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Suntech to Supply 4MW of Modules to Leading Italian PV System Developer Enerray

Posted on 2008-04-02
SAN FRANCISCO, April 2, 2008 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP) one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced a 4MW module supply agreement with Enerray, an Italian designer, developer and manager of photovoltaic systems. The Suntech modules will be installed by Enerray in PV systems for the rooftops of large Italian industrial complexes."The Italian government's proven commitment to renewable energy has fueled significant solar market growth in the region. Suntech is resolute in supporting utilization of renewable energy resources through the supply of high quality and reliable solar products to European PV system providers such as Enerray," said Jerry Stokes, President of Suntech Europe.Italy is an avid supporter of the solar industry with attractive feed-in-tariffs of EUR0.36/kWh for ground-mounted PV systems and EUR0.44/kWh for buildings integrated PV systems. The current government regulations have set the total feed-in-tariff program cap to 1.2GW before a re-evaluation of the solar program."We are experiencing significant demand for the deployment of commercial rooftop solar systems," said Dr. Eng. Marco Ghirardello, Chief Executive Officer of Enerray. "As one of Italy's leading installers of photovoltaic systems, we have chosen to partner with the well respected Suntech brand to bring their superior quality solar products to key projects in high commerce cities across Italy."Europe is currently the largest regional market for solar photovoltaic systems with countries such as Germany, Spain and Italy experiencing rapid annual growth. In order to better serve customers in the region, Suntech has recently established local sales and service centers in Germany and Spain and plans to continue to expand its European network by establishing offices in Italy and Greece over the next 12 months.About EnerrayEnerray is a company that designs, develops and manages photovoltaic systems of medium and large size. Thanks to its design and business network located in the most important Italian cities, Enerray operates throughout the whole of the Italian territory. The economies of scale that Enerray has obtained with its projects make it competitive also in the supply of modules, inverters and other components to installers of photovoltaic systems. For more information, please visit http://www.enerray.com .
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