Suntech Power Holdings Co., Ltd. (NYSE: STP), the world’s largest producer of solar panels, and EDP Renovaveis have signed a contract for Suntech to supply 39 megawatts (MW) of polycrystalline solar panels. The Suntech solar panels will power four new photovoltaic projects under construction in Romania that will be connected between late 2012 and early 2013.
“We are pleased to cooperate with one of the most prominent players in the Spanish and Portuguese energy market, and a leader in the renewable energy sector. EDP shares our vision to drive the adoption of renewable energy through the provision of high-quality, affordable solar products,” said Vedat Gurgeli, Managing Director of Suntech Europe.
“It’s exciting and motivating to see companies like EDP Renovaveis focused on growing their portfolio of solar installations around the world. Suntech is proud to be selected for these first major solar projects in Romania,” said Alejandro Moreno, Suntech’s Country Head for Spain and Portugal.
EDP Renovaveis is a global leader in the renewable energy sector and is the third largest wind energy company in the world. The EDP Group is EDP Renovaveis’s major shareholder. The EDP Group is Portugal’s largest industrial group and one of Europe’s main energy companies. It is currently the Iberian Peninsula’s third largest energy operator, holding business interests in the generation, distribution and supply of electricity and gas in Portugal and in Spain. Besides its leadership position on the Iberian Peninsula, the EDP Group also holds a significant position in the Brazilian electricity sector.
Suntech Power Holdings Co., Ltd. (NYSE: STP) produces industry-leading solar products for use for residential, industrial and utility purposes. With regional headquarters in China, Switzerland and the United States, and gigawatt-scale manufacturing worldwide, Suntech has delivered more than 25,000,000 photovoltaic panels to over a thousand customers in more than 80 countries. Suntech’s pioneering R&D creates customer-centric innovations that are driving solar to grid parity against fossil fuels. Suntech’s mission is to provide everyone with reliable access to nature’s cleanest and most abundant energy source.