Suntech and Sydney Theatre Company Celebrate a Brilliant Star

SYDNEY, Australia and WUXI, China, Nov. 26, 2010 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest producer of solar panels, supplied 384kW of Pluto-powered solar panels for a rooftop solar array on The Wharf, home of the Sydney Theatre Company (STC). The solar installation's completion was commemorated today at a switch-on event hosted by STC Artistic Directors Cate Blanchett and Andrew Upton.

(Photo: http://photos.prnewswire.com/prnh/20101126/CN07908 )

The project was made possible by an A$2 million donation from Shi's Family Foundation, representing Dr. Zhengrong Shi and his wife Vivienne Shi. Installed and integrated by DCM Solar, the 1,906 advanced Suntech solar panels comprise one of the largest capacity rooftop solar arrays in Sydney and Australia.

Andrew Upton and Cate Blanchett said: "Theatre has always been a place to stimulate visionary conversations and practical action. Now that this immense solar array is operating here at Sydney Theatre Company, we hope it will inspire others, including the hundreds of thousands of people who pass through the Company each year, to take their own steps in tackling the challenges of climate change.  We would like to thank Dr. Zhengrong Shi for his extraordinary commitment to the project which gives back so much to the country and city where he trained."

As a hallmark of STC's comprehensive Greening The Wharf initiative, the 384kW solar array, coupled with energy efficiency improvements, will provide for roughly 70% of the theatre company's electricity consumption. In addition, The Wharf will feature a streamlined waste recycling system and an innovative rainwater harvesting system to meet 100% of the facility's non-potable water requirements. Altogether, the initiative will significantly reduce the amount of energy and water that STC draws from the city's supply and decrease the amount of waste that is sent to landfill from The Wharf.

"Twenty years ago, while performing solar research at the University of New South Wales, few people believed that solar technology could ever power a building such as The Wharf," said Dr. Zhengrong Shi, Suntech's Founder, Chairman, and CEO. "Suntech's work in commercializing advanced solar technology is making solar economically-viable for millions of people in Australia and around the world. This project demonstrates that anyone today can look up and harness nature's original source of energy and life."

The Pluto solar cell technology utilized for STC's solar installation was developed by Suntech through its long-term research partnership with UNSW. Inspired by the university's world-record holding PERL solar cells, Pluto technology increases conversion efficiencies by up to 12% in commercialized solar cells. Suntech's Pluto-powered monocrystalline cells have achieved over 19% conversion efficiency in commercial production, and the advanced cell technology was utilized to set two new world records for multicrystalline module conversion efficiency.

Suntech invests several million dollars each year in collaborations with leading Australian solar research institutions, including UNSW and Swinburne University of Technology, as well as through its Sydney subsidiary CSG Solar. The company's 380 R&D professionals work across China, Japan, Germany, the United States, and Australia, to drive down the lifetime price of solar electricity generation for consumers.

In 2009, despite the financial crisis, Suntech nearly doubled its global R&D investments from US$15 million to US$29 million. Continuing that focus, Suntech has launched several new solar R&D projects in 2010 with leading industry and academic partners around the world.

About Suntech

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 12,000,000 photovoltaic panels to thousands of customers in more than eighty 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 our people and products visit: http://www.suntech-power.com

About Sydney Theatre Company

Sydney Theatre Company has been a major force in Australian drama since its establishment more than 30 years ago. Andrew Upton and Cate Blanchett have been the Artistic Directors of the Company since January 2008. The Company offers audiences a diverse program of Australian theatre, interpretations of the classic repertoire and the best of new Australian and international writing.  It also produces a significant education program and has a thriving artform development strand while actively fostering relationships and collaborations between Australian and international artists and companies.

For more information please visit: www.sydneytheatre.com.au

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 the solar installation meeting 70% of the STC's electricity consumption; the ability of Pluto technology to increase cell conversion efficiencies by up to 12% in commercialized solar cells; the ability of Suntech to make solar economically-viable for millions of people in Australia and around the world. 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.

SOURCE Suntech Power Holdings Co., Ltd.