Tate posted last month about speculation that Suntech was working on a 500MW deal in China. Today, Suntech’s press office confirmed the deal for PV-tech.org. The article quotes an unnamed source from Suntech as saying that the deal is  “a non-binding strategic agreement similar to our agreement with the Qinghai government.”  Suntech reportedly signed the agreement on June 26th.

Under the agreement,Suntech will invest almost $1.2 billion in a 500MW solar project in … Read the rest