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Suntech Power Holdings Co. Ltd. will build a 1.5-megawatt (MW) solar system in Huai'an City, Jiangsu Province, China in collaboration with Jiangsu Guoxin Asset Management Group Ltd. The solar system, which is expected to be completed by October 2009, will be the first grid connected solar system installed in Jiangsu Province larger than 1-MW.
"China's new national solar subsidy should spark the growth of a strong domestic solar market enabling the gradual shift to renewable energy and sustainable development."
-- Dr. Zhengrong Shi, Chairman and CEO, Suntech
Suntech Energy Engineering, Suntech's China-based systems integration team, will design and install the 1.5-MW solar system on 19,000 square meters of the rooftop of buildings housing a subsidiary of Jiangsu Guoxin Group in Huai'an City. The project is expected to be eligible to receive the country's recently announced subsidy for roof-mounted solar systems.
"China's new national solar subsidy should spark the growth of a strong domestic solar market enabling the gradual shift to renewable energy and sustainable development. With well over 1 GW of Suntech solar products delivered worldwide since inception, Suntech will bring global experience and high quality solar systems to the China market,” said Dr. Zhengrong Shi, Suntech's chairman and CEO.
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