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 Powers Largest Solar PV System in Saudi Arabia
Posted on 2013-01-31
Solar system enables world's largest energy research center to achieve LEED platinum certification
WUXI, China, Jan. 31, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), one of the world's largest solar companies, announced the completion of the largest ground mounted PV system in the Kingdom of Saudi Arabia. The 3.5 megawatt (MW) system is owned by Saudi Aramco and installed on the grounds of the King Abdullah Petroleum Studies and Research Center (KAPSARC), the world's largest energy research center, in Riyadh, Saudi Arabia.Klaus Friedl, Vice President Projects and Head Middle East of Phoenix Solar, said, "We are pleased to complete this historic project which will provide clean, renewable energy for KAPSARC as well as for the Saudi grid. We chose Suntech's panels because of their proven durability and performance in high-temperature, desert conditions."Utilizing Suntech's premium solar panels, Phoenix Solar designed and built the 3.5MW system, which will enable KAPSARC to achieve LEED platinum certification. The ground mounted solar field is comprised of 12,684 Suntech panels and covers an area of 55,000 square meters. The grid connected system is designed to supply 5,800 megawatt hours of electricity per year and offset roughly 4,900 tons of carbon dioxide (CO2) emissions per year. Ron Shen, Suntech's Vice President of the Asia Pacific, Middle East and Africa, said, "This project represents an important milestone in the development of the solar industry in the Kingdom of Saudi Arabia. We are pleased to work with our partners Phoenix Solar and Saudi Aramco and look forward to continuing to support the ongoing growth of solar in the Middle East."
About KAPSARCThe King Abdullah Petroleum Studies and Research Center (KAPSARC) is an independent non-profit institution that focuses on research in energy economics, policy, technology, and the environment. Its research areas include global energy markets and economics, energy efficiency and productivity, energy and environmental technologies, and carbon management.
About Phoenix SolarFounded in 1999, Phoenix Solar is a global leader in designing, building and operating large commercial and utility-scale solar power plants. Phoenix Solar's technology-neutral approach enables them to objectively provide the best solar solutions for their customers. Their people provide expertise at every level, from project finance all the way through to plant operations.