SAN FRANCISCO and WUXI, China, Dec. 4 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's leading manufacturer of photovoltaic (PV) modules, today announced that it recently completed two solar power plants in Spain in collaboration with a+f GmbH, a subsidiary of the GILDEMEISTER group, whose high performance SunCarrier single axis tracker is a market leader.
Suntech supplied approximately 50% of all modules utilized in an 8.5MWp solar plant in Alange and a 7.4MWp solar plant in Alconera. The modules were installed on over 450 a+f SunCarrier trackers, which increase the power efficiency of the solar systems by up to 32% above that of fixed mounted solar systems. In total the two solar plants will produce enough energy to power around 9,300 households and save carbon dioxide emissions of approximately 19,000 tons per year.
a+f's Managing Director, Dr. Rico Wojanowski said, "Our advanced SunCarrier tracking technology is perfectly matched with Suntech's internationally acclaimed high output solar modules. The combination of these two products enabled us to efficiently use the land available and develop a high power output solar solution that can satisfy the energy needs of thousands of households."
Jerry Stokes, President of Suntech Europe, said, "These solar projects illustrate the potential for inter-value chain collaboration to provide highly efficient and completely sustainable energy solutions. Suntech's dedication to producing premium quality, high power output solar products is a key factor leading to our strong brand recognition in Europe."
Suntech has built strong partnerships with many leading solar project developers and distributors in Spain, Italy and Greece through the consistent supply of extremely reliable, high conversion efficiency solar modules. Suntech expects to ship over 230MW of solar modules to Southern Europe in 2008.
About Suntech
Suntech Power Holdings Co., Ltd. (NYSE: STP) 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. For more information, please visit http://www.suntech-power.com .
About a+f
Wuerzburg, Germany based a+f GmbH has been working successfully over 15 years as a manufacturer of industrial plant equipment. As a subsidiary of the GILDEMEISTER group, a+f has access to the know-how and skills of this world-market leader in metal-cutting machine tools. In particular, the world-wide service network guarantees rapid reaction times and therefore constant availability for your installation.
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, including the MWp of the solar power plants, the ability of SunCarrier trackers to increase power efficiency, and the ability of the two solar plants to power 9,300 households and save 19,000 tons of carbon emissions per year. 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:
In China:
Rory Macpherson
Investor Relations Director
Suntech Power Holdings Co., Ltd.
Tel: +86-21-6288-5574
Email: rory@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
