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 and EDP Renovaveis Announce 39 MW Sales Agreement
Posted on 2012-10-08
SCHAFFHAUSEN, Switzerland, Oct. 8, 2012 /PRNewswire/ -- 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.To learn more about Suntech's efforts in making solar power affordable, please visit the Suntech Connect blog, like us on Facebook, or follow us Twitter @Suntech_Connect for regular updates.
About EDP RenovaveisEDP 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.