WUXI, China, June 17, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP) ("Suntech Holdings" or the "Company"), one of the world's largest solar power companies, today announced that its European Union anti-dumping (AD) tariff free modules, Residential Energy Storage System, and double glass module will be on display at Intersolar 2013 in Munich, Germany.
Suntech will be able to provide an EU AD tariff-free version of all its standard modules including Wd mono, Wd poly and Ve poly for customers in the European market. The module's components will be manufactured outside of Mainland China and will not be subject to the trade tariffs announced by the European Union on June 5th.
Suntech's Residential Energy Storage System will qualify for the recently announced subsidy for self-consumption PV systems with storage in Germany. RESS has several modular power options available for a peak capacity from 4.5kWh to 17.8kWh, includes a lithium battery with an incentive policy compliant warranty and is available in either alternating current (AC) or direct current (DC) main circuit for on-the-grid or off-the-grid applications. RESS will also feature a touch-screen interface for easy operation and an intelligent control system that can be accessed remotely for real-time monitoring.
Suntech's Head of Sales, Europe, Thilo Kinkel, said that "We are very confident that we can supply our customers in Europe and across the globe with excellent products regardless of tariffs. We also continue to launch innovative solutions to meet our customers' needs such as our Residential Energy Storage System which provides an effective 24 hour power solution."
Suntech's new double glass module, the Wdj series, substantially reduces potential induced degradation (PID) by eliminating the negative voltage between the module's frame and cells. The Wdj series is also rated for 1500V systems and can significantly reduce balance of system costs (BOS) by decreasing the number of inverters necessary in the solar installation.
Please visit Suntech's booth in hall A3, stand number 270 during Intersolar in Munich, Germany from June 19th to 21st.
Suntech Power Holdings Co., Ltd. (NYSE: STP) produces 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 designed to drive 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.
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 availability of products, RESS's ability to qualify for German subsidies, actual output of the RESS system, actual performance of Suntech's products, and the ability of the double glass module "Wdj series" to reduce PID and reduce BOS costs. 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.