Shunfeng to buy German developer SAG Solarstrom2014-09-01Shunfeng Photovoltaic, the owner of module maker Suntech, has purchased insolvent German project developer SAG Solarstrom for €65 million (US$85.4million).Shunfeng, through the German subsidiary of Suntech, will acquire all of Solarstrom’s assets. Th...
Suntech develops, manufactures, and delivers the world’s most reliable and cost-effective solar energy solutions. Founded in 2001, we have supplied more than 8 GWs photovoltaic panels to more than a thousand customers in more than 80 countries.We aim to reach grid parity through solar energy by taking advantage of our pioneering R&D and customer-centric innovations. Our goal is to provide reliable access, from private residences to global corporations, to nature's cleanest and most abundant energy source.
Wuxi Suntech Power Co., Ltd. was founded
Suntech initiated its first 10MW production line. This production activity equalled China's PV cell production from the previous 4 years.
Suntech launched its initial public offering (IPO) on the New York Stock Exchange. This is a turning point in Suntech's global business strategy and global product awareness.
Suntech acquired MSK Corporation, one of Japan's largest PV manufacturers, and top ranked enterprise in the BIPV industry. This acquistion increased Suntech's production capacity to 300MW.
Suntech reaches an annual production capacity of 1 GW.Suntech Photovoltaic Technology Research Institute is established.
Using its Pluto Technology, Suntech breaks the world record for monocrystalline and polycrstalline silicon cell efficiency at 19.2% and17.2% respecitvely. In cooperation with UL, Suntech builds best-in-class PV module testing lab.
Suntech's annual production capacity reaches 2.4 GW, with 2.1 GW modules shipped worldwide. This makes Suntech the biggest PV module supplier for two consecutive years.
Shunfeng Photovoltaic International Limited, a HKSE listed renewable energy investment and Indipendent Power Producer company, announces its interest in acquiring Wuxi Suntech Power Co., Ltd. This marks a new era for Suntech.
Suntech passes 25 million mark in number of solar modules shipped worldwide, totalling more than 8 GW.Shunfeng shareholders approve acquisition of Suntech, enabling Suntech to embark upon a period of expansion on solid financial footing with nearly zero debt.
Suntech is recognized worldwide as a best-in-class multinational company.The solar industry's top research institute, EuPD Research, awarded Suntech Top Brand PV, making Suntech the first company in China to win this award.
For its contribution to environment protection, Suntech received awards from the United Nations Climate Change Conference, the United Nations Human Settlements Programme, The World Economic Forum and worldwide top media outlets.