California, United States [RenewableEnergyWorld.com] Suntech Power Holdings Co. Ltd. and 3rd Rock Systems and Technologies Inc., a solar project developer based in San Francisco, announced that they have agreed to establish a strategic relationship to develop an initial 7.2 megawatts (MW) of solar systems in the United States.
3rd Rock will act as project developer and raise project financing. For projects developed under the alliance, Suntech will be both the preferred supplier of solar modules and provide engineering, procurement and construction services through its wholly owned 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 and other incentives, which are particularly appealing to schools and other non-profit organizations, with Suntech’s engineering expertise and access to solar panels,” said Steven Chan, Suntech’s chief strategy officer and president of Global Sales and Marketing.
This announcement comes on the heels of three other Suntech developments that are giving the company an increasingly large foothold in the U.S. solar market. In January, Suntech and Standard Solar Inc. reached a deal for Suntech to supply up to 5 megawatts (MW) of solar photovoltaic panels to the Maryland-based solar developer and installer during 2009.
Earlier this month, the company worked out a deal with Eagle Roofing. Under that deal Eagle will distribute Suntech’s SolarBlend roof tiles to its network of roofing, solar and electrical contractors as part of its Eagle Solar Roof package. Also this month, Suntech announced that it will offer the Enphase Micro-inverter to its network of U.S. Authorized Dealers. Suntech has started with an order of Enphase Micro-inverters to supply approximately 1 MW of solar installations.