Summit taking place June 6 - 8 in Berlin, Germany.
At the GLCA meeting in Madrid, Dr. Shi spoke with renowned entrepreneur and philanthropist Ted Turner on critical issues behind the international call for climate action. Specifically, Dr. Shi commented on the role of solar energy technology in reducing international dependence on fossil fuels. Dr. Shi stated, "We are extremely optimistic about solar power's potential to play an increasing role in worldwide power generation. In contrast to other energy sources, our basic building material, silicon, is the second most abundant mineral on the Earth's surface, and, the Sun, as an energy source, is not only free but inexhaustible. An accelerated international transition to solar energy will play a critical role in reducing greenhouse gas emissions to stabilize the world's climate."
The Club of Madrid is an independent organization whose purpose and priority is to contribute to strengthening democracy in the world. It stimulates, promotes and conducts initiatives and activities and participates in projects seeking this objective. The Club of Madrid acts as a consultative body for governments, democratic leaders, and institutions involved in processes of democratic transition.
The second meeting of the initiative GLCA is expected to be held September 7 - 8, 2007 in Shanghai, China.
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 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 its thin film initiatives and strategies as well as the growth of the thin film market 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:
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
In the United States:
Sanjay M. Hurry
Vice President
The Piacente Group, Inc.
Tel: +1-212-481-2050
Email: suntech@tpg-ir.com
In China:
Rory Macpherson
Consultant
Ogilvy Public Relations Worldwide
Tel: +86-10-8520-6553
Email: rory.macpherson@ogilvy.com
