An Independent Suntech Sets its Sights on the UK Solar Market
WUXI, China, Feb. 28, 2014
--3 New High-Efficiency Panels to be Revealed at Ecobuild UK
WUXI, China, Feb. 28, 2014 /PRNewswire/ --Wuxi Suntech Power Co., Ltd. (the
"company," or "Suntech") will be showcasing its new solar products at London's
2014 Ecobuild Exhibition March 4 ^th to March 6 ^th .
(Photo: http://photos.prnewswire.com/prnh/20140228/CN74250 )
Wuxi Suntech, the owner of the "Suntech" brand, was acquired by Shunfeng
Photovoltaics International Ltd., a HKSE listed EPC & Investment Company, in
November 2013. The deal is close to finalization.
Completely independent of its former parent company - Suntech Power Holdings
Co., Ltd. - Wuxi Suntech is now fully operational and is looking to expand its
sales, marketing and services teams across Europe, beginning in the UK. Ping
Xu, Suntech's Director of Sales for Europe, noted that "We are placing much
attention on the UK solar PV market, which ranked sixth in solar PV capacity
added in 2013. During the first quarter of 2014 we expect the UK to become the
largest solar market in Europe for the first time ever. This is a great
opportunity and we believe we have the right resources to support the UK solar
Eric Luo, Suntech's new CEO, said that "As a reemerging company with minimal
debt and a healthy balance sheet, we are focused on increasing our capacity
and staff in key markets and are also looking closely at several strategic
acquisitions in Europe in 2014." Luo added that "despite a challenging year,
we expect that in 2014 we will manufacture and ship up to 2.5 GW of panels,
20% more than in our peak year of 2011."
At Ecobuild, one of the world's largest trade shows for sustainable design,
construction and energy, Suntech will reveal three new products: a new
integrated AC module offering additional energy yield while reducing
installation and maintenance costs, a black module with high power, and a
1500V module, developed for utility scale projects. These products have been
especially designed to perform very well in low light conditions and are
expected to draw much attention at the show.
To learn more about Suntech, please contact:Jenny Runnacles, +44 7917 062 179
Contact: Hui Wu, Director, Global Marketing, Wuxi Suntech Power Co., Ltd.,+86
510 8531 8379,+86 189 1239 2056, email@example.com
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