Suntech Displays European Union AD-tariff Free Modules, Residential Energy
Storage System (RESS) and Double Glass Module at Intersolar Europe 2013
RESS will qualify for new PV storage subsidy rates announced by the German
WUXI, China, June 17, 2013
WUXI, China, June 17, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd.
(NYSE: STP) ("Suntech Holdings" or the "Company"), one of the world's largest
solar power companies, today announced that its European Union anti-dumping
(AD) tariff free modules, Residential Energy Storage System, and double glass
module will be on display at Intersolar 2013 in Munich, Germany.
Suntech will be able to provide an EU AD tariff-free version of all its
standard modules including Wd mono, Wd poly and Ve poly for customers in the
European market. The module's components will be manufactured outside of
Mainland China and will not be subject to the trade tariffs announced by the
European Union on June 5^th.
Suntech's Residential Energy Storage System will qualify for the recently
announced subsidy for self-consumption PV systems with storage in Germany.
RESS has several modular power options available for a peak capacity from
4.5kWh to 17.8kWh, includes a lithium battery with an incentive policy
compliant warranty and is available in either alternating current (AC) or
direct current (DC) main circuit for on-the-grid or off-the-grid applications.
RESS will also feature a touch-screen interface for easy operation and an
intelligent control system that can be accessed remotely for real-time
Suntech's Head of Sales, Europe, Thilo Kinkel, said that "We are very
confident that we can supply our customers in Europe and across the globe with
excellent products regardless of tariffs. We also continue to launch
innovative solutions to meet our customers' needs such as our Residential
Energy Storage System which provides an effective 24 hour power solution."
Suntech's new double glass module, the Wdj series, substantially reduces
potential induced degradation (PID) by eliminating the negative voltage
between the module's frame and cells. The Wdj series is also rated for 1500V
systems and can significantly reduce balance of system costs (BOS) by
decreasing the number of inverters necessary in the solar installation.
Please visit Suntech's booth in hall A3, stand number 270 during Intersolar in
Munich, Germany from June 19^th to 21^st.
Suntech Power Holdings Co., Ltd. (NYSE: STP) produces solar products 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 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
designed to drive 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.
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 availability of products, RESS's ability to qualify for German
subsidies, actual output of the RESS system, actual performance of Suntech's
products, and the ability of the double glass module "Wdj series" to reduce
PID and reduce BOS costs. 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
For media enquiries, please contact:
Ryan Scott Ulrich
Public Relations and Investor Relations
Ph: +86 510 8531 8654
SOURCE Suntech Power Holdings Co., Ltd.
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