Suntech (STP) Signs Supply Deal With Standard Solar

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09:23:33 am on January 29, 2009

Suntech Power Holdings Co., Ltd has signed a 1 year, 5 MW supply deal with Standard Solar, Inc. Under the agreement, Suntech will supply 5 MW of solar panels to Standard Solar this year. The companies have not disclosed the amount of money involved, nor what product Standard Solar will use these solar panels for.

Scott Wiater, Standard Solar’s VP of Procurement, commented on the deal:

"Partnering with Suntech, a top-tier manufacturer offering a broad assortment of high-quality solar panels, better equips Standard Solar to fulfill its rapidly growing customer requirements from New Jersey and Pennsylvania to North Carolina and Virginia.

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