Global Sources
EE Times-Asia
Stay in touch with EE Times Asia
EE Times-Asia > Power/Alternative Energy
Power/Alternative Energy??

Shenzhen Suntech to steer China's solar power market

Posted: 23 Nov 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Suntech Power Holdings? Shenzhen Suntech Power? solar cell? solar cells? PV cells?

China photovoltaic (PV) cell and module maker Suntech Power Holdings Co. Ltd formed a new subsidiary, Shenzhen Suntech Power (Stock) Co. Ltd, to promote and develop solar power grid integration projects, particularly in Southern China.

"Shenzhen Suntech marks a milestone in our ongoing efforts to develop the solar market in China," said Zhengrong Shi, chairman and CEO of Suntech. "The new company will provide us with additional promotional and technical service capabilities in Southern China and allow us to take advantage of the Shenzhen government's support for solar energy applications."

Operations of the facility will begin by the end of this year, reported the parent company. The Shenzhen subsidiary is expected to promote solar power grid integration projects in Southern China through a commercially funded business model.

The establishment of the Shenzhen Suntech facility is part of the company's continuous physical expansion. Meanwhile, Suntech plans to establish manufacturing and R&D facilities focused on new thin film solar technologies and value-added PV solutions in Shanghai. These facilities are expected to begin generating revenue in 2008.

Suntech also announced earlier this week that its third quarter earnings nearly tripled to $28.7 million from $7.7 million in the year-ago period. The company said this was due to strong sales of its PV cells and modules.

Article Comments - Shenzhen Suntech to steer China's so...
*? You can enter [0] more charecters.
*Verify code:


Visit Asia Webinars to learn about the latest in technology and get practical design tips.

Back to Top