Suntech Announces Contract to Supply World’s Largest Solar Power Plant
WUXI, China, Nov. 22, 2007
Source: Yahoo business news
http://biz.yahoo.com/prnews/061122/cnw011.html?.v=20
Suntech Power Holdings Co., Ltd. (NYSE: STP – News), one of the world’s leading manufacturers of photovoltaic (PV) cells and modules, has announced it has recently entered into a solar module supply contract with Atersa, a subsidiary of Elecnor Group, one of Spain’s leading project planning and integrated management and infrastructure development companies. In one of its largest and most sophisticated projects to date, Suntech will supply solar modules with an aggregate output of 23.2MW to Atersa for installation in the Photovoltaic Grid Connection Park in the Extremadura region of Spain. It is expected that these solar modules will be supplied within the first half of 2007.
”Atersa has broad experience in energy integration products and we are pleased to be able to work with them to build this Photovoltaic Park,” said Dr. Zhengrong Shi, Suntech’s Chairman and CEO. ”With Spain’s recently enacted feed-in-tariffs and a climate favorable to solar energy production we expect that Spanish demand for solar products will grow rapidly in coming years. Suntech aims to be a long term provider of quality PV products in Spain and this project is a critical part of that effort.”
”After a careful evaluation of potential partners and suppliers for this landmark Photovoltaic Grid Connection Park, we chose Suntech as we were highly satisfied with the value and quality of their product,” said Mr. Virgilio Navarro, Atersa’s CEO. ”We look forward to working closely with Suntech as part of this project.”
The Photovoltaic Park will cover an area of 65 hectares and have more than 120,000 solar modules. When completed, it will be the largest such power plant in the world, generating over three times more energy than the next largest installation.
Suntech’s sales in Spain have already grown to account for nearly 12% of total revenue in the third quarter of 2006 and this project will greatly increase the Company’s presence in this market.