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Suntech Power Holdings

Suntech Power Holdings Co., Ltd. (Suntech) is a solar energy company that designs, develops, manufactures and markets a variety of photovoltaic (PV) cells and modules. It also provides PV system integration services in China. The Company's products are used in a variety of residential, commercial, industrial and public utility applications in various markets. Suntech sells its products in various key solar energy markets worldwide, including Spain, Germany, the United States, China, South Korea, Italy, the Middle East, Australia and Japan. As of December 31, 2008, the average conversion efficiency rates of the Company's monocrystalline and multicrystalline silicon PV cells were 17.2% and 15.2%, respectively. During the year ended December 31, 2008, the Company commenced the production of PV cells utilizing the Pluto technology, a PV technology that allows conversion efficiency rates in the range of 18.0% to 19.0% on PV cells manufactured with monocrystalline silicon wafers.

See more information about Suntech Power Holdings

Suntech Power in talks with State Grid of China about possible cooperation

2009-07-13 by Proactive Investors China

Suntech Power’s CEO Zhengrong Shi was yesterday quoted in local publication Netease Finance saying that the company may partner with State Grid Corporation of China (SGCC).

Mr. Shi said in interview that he had recently had a three-hour meeting with Zhenya Liu, General Manager of SGCC, and that while the two companies do not have a strategic cooperation agreement at present, they will have in the future.

SGCC is a state-owned corporation founded in 2002 to build and operate power grids.

China recently announced it is aiming for an installed solar power capacity of 2 GW by 2011, nearly a 15-fold jump from its current 140 MW.

Six provinces in North-west China have been singled out as suitable bases for the expansion, based on their climates. These are all however far away from the high-energy demand south and east coasts, meaning that China’s grid companies will be heavily involved with the projects.