Suntech just announced that it will be implementing a new North American sales partner program, designed to attract more installers and help affiliated dealers increase sales. Dealers in the program will have access to a co-marketing fund, training, other services and will be first in line for Suntech products. Suntech has also created a new and improved online account access portal for its dealers.
In a press release, Mark McKahan-Jones, vice president, Dealer Sales Division, … Read the rest
Suntech just announced that they will start shipping a larger solar power system suitable for utility-sized projects later on in the year. The system, called Reliathon, will be available starting next year, and can be used for projects greater than 10 MW in scope.
By reducing the number of bolts and the amount of wiring required for the Reliathon system, Suntech has managed to reduce its installation costs by 10%. Two years from now, the … Read the rest
Suntech just announced that it has signed a memorandum of understanding (MOU) to work with Pakistan’s Alternative Energy Development Board to bring solar energy to Pakistan. Per the MOU, Suntech will work with both the public sector and private sector to make solar energy available across Pakistan. Projects include working with AEDB’s Rural Electrification Program to provide solar electricity to rural areas, developing Solar Power Pumping Systems with the cooperation of the AEDB and the … Read the rest
Suntech just announced that is has connected the first 10 MW, ground mount solar power project to the Chinese power grid. The project, completed through collaboration with Suntech’s partner China Energy Conservation Investment Corporation (CECIC). This milestone represents the completion of the first phase of a larger, 50MW project that is expected to be finished in 2011.
In a press release, Dr. Zhengrong Shi, Suntech’s Chairman and CEO, commented on the news:
”Suntech is … Read the rest
Suntech just announced that it has achieved another world record for multi-crystalline module conversion efficiency. In August, Suntech broke Sandia National Lab’s previous record of 15.5 percent. Now, it has broken its own record by achieving conversion efficiencies of 16.53%, as verified by the Fraunhofer Institute for Solar Energy Systems ISE.
The record was achieved with Suntech’s Pluto technology. In a press release, Dr. Stuart Wenham, Suntech’s Chief Technology Officer, and Dr. Martin Green, Research … Read the rest
There’s a good article in the NY Times today discussing the push of China into the US solar market, particularly Suntech (STP) which has admitted to pricing panels at below cost in order to gain US market share. Just a few days ago the company claimed to now have 25% of the California market.
As we reported here back in May, Suntech plans to expand its presence in the US further in … Read the rest
I mentioned the upgrades in the post before. Now for the downgrades. Jefferies is out this morning cutting the entire sector and downgrading several solar companies due to the same concerns we’ve heard for many months… oversupply and lack of demand.
First Solar (FSLR) cut to Hold from Buy
SunPower (SPWRA) cut to Hold from Buy
Suntech Power (STP) cut to Underperform from Hold
Ascent Solar (ASTI) cut to Underperform from Hold
China Sunergy (CSUN) … Read the rest
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 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