Suntech Begins Manufacturing in the
Cleantech Leader Brings Manufacturing Jobs to the U.S.
and San Francisco, CA – October 8th,
2010) Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest
producer of solar panels, today opened its first U.S. manufacturing plant in Goodyear, Arizona. The new module production facility has an initial 30MW of annual
capacity and will employ more than 75 operators, engineers and professionals by
the end of 2010. Due to strong interest from customers, Suntech is already
making plans to expand the facility to 50MW early next year and targets to
employ more than 150 people by the end of 2011.
represents our efforts to grow jobs in Arizona while demonstrating the
importance of renewable energy, like solar, in diversifying and strengthening
our state economy,” said Arizona Governor Jan Brewer, who presided over the
grand opening ceremony. “The U.S. solar market is dramatically expanding, and
Arizona must remain a competitive leader in the renewable energy sector. This
plant strengthens our credentials as the solar capital of the world. It is an
encouraging step for the growth of the solar industry, illustrating that
Arizona’s forward-looking policies are resulting in local job creation.”
The 117,000 square
foot facility features state-of-the-art manufacturing and testing equipment and
will initially focus on producing Suntech’s 280W Vd-series modules, primarily
used for commercial and utility-scale electricity generation. All modules
produced at the facility will be compliant for procurement in American Recovery and Reinvestment Act (ARRA) projects.
Suntech plans to expand the facility, in concert with the growing U.S. solar
industry, to reach up to 120MW of annual production capacity. In addition, the
local operation will bolster solar research collaboration between Suntech and Arizona State University.
“Our new U.S.
manufacturing plant will provide a local platform to meet the burgeoning demand
for solar products in the U.S. and Canadian markets, which we expect to exceed
1GW for the first time in 2010,” said Steven Chan, President of Suntech
America. “This new facility represents yet another milestone of our ongoing
investment in North America. Aside from our manufacturing facility, we already
have more than 75 people on the ground in North America, a dealer network that
includes close to 400 partners, and we are continuing to grow. In fact, we are
growing so fast that in the third quarter of 2010 alone we shipped more than
our total 2009 shipments to the North American market.”
Goodyear based on a combination of factors, including costs, logistics, and
statewide renewable energy policies, as well as a supportive local business
climate. The Greater Phoenix Economic Council played a key role in assisting
Suntech with its selection process. Suntech remains encouraged by Arizona’s
clear and consistent policy commitment to the growth and development of solar,
including the state’s policy to meet 15% of its energy consumption with
renewable sources by 2025 and distributed generation set-aside.
“Solar jobs follow
solar installations, and more than 60% of all industry jobs are created in
sales, finance, and installation, in jobs that cannot be exported. On average,
the solar industry employs about 15 to 30 people for every MW of installed
solar capacity – 6 to 8 times more than the traditional energy industry,” noted
Dr. Zhengrong Shi, Suntech’s founder, chairman, and CEO, at the grand opening.
“The governments that advance clear and consistent policies to diversify with
clean energy will create thousands of green jobs while achieving energy
capacity of our Goodyear facility is three times larger than our first module
production facility built eight years ago, in 2002; and the cost of generating
solar energy has fallen by more than 50% since then,” added Dr. Zhengrong Shi.
“Just imagine what we will accomplish over the next eight years as we work
together and continue to drive solar to cost competitiveness in the United
States, and everywhere under the sun.”
On October 12-14,
Suntech will be displaying its new, US-manufactured, ARRA-compliant solar module
at the Solar Power International show (Booth #3527) at the Los Angeles
Convention Center, CA.
Holdings Co., Ltd. (NYSE: STP) is the world’s largest producer
of solar panels 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
12,000,000 photovoltaic panels to over a thousand customers in more than eighty
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.
information about Suntech’s people and products visit http://www.suntech-power.com
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 Suntech’s ability to hire 75 people by the end of 2010
and 150 people by the end of 2011; the ability to expand capacity to 50MW in
early 2011 and 120MW within a few years; the size of the North American market
of over 1GW in 2010; the ability of the solar industry to employ about 15 to 30
people for every MW of installed solar capacity – 6 to 8 times more than the
traditional energy industry; the ability of Suntech to drive solar to cost
competitiveness. 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
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