Suntech and Adani Power Collaborate on 200 Megawatts of Solar in India

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WUXI, China, Aug.19, 2015 /PRNewswire/ -- Suntech has announced today that it will further collaborate with Adani Power Ltd., one of India's largest private power producers, in developing solar energy in India. Suntech has agreed to supply approximately 200 MW of solar panels towards a project that will be developed, designed, built, and operated by Adani Power. The project, which is currently in pre-development in the Tamil Nadu state in Southern India, is expected to be operational by 2016. This project will be the biggest, individual solar project across the globe.

"After recently completing a 9.3 MW project with Adani Power in Gujarat, India, we're excited to be continuing our partnership with Adani Power, who has proven to be an important and strong partner to have in developing the solar industry in the region and in India," said Haibo Xiong, president of Suntech. "We first hosted Adani Power at Suntech's manufacturing facility and testing lab in Wuxi this past April. They were impressed with the quality of Suntech's technology and panels, along with Suntech's esteemed value in R&D, which is aimed at upgrading its solar technology in order to ensure continual high performance yields and power outputs. We expect that this 200 MW project is the breaking point for Suntech's presence in India as we continue to collaborate with Adani Power."

The 200 MW project will employ Suntech's Vem PV series modules, which produce high-performance yields for utility-scale size power plant installations. The solar plant systems are expected to generate approximately 330 gigawatt-hours of electricity, which will power approximately 367,000 households and offset approximately 281,700 tons of carbon emissions annually.

"China has launched massive infrastructure investments in 'One Belt and One Road' countries. Clean energy infrastructure and solutions are definitely high priorities in China's investment strategy, which will provide developing countries with energy alternatives that weren't previously accessible," explains Eric Luo, CEO of Shunfeng International Clean Energy, Suntech's parent company. "The Indian government has provided positive incentive policies for solar development as it looks to accelerate its 2020 100 GW solar mission. We believe this landmark project will help showcase solar energy's capabilities in providing India with clean and sustainable energy. We are very pleased to be a part of the largest solar project in the world to date."

About Wuxi Suntech Power Co., Ltd.
Wuxi Suntech Power Co., Ltd., a company incorporated in the PRC in January 2001, produces industry-leading solar products for residential, commercial, industrial, and utility applications. Suntech is a Bloomberg New Energy Finance's tier 1 solar company, based on its bankability and has delivered more than 30 million photovoltaic panels or 9 GWs of installed capacity to more than 1 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 reliable access to nature's cleanest and most abundant energy source.

About Adani Enterprises Ltd.
Adani Power Limited is the power business subsidiary of Indian conglomerate Adani Group with head office at Ahmedabad, Gujarat. The company is India's largest private power producer, with capacity of 10,440 MW and also it is the largest solar power producer in India. Adani Power Limited is ranked 334th in Fortune's 2011 India 500 list.

SOURCE Wuxi Suntech Power Co., Ltd.