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September 17, 2008
Wuxi,
China: Suntech Announces Groundbreaking of PV Cell Production
Facility
Suntech
Power has commenced groundbreaking of a new PV cell production
facility in Yangzhou, Jiangsu province, China. Suntech intends
to complete the facility with a PV cell production capacity of
300MW by the end of 2009.
The
new production site will facilitate Suntech’s capacity expansion
plans to reach 1.4GW by year end 2009 and 2GW by year end 2010.
Located in Yangzhou, the PV cell production facility is close
to Suntech’s strategic silicon supply partner, Shunda Holdings
Co. Ltd., and within two hours drive of Suntech’s Wuxi headquarters.
Proximity
to Shunda’s world-class polysilicon plant will enable Suntech
to realize production and operational synergies that are expected
to accelerate Suntech’s cost reduction initiatives and path to
grid parity.
Dr.
Zhengrong Shi, Suntech’s Chairman and CEO, said: "With Suntech’s
rapidly growing international reputation for quality and excellence
in solar manufacturing, we are in a prime position to grow our
customer base and market share. The Yangzhou facility will provide
Suntech with room to meet our capacity expansion target of 2GW
by year end 2010 and enable us to meet the world’s burgeoning
demand for solar energy."
In
May 2008, Suntech announced a thirteen-year silicon wafer supply
agreement with a subsidiary of Shunda Holdings Co. Ltd. Under
the terms of the supply agreement, Shunda will supply Suntech
specified annual volumes of silicon wafers with a total volume
of approximately 7GW from 2008 to 2020.
Dr.
Shi continued, "The co-location with Shunda’s polysilicon plant
and wafering facilities will enable a virtual integration of the
solar value chain, from polysilicon to solar panel, supporting
our move to providing cost effective solar solutions."
Further details about: Suntech
Power
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