With a Commitment to Promoting Access to Solar Energy, Suntech Supports Projects across the Globe
SAN FRANCISCO, April 22, 2010 /PRNewswire via COMTEX/ --Suntech Power Holdings Co.,
Ltd. (NYSE: STP), the world's largest manufacturer of crystalline silicon
solar panels, today announced its participation in Earth Day activities across
the world. With a focus on the expansion of awareness and adoption of solar
energy, Suntech will take part in educational events and panel donations in
communities from Austin, Texas to Morogoro, Tanzania.
Suntech's vision for a brighter, sustainable future through the delivery
of affordable and reliable solar power is brought into particular focus on
Earth Day, when the company celebrates the potential of clean power everywhere.
Since its founding in 2001, Suntech has installed 2.2 gigawatts (GW) of solar
power in over 80 countries, enough clean energy to replace approximately nine
250 megawatt (MW) coal fired power plants, which are a significant contributor
to global carbon emissions.
As Suntech continues to grow the number of its global installations, it
has sought out partnerships with local organizations across the world to
promote greater access to clean energy. Suntech has focused its 2010 Earth Day
efforts on the intersection of clean energy and education, in places where its
solar panels can have a long-term impact on the next generation including:
-- The donation of 10kW of Suntech solar panels to non-profit Nurturing
Minds, which runs a girls school in Morogoro, Tanzania. This remote
region of Tanzania is home to the Sega Girls School, which currently
provides education and housing for over 50 local girls who would
otherwise receive no education. Solar energy plays a key role in the
organization's vision of educating 200 girls a year by 2015.
-- Suntech is proud to announce its work with Austin's McNeil High School
Green Club. Suntech subsidized the costs of a 10kW PV system for the
school through a partnership with local partner, URS Corporation. The
system will provide clean power for the high school's nearly 3,000
students and demonstrate the possibilities of alternative energy to the
-- With customer CalTech, Suntech will be a part of an April 23rd Earth
Day celebration at the CalTech campus in Pasadena. The event will
celebrate CalTech's vision for a sustainable campus, which includes a
1.3MW Suntech solar system, currently in phase two of development.
Suntech will participate in the event by educating visitors about the
opportunity and savings from solar power.
-- Suntech participated in the EcoAvenues event in Arizona on April 17th,
celebrating its first U.S. manufacturing plant in Goodyear, Arizona.
The event was designed to engage local Phoenix-area residents in
imagining a more sustainable world, with practical information on
living a greener lifestyle.
"The truth is, every day is Earth Day for us at Suntech, where we take our
commitment to a renewable energy future very seriously," said Steven Chan,
Chief Strategy Officer and President of Global Sales and Marketing, Suntech.
"That said, it's important to take a step back and examine what clean, solar
energy can do for communities and organizations that are educating the next
generation. We're very proud of the work our team has done to bring solar
power to places that need it the most."
"Suntech's donation to the Sega Girls School will help us get closer to
our vision of educating 200 local Tanzanian girls every year by 2015,"
explained Polly Dolan, Founder, Nurturing Minds and SEGA -- the Tanzanian
based nonprofit that operates the school. "In this area of Tanzania, we are
too remote to even make use of the local grid. Having access to sustainable,
reliable clean power will let us provide the energy we so need for the girls'
residence as well as our computer lab. Solar power and education are a great
match, particularly in this corner of the world."
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 Suntech's patent-pending Pluto technology for
crystalline silicon solar cells, which improves power output by up to 12%
compared to conventional production methods, the Reliathon(TM), the industry's
first fully integrated utility-scale solar platform, and its broad range of
building-integrated solar products.
Suntech designs and delivers 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 estimations of Suntech's installed solar power solutions,
amount of power to be generated by the systems in Morogoro, Tanzania and
Austin, Texas, and the number of girls to be educated by the Sega Girls School
in 2015. 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 further information, please contact:
Story Labs for Suntech America
SOURCE Suntech Power Holdings Co., Ltd.