Suntech Power (STP) Has Plans To Triple US Business in 09

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08:16:45 am on October 2, 2008

Suntech Power (STP), the large China solar company has plans to triple its US business in 2009 in a joint venture with MMA Renewable Ventures forming Gemini Solar Development LLC and plans to target projects greater than 10MW.  Suntech has also acquired EI Solutions, a Cali commercial system integration company that will target government, utilities and large commercials customers AND has expanded its US dealer network to increase penetration into residential and smaller commercial projects.  “We see the U.S. market as on the cusp of enormous growth,” Steven Chan , Suntech’s chief strategy officer said.  If the House passes the rescue package this week, it sounds like Suntech will be well positioned but saying and doing are two different things.

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