Can you say short squeeze! Wow, what a move in the China solars today. Looking at the board to my left, both TSL and STP are up over 50% and some of the other China solars are up anywhere from 20 – 40%. It’s hard to believe that an article speculating that the China government will be supportive of local solar development would cause a move of this magnitude but when you consider the amount … Read the rest
Tag Archives: stp
Suntech (STP) Announces Activation Of Santa Barbara Solar Installation
Suntech Power Holdings Co., Ltd. and the City of Santa Barbara have announced the activation of the City of Santa Barbara’s first large solar power system. The 384 KW system system uses Suntech modules and is capable of producing 550,000 kWh of clean energy per year, taking out the equivalent of 191 metric tons of CO2.
"Working with the City of Santa Barbara and Tioga Energy has been a pleasure for Suntech," said Marco Garcia, … Read the rest
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 … Read the rest
Suntech’s (STP) Joint Venture Gemini Solar To Build Solar Power Plant in Austin
Gemini Solar, a joint venture between Suntech and MMA Renewable Ventures, has been selected to build a 30 MW solar power plant that will provide power for Austin, Texas. The plant, which should be online by the end of next year, will produce enough power for 5,000 homes and save 30,000 tons of carbon dioxide each year.
Steven Chan, Suntech’s Chief Strategy Officer and President of Global Sales and Marketing, commented on the news:
… Read the rest"Suntech
Suntech (STP) Signs Distribution Deal With House Care
Suntech just announced a new distribution agreement with House Care Co, LTD. Under the terms of the agreement, House Care is authorized to distribute Suntech’s products to the Japanese market. In 2009, House Care expects to distribute 30MW of Suntech’s products.
Dr. Tadao Kasahara, President of MSK Corporation, a Suntech subsidiary, commented on the agreement:
… Read the rest”House Care is one of Japan’s leading providers of innovative roofing systems and we are delighted to establish a fruitful
Suntech (STP) Signs Distribution Contract With Eagle Roofing
Suntech just announced that they have signed an exclusive distribution contract for the North American market with Eagle Roofing. Under the agreement, Eagle Roofing will incorporate Suntech’s SolarBlend(tm) roof tiles into the Eagle Solar roof. Eagle expects that this agreement will lead to the SolarBlend tiles being installed in over 1,000 homes. Eagle will also offer Suntech’s Black Label(TM) STP 175S – 24/Ab-1 175-watt modules to its customers. Along with Suntech’s products, Eagle will also … Read the rest
Suntech (STP) Plans Japanese Expansion
Suntech is planning on expanding its Japanese market. In 2009, the company expects Japanese sales to be approximately 400-500 MW, according to JLM Pacific Epoch.
At first, the company "will focus on exporting monocrystalline modules." However, as part of its expansion plans, Suntech will also set up 100 stores across the country to sell solar-powered household goods to Japanese consumers. On March 1st, Suntech will launch a subsidy system in Japan. … Read the rest
Suntech Power Holdings (STP) Buys Minority Stake In Asia Silicon
The purchase of a minority stake in Asia Silicon. The company paid $8.1 million to one of Suntech’s existing shareholders to buy a stake in the company. Suntech already has a supply agreement with Asia Silicon to buy up to $1.5 billion worth of high-grade polysilicon from Asia Silicon over the next years.
Zhengrong Shi, Suntech’s chairman and CEO, commented on the deal:
… Read the rest“We are very pleased to cement our relationship with Asia Silicon. Asia
Suntech Power (STP) Reports Large Loss, Beats Revenue Estimates
Suntech Power (STP) reported a large loss of .27/share last quarter which matched estimates but beat revenue expectations with $414 million in revenue, a small bump up from the year ago quarter.
“We believe that we are now in a position to service all avenues of solar demand globally, including residential roof-top, commercial roof-top, ground mounted and utility scale. In particular, our continued investment in the U.S.should position us for strong growth in that key … Read the rest
MEMC Electronic Materials (WFR) Changes Its Agreement With Suntech Power (STP)
StreetInsider.com reports that MEMC Electronic Materials has amended its supply agreement from July 25, 2006 with Suntech Power. Under the agreement, MEMC Electronic Materials agreed to sell silicon wafers to Suntech for a period of 10 years. The change to the agreement does not alter the aggregate revenues for sales at all. Rather, MEMC has agreed to a volume increase for this year’s sales and a price reduction. … Read the rest