SAN FRANCISCO and WUXI, China, Jan. 19 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd. , the world's leading manufacturer of photovoltaic (PV) modules, today announced it has supplied 5MW of Suntech solar panels for a 10MW solar electricity system to power Masdar City, the world's first carbon neutral city being built in Abu Dhabi, United Arab Emirates. The panels will form part of the largest solar plant in the Middle East and is being built and designed by leading Abu Dhabi based solar power system integrator, Enviromena Power Systems "Enviromena".
"We are delighted to collaborate with Masdar, a wholly owned company of the government of Abu Dhabi through the Mubadala Development Company, and Enviromena on the development of this landmark solar project in the Middle East," said Dr. Zhengrong Shi, Suntech's Chairman and CEO. "Masdar City is a revolutionary concept that will greatly influence the future of global urban development. Solar energy systems are the ideal solution for Masdar City as electricity generated will coincide with peak energy usage during the middle of the day. We look forward to working with Enviromena on this and future solar projects in the Middle East." Dr. Shi emphasized, "This 10MW system is expected to generate over 17 million kilowatt-hours per year and reduce carbon emissions by over 15,000 metric tons annually."
With a total investment of approximately $15 billion, Masdar City will take eight years to build and be home to 50,000 people and 1,500 businesses. The city, which will cover 6.5 square kilometers, will be primarily powered by solar energy and employ a broad range of innovative energy efficient technologies including electric travel pods, waste and water recycling, natural ventilation and shading. Masdar City's 10MW solar farm will provide power for the construction and eventual operations of parts of Masdar City.
"Enviromena is excited to be working with Suntech on this ground breaking project for alternative energy in the region. With growing recognition of the need for alternative energy solutions in the Middle East there is sure to be strong demand for solar projects, an exciting prospect for the industry to look forward to," Enviromena CEO & President Sami Khoreibi commented. "Enviromena has worked hard to secure a team of highly talented engineers and project managers from around the world and when choosing partners like Suntech, we ensure that clients are provided with high quality, low maintenance clean energy solutions to their power needs and we are excited to see this technology implemented on a wider scale."
About Suntech
Suntech Power Holdings Co., Ltd. is the world's leading solar energy company as measured by production output of solar modules. Suntech designs, develops, manufactures, and markets premium-quality, high-output, cost-effective and environmentally friendly solar products for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech's patent-pending Pluto technology for crystalline silicon solar cells improves power output by up to 12% compared to conventional production methods.
Suntech also offers one of the broadest ranges of building-integrated solar products under the MSK Solar Design Line(TM). Suntech designs and delivers commercial and utility scale solar power systems through its wholly owned subsidiaries Suntech Energy Solutions and Suntech Energy Engineering and will own and operate projects greater than 10 megawatts in the United States through Gemini Solar Development Company, a joint venture with MMA Renewable Ventures. With regional headquarters in China, Switzerland and San Francisco and sales offices worldwide, Suntech is passionate about improving the environment we live in and dedicated to developing advanced solar solutions that enable sustainable development. For more information, please visit http://www.suntech-power.com/ .
About Enviromena Power Systems
Enviromena is an Abu Dhabi based solar power system integrator dedicated to meeting the growing energy needs of the MENA region. Our solar power solutions create clean power, actively contributing to reducing climate change and creating a sustainable future.
The company's highly experienced team designs, supplies and installs turnkey photovoltaic power systems for utility scale, commercial and residential applications. Other services include design and installation of solar hot water systems and solar powered lighting products.
For more information, please visit http://www.suntech-power.com/ . About Masdar
The Masdar Initiative is Abu Dhabi's multi-faceted investment in the development and commercialization of innovative technologies in renewable, alternative and sustainable energies as well as sustainable design. Masdar is driven by the Abu Dhabi Future Energy Company (ADFEC), a wholly owned company of the government of Abu Dhabi through the Mubadala Development Company. In January 2008, Abu Dhabi announced it will invest $15 billion in Masdar, the largest single government investment of its kind. For more information about the Masdar Initiative, please visit http://www.masdaruae.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 include the ability to successfully install the solar system, the reduction of carbon emissions the solar system is expected to achieve, the amount of power the solar system will be able to generate, and the scheduled completion date of the solar system. 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.
For further information please contact
Suntech:
In China:
Rory Macpherson
Investor Relations Director
Suntech Power Holdings, Co. Ltd.
Tel: +86-21-6288-5574
Email:
