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 Displays European Union AD-tariff Free Modules, Residential Energy Storage System (RESS) and Double Glass Module at Intersolar Europe 2013
Posted on 2013-06-17
RESS will qualify for new PV storage subsidy rates announced by the German government
WUXI, China, June 17, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP) ("Suntech Holdings" or the "Company"), one of the world's largest solar power companies, today announced that its European Union anti-dumping (AD) tariff free modules, Residential Energy Storage System, and double glass module will be on display at Intersolar 2013 in Munich, Germany.Suntech will be able to provide an EU AD tariff-free version of all its standard modules including Wd mono, Wd poly and Ve poly for customers in the European market. The module's components will be manufactured outside of Mainland China and will not be subject to the trade tariffs announced by the European Union on June 5th.Suntech's Residential Energy Storage System will qualify for the recently announced subsidy for self-consumption PV systems with storage in Germany. RESS has several modular power options available for a peak capacity from 4.5kWh to 17.8kWh, includes a lithium battery with an incentive policy compliant warranty and is available in either alternating current (AC) or direct current (DC) main circuit for on-the-grid or off-the-grid applications. RESS will also feature a touch-screen interface for easy operation and an intelligent control system that can be accessed remotely for real-time monitoring.Suntech's Head of Sales, Europe, Thilo Kinkel, said that "We are very confident that we can supply our customers in Europe and across the globe with excellent products regardless of tariffs. We also continue to launch innovative solutions to meet our customers' needs such as our Residential Energy Storage System which provides an effective 24 hour power solution."Suntech's new double glass module, the Wdj series, substantially reduces potential induced degradation (PID) by eliminating the negative voltage between the module's frame and cells. The Wdj series is also rated for 1500V systems and can significantly reduce balance of system costs (BOS) by decreasing the number of inverters necessary in the solar installation.Please visit Suntech's booth in hall A3, stand number 270 during Intersolar in Munich, Germany from June 19th to 21st.