Suntech Power Holdings Co., Ltd. (ADR) : Ecobuild 2012: Suntech Ramps up Power
03/08/2012| 05:08pm US/Eastern
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SCHAFFHAUSEN, Switzerland, March 8, 2012 /PRNewswire via
COMTEX/ --Suntech presents modules with improved efficiency
at Ecobuild and shows solar energy is still a profitable
investment despite projected FIT cuts
Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's
largest producer of solar panels, ramps-up module efficiency.
At Ecobuild 2012
Suntech presents the first of a whole series of modules with
improved efficiency. Suntech's monocrystalline solar
modules STP200S and STP195S - 24/Ad+, which are ideal for the
UK residential market, now offer an improved efficiency of
15.7 percent and show how solar power is still a profitable
investment even if feed-in tariffs are being shortened.
"Despite the expected feed-in tariff cuts the UK
government still adheres to the plan of installing an
additional 22GW of solar power until 2020," said Vedat
Gürgeli, Vice President Sales and Marketing for
Europe. "Even more reason for the industry
to work on improved efficiency to make sure solar energy
continues to be an attractive energy resource - not only to
support the environment but also as a solid investment.
Suntech utilised improved production processes and advanced
materials to ram-up module efficiency. With an expected IRR
of 8 percent solar is still one of the most attractive
investments for home owners."
Suntech's monocyrystalline STP200S and STP195S - 24/Ad+
modules are an ideal choice for the residential sector due to
their compact form factor of 62.2 x 31.8 x 1.4 inches (1580 x
808 x 35 mm). The improved module conversion efficiency of up
to 15.7 percent ensures an even higher power output for each
system owner. The modules also offer an industry leading weak
light performance with an efficiency of 95.5 percent at 200/
m² well above the industry standard.
The products also offer Suntech's industry-leading
25-year power output warranty that warrants 6.7% more power
than the standard industry warranty. In addition, the panels
feature 0/+5% positive power tolerance and have been built to
withstand all weather conditions, including 3.800 Pascal wind
load and 5.400 Pascal snow loads, well above IEC standard
requirements
Meet Suntech at Ecobulid's north hall, booth N4110 from
March 20-22 2012.
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
20,000,000 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, and includes
that the Asia PV industry will account for approximately
one-third of global demand by 2015 and the ability of APVIA
to foster best technologies, economies of scale and
identification of market opportunities. 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
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