Suntech and Standard Solar Reach 5 Megawatt Solar Panel Supply Agreement

Agreement strengthens both companies' ability to respond to President Obama's call to 'harness the sun'

SAN FRANCISCO and GAITHERSBURG, Md., Jan. 27 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's leading manufacturer of photovoltaic (PV) modules, and Standard Solar, Inc. are looking forward to powering cleaner energy solutions throughout the Mid-Atlantic U.S. under a new agreement by which Suntech will supply up to 5 megawatts of photovoltaic solar panels to the Maryland-based solar developer and installer during 2009.

"Partnering with Suntech, a top-tier manufacturer offering a broad assortment of high-quality solar panels, better equips Standard Solar to fulfill its rapidly growing customer requirements from New Jersey and Pennsylvania to North Carolina and Virginia," said Scott Wiater, Vice President of Procurement at Standard Solar.

"Suntech looks forward to partnering with Standard Solar in supplying cleaner, cost-effective solutions to businesses, government agencies and homeowners. In addition to reducing the dependence on highly polluting fossil fuels, we believe that the solar industry can also help to generate new domestic, green jobs," said Roger Efird, President, Suntech America, Inc.

Full article

Labels: News, photovoltaic, solar panels, Solar power, STP, Suntech Power

posted by Ertai at 1:39 PM