Suntech Power
Encyclopedia
Suntech Power Holdings Co., Ltd. is the world's largest producer of solar panels, with 1,800MW of annual production capacity by the end of 2010. With offices or production facilities in every major market, Suntech has delivered more than 13,000,000 solar panels to thousands of companies in more than 80 countries around the world. As the center for the company's global operations, Suntech headquarters, in Wuxi, China, features the world's largest building integrated solar facade.
The company's Suntech Energy Solutions division completed Google
's 1.6 MW solar installation in June 2007.
Suntech Power joined with Israeli company Solarit Doral to build a 50 kW rooftop project in Katzrin in the Golan Heights, which was connected to the electricity grid in December 2008.
Suntech panels were used on the Ketura Sun
field, the first commercial solar field in Israel
. The field was developed by the Arava Power Company
.
In 2010, Suntech topped the solar panel shipment with 1.49GW shipment volume, according to PVinsights. Suntech targets to ship over 2GW in 2011; however, free price fall for solar components in 2Q11 made it more difficult to achieve. In price down turn, Chinese companies showed their competing ability in cost management. Suntech, th largest solar module company in 2010, is undoutedly one of the cost-competitive company among the top 10 solar module companies. On the very first day of the third quarter in 2011, they annouced that they terminate their long-term wafer contract with MEMC by paying US$ 120 million on account of cost saving. IF we look back the market share of the top five Chinese solar companies ranked in 2Q11, which are Suntech, Yingli, Trina, Canadian and Jinko, a huge advancement form 17.2% market share in 1Q09 to 30% market share in 2Q11. The five Chinese solar module companies almost doubled their totaling market share in 2.5 years and they took nearly one-third of the worldwide market.
, Luoyang
, Qinghai
, Shanghai
, Germany, Japan, and Goodyear, Arizona
.
Suntech America is based in San Francisco, California, and the company has plans to start a production facility in Phoenix, Arizona in 2010. Suntech also has executives of their US operations in top posts in American solar panel industry groups.
Solar Energy Development Company of the Year. Frost & Sullivan Research Analyst Mary John commented on the recognition, "The company's pioneering success in developing energy-efficient, cost-effective and customizable building integrated photovoltaic (BIPV) systems and crystalline PV cells, and modules for solar energy conversion into electricity are highly commendable. It has gone beyond just meeting global energy needs to anticipating them as well and highly satisfied customers testify that the BIPV systems and other energy-efficient products are customized precisely to their needs."
The Andalay AC Solar PV Panel was awarded one on MSN’s most brilliant products of 2009 because of innovations that advanced their ease of installation and use. Suntech Power is one of the main manufacturers of components for the Andalay Solar Panel sold by Akeena Solar (AKNS).
(施正荣, born c. 1963) is the founder, chairman and chief executive officer
of Suntech Power.
He is a graduate of the University of NSW's School of Photovoltaic and Renewable Energy Engineering
. At UNSW, Dr. Shi studied under Professor Martin Green and met Stuart Wenham
, now Suntech's Chief Technology Officer.
Dr. Zhengrong Shi was honored in January 2010 as a finalist for the Zayed Future Energy Prize
. In 2007, Dr. Shi was named one of Time Magazine's Heros of the Environment.He is often referred to as the world's first 'green billionaire'.
. The consolidated private equity investment into Suntech is generally considered to be one of China's most profitable private equity investments ever, as each firm is thought to have made gains well over 10x on their original investments.
Installations
Suntech Power has supplied or installed solar modules for numerous solar power plants and systems around the world. Notable installations include:- Clif BarClif BarClif Bar & Company is an American company that produces organic foods and drinks marketed towards active people. Their flagship product, CLIF BAR, was created in 1992 by owner Gary Erickson. The company's headquarters are in Emeryville, California....
Headquarters - The Wharf, home of the Sydney Theatre CompanySydney Theatre CompanyThe Sydney Theatre Company is one of Australia's best-known theatre companies operating from The Wharf Theatre near The Rocks area of Sydney, as well as the Sydney Theatre and the Sydney Opera House Drama Theatre....
(Sydney, Australia) - Alamosa Power Plant (Colorado, USA)
- Arizona State University (Arizona, USA)
- Beijing National StadiumBeijing National StadiumBeijing National Stadium, also known officially as the National Stadium, or colloquially as the Bird's Nest , is a stadium in Beijing, China. The stadium was designed for use throughout the 2008 Summer Olympics and Paralympics.-History:...
(Beijing, China) - Elecnor Power Plant (Trujillo, Spain)
- Masdar CityMasdar CityMasdar is a project in Abu Dhabi, in the United Arab Emirates. Its core is a planned city, which is being built by the Abu Dhabi Future Energy Company, a subsidiary of Mubadala Development Company, with the majority of seed capital provided by the government of Abu Dhabi...
Solar Farm (Abu Dhabi, UAE) - Nellis Air Force BaseNellis Air Force BaseNellis Air Force Base is a United States Air Force Base, located approximately northeast of Las Vegas, Nevada. It is under the jurisdiction of Air Combat Command .-Overview:...
(Nevada, USA) - Expo 2010 Shanghai (Shanghai, China)
- Ketura SunKetura SunKetura Sun is Israel’s first commercial solar field. Built in early 2011 by the Arava Power Company on Kibbutz Ketura, Ketura Sun covers twenty acres and is expected to produce green energy amounting to 4.95 megawatts. The field consists of 18,500 photovoltaic panels made by Suntech, which will...
(Kibbutz Ketura, Israel)
The company's Suntech Energy Solutions division completed Google
Google
Google Inc. is an American multinational public corporation invested in Internet search, cloud computing, and advertising technologies. Google hosts and develops a number of Internet-based services and products, and generates profit primarily from advertising through its AdWords program...
's 1.6 MW solar installation in June 2007.
Suntech Power joined with Israeli company Solarit Doral to build a 50 kW rooftop project in Katzrin in the Golan Heights, which was connected to the electricity grid in December 2008.
Suntech panels were used on the Ketura Sun
Ketura Sun
Ketura Sun is Israel’s first commercial solar field. Built in early 2011 by the Arava Power Company on Kibbutz Ketura, Ketura Sun covers twenty acres and is expected to produce green energy amounting to 4.95 megawatts. The field consists of 18,500 photovoltaic panels made by Suntech, which will...
field, the first commercial solar field in Israel
Israel
The State of Israel is a parliamentary republic located in the Middle East, along the eastern shore of the Mediterranean Sea...
. The field was developed by the Arava Power Company
Arava Power Company
David Rosenblatt of New Jersey, Ed Hofland of Kibbutz Ketura, and Yosef Abramowitz founded the Arava Power Company on Kibbutz Ketura in the Arava Valley in 2006. APC has declared that its mission is to supply Israel with 10% of its energy needs through clean, renewable solar energy. On June 5,...
.
In 2010, Suntech topped the solar panel shipment with 1.49GW shipment volume, according to PVinsights. Suntech targets to ship over 2GW in 2011; however, free price fall for solar components in 2Q11 made it more difficult to achieve. In price down turn, Chinese companies showed their competing ability in cost management. Suntech, th largest solar module company in 2010, is undoutedly one of the cost-competitive company among the top 10 solar module companies. On the very first day of the third quarter in 2011, they annouced that they terminate their long-term wafer contract with MEMC by paying US$ 120 million on account of cost saving. IF we look back the market share of the top five Chinese solar companies ranked in 2Q11, which are Suntech, Yingli, Trina, Canadian and Jinko, a huge advancement form 17.2% market share in 1Q09 to 30% market share in 2Q11. The five Chinese solar module companies almost doubled their totaling market share in 2.5 years and they took nearly one-third of the worldwide market.
Global Operations
Suntech Power has representative offices in China, Australia, the United States, Switzerland, Spain, Italy, Germany, Japan, and Dubai, as well as production facilities in WuxiWuxi
Wuxi is an old city in Jiangsu province, People's Republic of China. Split in half by Lake Tai, Wuxi borders Changzhou to the west and Suzhou to the east. The northern half looks across to Taizhou across the Yangtze River, while the southern half also borders the province of Zhejiang to the south...
, Luoyang
Luoyang
Luoyang is a prefecture-level city in western Henan province of Central China. It borders the provincial capital of Zhengzhou to the east, Pingdingshan to the southeast, Nanyang to the south, Sanmenxia to the west, Jiyuan to the north, and Jiaozuo to the northeast.Situated on the central plain of...
, Qinghai
Qinghai
Qinghai ; Oirat Mongolian: ; ; Salar:) is a province of the People's Republic of China, named after Qinghai Lake...
, Shanghai
Shanghai
Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
, Germany, Japan, and Goodyear, Arizona
Goodyear, Arizona
Goodyear is a city in Maricopa County, Arizona, United States. According to the 2010 census, the population of the city is 65,275...
.
Suntech America is based in San Francisco, California, and the company has plans to start a production facility in Phoenix, Arizona in 2010. Suntech also has executives of their US operations in top posts in American solar panel industry groups.
Awards
Suntech Power was recognized as the 2008 Frost & SullivanFrost & Sullivan
Frost & Sullivan, Inc. is an American firm which provides market research & analysis, growth strategy consulting and corporate training services. Its headquarters are located in San Antonio, Texas, with offices in over 20 countries across the world....
Solar Energy Development Company of the Year. Frost & Sullivan Research Analyst Mary John commented on the recognition, "The company's pioneering success in developing energy-efficient, cost-effective and customizable building integrated photovoltaic (BIPV) systems and crystalline PV cells, and modules for solar energy conversion into electricity are highly commendable. It has gone beyond just meeting global energy needs to anticipating them as well and highly satisfied customers testify that the BIPV systems and other energy-efficient products are customized precisely to their needs."
The Andalay AC Solar PV Panel was awarded one on MSN’s most brilliant products of 2009 because of innovations that advanced their ease of installation and use. Suntech Power is one of the main manufacturers of components for the Andalay Solar Panel sold by Akeena Solar (AKNS).
Founder
Dr Shi ZhengrongShi Zhengrong
Zhengrong Shi is the founder, chairman and chief executive officer of Suntech Power.-Biography:Dr. Shi was born in Yangzhong, Jiangsu province, China. He finished his undergraduate study at Changchun University of Science and Technology in Changchun, and obtained his Master's degree from Shanghai...
(施正荣, born c. 1963) is the founder, chairman and chief executive officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
of Suntech Power.
He is a graduate of the University of NSW's School of Photovoltaic and Renewable Energy Engineering
School of Photovoltaic and Renewable Energy Engineering
The School of Photovoltaic and Renewable Energy Engineering is one of ten schools of engineering at the University of New South Wales.It was officially recognised as a school on January 1, 2006, after having previously been known as the Centre for Photovoltaic Engineering.As of 2003, the school...
. At UNSW, Dr. Shi studied under Professor Martin Green and met Stuart Wenham
Stuart Wenham
Stuart Wenham is the current director of the ARC Centre of Excellence in Advanced Silicon Photovoltaics and Photonics and Director of Academic Studies of the School of Photovoltaic and Renewable Energy Engineering at the University of New South Wales. Dr...
, now Suntech's Chief Technology Officer.
Dr. Zhengrong Shi was honored in January 2010 as a finalist for the Zayed Future Energy Prize
Zayed Future Energy Prize
The Zayed Future Energy Prize is an energy award that was announced by Mohammed bin Zayed Al Nahyan at the 2008 World Future Energy Summit. From its website: the prize will be awarded to three individuals, companies, organisations or NGOs that have made significant contributions in the global...
. In 2007, Dr. Shi was named one of Time Magazine's Heros of the Environment.He is often referred to as the world's first 'green billionaire'.
Investors
Before going public on the NYSE in 2005, Suntech was funded by a consortium of private equity firms, including Actis Capital and Goldman SachsGoldman Sachs
The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...
. The consolidated private equity investment into Suntech is generally considered to be one of China's most profitable private equity investments ever, as each firm is thought to have made gains well over 10x on their original investments.