SAN FRANCISCO, Jan. 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 Suntech’s participation in a solar-energy system constructed for the roof of the town hall in Genk, Belgium. The project was engineered by Netherlands-based Oskomera Solar Power Solutions (OSPS) in collaboration with Belgium-based ENECO Energie. The system consists of approximately 1,260 Suntech solar modules with a capacity of 239kW. Project engineering, delivery and installation was executed within a short, three-month time frame.
OSPS is a supplier of complete solar power systems for building integrated solutions in The Netherlands, Belgium, the United Kingdom, Germany and Spain. ENECO Energie is one of the largest energy suppliers to both companies and consumers in the Netherlands. As joint venture partners, OSPS and ENECO Energie have worked together in collaboration on high quality solar energy systems for over five years.
“OSPS and ENECO Energie have been working in the Belgian and Dutch solar markets for over five years, and we are pleased to collaborate with them in this high profile project,” said Jerry Stokes, President of Suntech Europe. “Solar energy investment in Flanders is growing rapidly due to healthy solar incentives and as Suntech continues to drive down the cost of solar products over the coming years we expect investment to accelerate in this budding market.” Flanders, Belgium offers a range of incentives for the development of solar projects including a feed in tariff of euro 0.45/kWh.
Dennis Gieselaar, Managing Director of OSPS, said, “The Genk roof mounted installation is the pilot of many more projects to be realized in the coming months using Suntech’s solar module technology. Based on our close cooperation with the Suntech Europe team, OSPS was able to realize this project efficiently and with a very satisfied client.”
Dr. Zhengrong Shi, Suntech’s Chairman and CEO, commented, “We hope to expand our relationship with both of these fine partners on additional European projects. Belgium and The Netherlands are attractive emerging solar markets and our participation in this region exemplifies Suntech’s name recognition and strong brand equity internationally.”
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 building integrated photovoltaic (BIPV) products under the MSK brand. Suntech has sales offices worldwide and is a market share leader in key global solar markets. 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 comments about the Suntech’s expectations of the growth of the solar market in Belgium and The Netherlands. 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:
Contact in China:
Rory Macpherson
Investor Relations Manager
Suntech Power Holdings Co., Ltd.
Tel: +86-510-8531-8922
Email: rory@suntech-power.com
Contact in the United States:
Sanjay M. Hurry
Vice President
The Piacente Group, Inc.
Tel: +1-212-481-2050
Email: suntech@tpg-ir.com
