Suntech's Solar Panels Offset a Quarter of the Casino's Energy ConsumptionVALLEY CENTER, Calif., March 24, 2010 /PRNewswire via COMTEX/ -- 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
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SOURCE Suntech Power Holdings Co., Ltd.