Suntech And Jiangsu Guoxin Group To Construct 1.5 MW Solar System In China

Published: 19-May-2009

Suntech Power Holdings Co., Ltd. (Suntech) is going to construct a 1.5 megawatt (MW) solar system in collaboration with Jiangsu Guoxin Asset Management Group Ltd. (Jiangsu Guoxin Group) in HuaiAn city, Jiangsu province, China. Suntech Energy Engineering will design and install the solar system on 19,000 square meters of the rooftop of buildings housing a subsidiary of Jiangsu Guoxin Group in HuaiAn city. The solar system is anticipated to be completed by October 2009.

The project is expected to be eligible to receive the subsidy for roof-mounted solar systems.

Zujian Xu, vice president of Jiangsu Guoxin Group and chairman of Jiangsu Renewable Energy Development Co., Ltd. said, As a key investor in Jiangsu energy projects, Jiangsu Guoxin Group has actively responded to the call from the central government and strategic direction of the provincial governments to increase deployment of renewable energy such as wind power and biomass power. To date we have developed four biomass projects and one wind power project. This time we're very pleased to collaborate with Suntech, a leading company in the solar industry, to develop the first megawatt-sized rooftop solar project in Jiangsu province. We believe that this collaboration will deliver an important contribution to the solar industry in Jiangsu province.''

Zhengrong Shi, Suntech's chairman and chief executive officer, said, ''We are very pleased to collaborate with Jiangsu Guoxin Group to the rooftop solar project in Jiangsu Province to date. Roof space on factories and warehouses is an underutilized resource and ideal for roof-top solar systems. We look forward to implementing many similar rooftop solar systems across China.''

''China's new national solar subsidy should spark the growth of a strong domestic solar market enabling the gradual shift to renewable energy and sustainable development. With well over 1GW of Suntech solar products delivered worldwide since inception, Suntech will bring global experience and high quality solar systems to the China market,'' Shi added. ''We believe that our systems integration team, which has over 100 people in major cities across the country, has the capability to deliver turnkey solar systems in China and we already have a large pipeline of projects pending approval to receive the subsidy.''

Suntech is a China-based manufacturer of solar photovoltaic cells and modules. Suntech Energy Engineering is a China-based systems integration team of Suntech.

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