Suntech Breaks Ground on PV Cell Plant

Suntech Power Holdings Co. Ltd. announced the groundbreaking of a new solar photovoltaic (PV) cell production facility in Yangzhou, Jiangsu province, China. The new production site will facilitate Suntech’s capacity expansion plans to reach 1.4 gigawatts (GW) by the end of 2009 and 2 GW by the end of 2010.

Suntech said that it intends to complete the facility, which will have a production capacity of 300 megawatts by the end of 2009. The new PV cell production facility is close to Suntech’s silicon supply partner, Shunda Holdings Co. Ltd. Proximity to Shunda’s 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, the company 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.” said Dr. Zhengrong Shi, Suntech’s chairman and CEO. “The Yangzhou facility will provide Suntech with room to meet our capacity expansion target of 2 GW by year end 2010 and enable us to meet the world’s burgeoning demand for solar energy.”

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