Suntech (STP) & 3rd Rock Systems In 7.2MW Solar Power Alliance

3rd Rock Systems of San Francisco and Suntech Power (STP) have announced a strategic alliance in developing 7.2MW of solar power within the US.  3rd Rock will be the developer and leverage existing relationships to raise project financing while Suntech will supply the solar modules, engineering and construction services through its subsidiary, Suntech Energy Solutions.

“This alliance creates an excellent opportunity to leverage 3rd Rock’s expertise in monetizing a broad variety of tax credits, loans and other incentives, which are particularly appealing to schools and other non-profit organizations, with Suntech’s engineering expertise and access to solar panels,” said Steven Chan, Suntech’s Chief Strategy Officer and President of Global Sales and Marketing. “Combined with our existing pipeline of traditional commercial and utility projects and our growing network of residential installers, this will enable us to directly serve the full breadth of solar customers in the US.”

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