Global Cleantech Leader Brings Manufacturing Jobs to the U.S.
GOODYEAR, Ariz. and SAN FRANCISCO, Calif., Oct 08, 2010 /PRNewswire via COMTEX/ --
Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest producer of
solar panels, today opened its first U.S. manufacturing plant in Goodyear,
Arizona. The new module production facility has an initial 30MW of annual
capacity and will employ more than 75 operators, engineers and professionals
by the end of 2010. Due to strong interest from customers, Suntech is already
making plans to expand the facility to 50MW early next year and targets to
employ more than 150 people by the end of 2011.
"Suntech Goodyear represents our efforts to grow jobs in Arizona while
demonstrating the importance of renewable energy, like solar, in diversifying
and strengthening our state economy," said Arizona Governor Jan Brewer, who
presided over the grand opening ceremony. "The U.S. solar market is
dramatically expanding, and Arizona must remain a competitive leader in the
renewable energy sector. This plant strengthens our credentials as the solar
capital of the world. It is an encouraging step for the growth of the solar
industry, illustrating that Arizona's forward-looking policies are resulting
in local job creation."
The 117,000 square foot facility features state-of-the-art manufacturing
and testing equipment and will initially focus on producing Suntech's 280W
Vd-series modules, primarily used for commercial and utility-scale electricity
generation. All modules produced at the facility will be compliant for
procurement in American Recovery and Reinvestment Act (ARRA) projects. Suntech
plans to expand the facility, in concert with the growing U.S. solar industry,
to reach up to 120MW of annual production capacity. In addition, the local
operation will bolster solar research collaboration between Suntech and
Arizona State University.
"Our new U.S. manufacturing plant will provide a local platform to meet
the burgeoning demand for solar products in the U.S. and Canadian markets,
which we expect to exceed 1GW for the first time in 2010," said Steven Chan,
President of Suntech America. "This new facility represents yet another
milestone of our ongoing investment in North America. Aside from our
manufacturing facility, we already have more than 75 people on the ground in
North America, a dealer network that includes close to 400 partners, and we
are continuing to grow. In fact, we are growing so fast that in the third
quarter of 2010 alone we shipped more than our total 2009 shipments to the
North American market."
Suntech selected Goodyear based on a combination of factors, including
costs, logistics, and statewide renewable energy policies, as well as a
supportive local business climate. The Greater Phoenix Economic Council played
a key role in assisting Suntech with its selection process. Suntech remains
encouraged by Arizona's clear and consistent policy commitment to the growth
and development of solar, including the state's policy to meet 15% of its
energy consumption with renewable sources by 2025 and distributed generation
"Solar jobs follow solar installations, and more than 60% of all industry
jobs are created in sales, finance, and installation, in jobs that cannot be
exported. On average, the solar industry employs about 15 to 30 people for
every MW of installed solar capacity - 6 to 8 times more than the traditional
energy industry," noted Dr. Zhengrong Shi, Suntech's founder, chairman, and
CEO, at the grand opening. "The governments that advance clear and consistent
policies to diversify with clean energy will create thousands of green jobs
while achieving energy security."
"The initial capacity of our Goodyear facility is three times larger than
our first module production facility built eight years ago, in 2002; and the
cost of generating solar energy has fallen by more than 50% since then," added
Dr. Zhengrong Shi. "Just imagine what we will accomplish over the next eight
years as we work together and continue to drive solar to cost competitiveness
in the United States, and everywhere under the sun."
On October 12-14, Suntech will be displaying its new, US-manufactured,
ARRA-compliant solar module at the Solar Power International show (Booth #3527)
at the Los Angeles Convention Center, CA.
Suntech Power Holdings Co., Ltd. (NYSE: STP) is the world's largest
producer of solar panels for residential, commercial, industrial, and utility
applications. With regional headquarters in China, Switzerland, and the United
States, and gigawatt-scale manufacturing worldwide, Suntech has delivered more
than 12,000,000 photovoltaic panels to over a thousand customers in more than
eighty countries. Suntech's pioneering R&D creates customer-centric
innovations that are driving solar to grid parity against fossil fuels.
Suntech's mission is to provide everyone with reliable access to nature's
cleanest and most abundant energy source.
For more information about Suntech's people and products visit
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 Suntech's ability to hire 75 people by the end of 2010 and 150
people by the end of 2011; the ability to expand capacity to 50MW in early
2011 and 120MW within a few years; the size of the North American market of
over 1GW in 2010; the ability of the solar industry to employ about 15 to 30
people for every MW of installed solar capacity - 6 to 8 times more than the
traditional energy industry; the ability of Suntech to drive solar to cost
competitiveness. 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
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SOURCE Suntech Power Holdings Co., Ltd.