Suntech just announced that is has a achieved a new world record for conversion efficiency in a multi-crystalline silicon PV module. Suntech’s Pluto PV cells powered with the module, which achieved 15.6% efficiency in tests that were independently confirmed by Fraunhofer Institute for Solar Energy Systems ISE in Germany.
In a press release, Dr. Stuart Wenham, Suntech’s Chief Technology Officer, explained the importance of the achievement:
“This is a tremendous result for Suntech and clearly … Read the rest
According to JLM Pacific Epoch, Suntech Power’s (STP) Japan subsidiary, Suntech Japan, announced that the consumer electronics chain Yamada Denki plans to increase its sales network for Suntech products from 50 to around 450 stores… Read the rest
According to JLM Pacific Epoch, Suntech products will soon be available in more stores in Japan. Yamada Denki, a Japanese retail store that distributes Suntech products, is expected to expand the number of its locations that carry Suntech products from 50 to 450. This should help Suntech meet its goal of expanding to take 10% of the Japanese market in 2009. … Read the rest
Suntech just announced that they have been chosen to supply solar panels to the Sham’s Tower on Yas Marina Circuit in Abu Dhabi. Under the agreement with Aldar Properties PJSC, Suntech will provide 1,120 panels to be used to create a 292 KW solar system on the roof of the building. The solar system will be installed by an Abu Dhabi-based company called Enviromena. It is expected to generate 450 MW of electricity each year, … Read the rest
Suntech just announced that it will build a 100MW solar power plant in Lianyungang, China. In pursuit of this goal, the company has entered into an agreement with Lianyungang Economic and Technological Development Zone. The project is divided up into phases. The first phase will be building a 20 MW installation using a CNY 500 million investment. The project is expected to start by the end of this year, and will be performed with the … Read the rest
Suntech just announced that they have signed a supply contract with Recurrent Energy. Under the contract, Suntech will supply Recurrent with more than 25,000 modules. Recurrent will use these to construct a 5 MW solar installation on top of San Franscisco’s Sunset Reservoir. Suntech will deliver all of the modules in the 4th quarter of this year. This is California’s largest solar project thus far, and will more than triple San Francisco’s current solar energy … Read the rest
With all the news of China’s government ramping up support for renewable energy, Jim Cramer now likes the China solar plays, particularly Suntech (STP) and Yingli Green Energy (YGE). When I first saw the call, I couldn’t help but think “here we go again, Cramer’s late to the party and recommending solars after a massive run”. However, he did express concern over pricing, inventory and oil prices which he said could weigh on the … Read the rest
Suntech is out with yet another press release highlighting another partnership, but it’s important to realize this is part of the overall 1.8GW announced a few weeks ago.. It appears the company issued a generalized statement of partnerships and is now following that up with more specifics. Considering the stock is up 8 straight days and touching new 09 highs today, the campaign is working.
The Chinese government just announced it will offer significant new subsidies to solar power manufacturers. According to Reuters, the government will cover 50 percent of investments for solar power projects and necessary power transmission and distribution projects. There are some qualifications for companies to receive the subsidy: The projects must generate at least 300 KW at peak power, must be maintained for 20 years and must be completed in a year. PV systems installed in … Read the rest
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