Suntech and Solarstrom AG Sign 26MW Contract
SCHAFFHAUSEN, Switzerland, Sept. 5, 2012
SCHAFFHAUSEN, Switzerland, Sept. 5, 2012 /PRNewswire/ -- Suntech Power
Holdings Co., Ltd. (NYSE: STP), the world's largest producer of solar panels
and Solarstrom AG, a provider of high quality photovoltaic power plants, based
in Freiburg, Germany, have signed a contract for Suntech to supply
approximately 26 megawatts (MW) of monocrystalline and polycrystalline solar
panels, which will be used for new power plants in Germany.
"We are pleased to continue our strong working relationship with Solarstrom
AG, an industry pioneer and a successful publicly-listed company, which has
provided PV power plant services for 14 years," said Vedat Gurgeli, Vice
President Sales and Marketing of Suntech Europe.
Dr. Karl Kuhlmann, CEO of Solarstrom AG, comments: "Suntech offers modules of
a proven high-quality standard, which can also be well financed when deployed
in projects – these were important criteria for us when we decided on Suntech
as a supplier. The quality of modules ultimately defines the yield of a
system. And as our customers expect reliable revenue, we are not prepared to
compromise. In addition, the funding of projects is an important prerequisite
for successful sales".
To learn more about Suntech's efforts in making solar power affordable, please
visit the Suntech Connect blog, like us on Facebook, or follow us Twitter
@Suntech_Connect for regular updates.
Suntech Power Holdings Co., Ltd. (NYSE: STP) produces industry-leasing solar
products for use for residential, industrial and utility purposes. With
regional headquarters in China, Switzerland and the United States, and
gigawatt-scale manufacturing worldwide, Suntech has delivered more than
25,000,000 photovoltaic panels to over a thousand customers in more than 80
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
For more information on Suntech's people and products, please visit
About Solarstrom AG
S.A.G. Solarstrom AG (German security identification number: 702 100, ISIN:
DE0007021008) of Freiburg, i.Br., Germany, is a manufacturer-independent
provider of high-quality photovoltaic plants configured to customer's
individual needs. The group constructs efficient plants of all sizes both in
German and abroad. Solarstrom AG also produces solar energy at its own plants.
S.A.G Solarstrom AG's service portfolio covers the entire life cycle of
photovoltaic plants, including forecast and energy services, yield reports,
and remote service and maintenance, as well as insurance and financing. The
group thus offers a comprehensive value chain in photovoltaics, from yield
reports, planning, construction, operations and monitoring to optimization,
repowering, and deconstruction. Founded in 1998, S.A.G Solarstrom AG is
considered a pioneer in the solar industry. Around 210 specialists work at the
four locations in Germany and the foreign subsidiaries. S.A.G Solarstrom AG is
listed in the Prime Standard of the Frankfurt Stock Exchange as well as
according to the m:access rules and standards of the Munich Stock Exchange.
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 "plans to", "expects to," "anticipates,"
"future," "intends to," "optimistic," "plans," "believes," "considers" and
similar statements and includes the supply of 26MW of solar modules and the
provision of bankable solar projects. 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.
Communications Manager Europe
Suntech Power International Ltd.
Tel: +41 52 633 12 56
S.A.G. Solarstrom AG
Tel: +49 (0)761 / 4770-311
SOURCE Suntech Power Holdings Co., Ltd.
Press spacebar to pause and continue. Press esc to stop.