Wednesday, Jan 28, 2009
SAN FRANCISCO and GAITHERSBURG, Md., Jan. 27/PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's leading manufacturer of photovoltaic (PV) modules, and Standard Solar, Inc. are looking forward to powering cleaner energy solutions throughout the Mid-Atlantic U.S. under a new agreement by which Suntech will supply up to 5 megawatts of photovoltaic solar panels to the Maryland-based solar developerand installer during 2009.
"Partnering with Suntech, a top-tier manufactureroffering a broad assortment of high-quality solar panels, better equipsStandard Solar to fulfill its rapidly growing customer requirements from NewJersey and Pennsylvania to North Carolina and Virginia," said ScottWiater, Vice President of Procurement at Standard Solar.
"Suntech looks forward to partnering with StandardSolar in supplying cleaner, cost-effective solutions to businesses, governmentagencies and homeowners. In addition to reducing the dependence on highlypolluting fossil fuels, we believe that the solar industry can also help togenerate new domestic, green jobs," said Roger Efird, President, SuntechAmerica, Inc.
In his address after taking the oath of office and becomingthe nation's 44th President, Barack Obama called for Americans to "harnessthe sun . . . to meet the demands of a new age."
"This agreement," said Standard Solar Presidentand Chief Executive Officer Anthony Clifford, "strengthens our ability torespond to this challenge. We cannot agree more with our new President when headded from the West front of the U.S. Capitol: "All this we can do. Andall this we will do."
Standard Solar looks forward to deploying Suntech's high-quality panels in solar solutions that deliver cost-effective power.Recently, Standard Solar helped Kelly & Sons Electrical Construction sourceits electricity supply through a power purchase agreement with Washington GasEnergy Services. Find more information about this power purchase agreement athttp://www.standardsolar.com/News-and-Events/Press-Releases.aspx.
Suntech recently achieved 1 gigawatt of global solar panel production capacity. In doing so, it completed an 18,000 square meter, 1megawatt solar facade -- the world's largest to date -- at its new world headquarters in Wuxi, China. You can find a photo of this precedent-setting application on Suntech's website at http://www.suntech-power.com under Press:Press Assets.
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