Suntech Achieves One Gigawatt Milestone in Americas
SAN FRANCISCO, Aug. 7, 2012 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest producer of solar panels, has delivered more than one gigawatt of solar panels to customers throughout North and South America. The milestone was passed in July 2012, distinguishing Suntech as one of the first global solar companies with a one gigawatt track record in the region.
"This is a great milestone for our team and, most of all, a tribute to our customers – their success is our success. Although it's a highly-competitive period for solar manufacturers, there's never been a better time to be a solar customer and that's what matters most to our industry's longevity," said John Lefebvre, President of Suntech America. "Utilities from Arizona to Chile are recognizing solar's unique value proposition and ability to deliver low-risk, long-term price stability in an energy era defined by fossil fuel price instability. Solar offers a brilliant value proposition today that will only improve with time."
Suntech America was founded in 2007 in San Francisco, California, and has grown steadily since. In 2010, Suntech opened a 30MW solar module production facility in Goodyear, Arizona, which has since expanded to 50MW and now runs around-the-clock. Suntech employs about 180 people throughout the Americas and is continuing to hire and grow to meet new market demands.
Globally, roughly 7GW of Suntech solar panels have been shipped to more than 1,000 customers in more than 80 countries. Altogether, deployed Suntech solar panels generate an estimated nine terawatt hours of clean electricity per year, greater than the power consumption of Costa Rica or Paraguay, according to data from the CIA World Factbook.
To learn more about Suntech's efforts in driving global solar industry growth, please visit the Suntech Connect blog, like us on Facebook, or follow us on Twitter @Suntech_Connect for regular updates.
Suntech Power Holdings Co., Ltd. (NYSE: STP) produces industry-leading 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 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: http://www.suntech-power.com
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 including the ability of solar to deliver low risk, long term price stability, and the estimated power generated by Suntech solar panels. 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.
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SOURCE Suntech Power Holdings Co., Ltd.