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...
Only Solar Energy Company to Shine in Terms of Environment and Social Initiatives
Posted on 2011-09-29
SAN FRANCISCO, Calif., Sept. 29, 2011 /PRNewswire via COMTEX/ --Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest producer of solar panels, announced today that it has supplied solar panels for two solar power plants in central California. Built and engineered by Cupertino Electric, Inc.'s (CEI) Energy Alternatives Division, the 20MW (AC) and 15MW (AC) projects, located in Helm and Five Points, Calif., respectively, feature more than 150,000 of Suntech's multicrystalline solar panels for utility-scale electricity generation.
Construction of the two fast-track projects began in earnest in April 2011. The projects were designed and built by Cupertino Electric for Pacific Gas and Electric Company (PG&E) under the utility's five-year, 500MW clean energy initiative. The PG&E program includes up to 250MW of utility-owned solar generation. "Suntech's ability to deliver large volumes of high-quality solar panels, backed by meaningful guarantees, helped us to meet PG&E's fast-paced schedule," said Tim Jensen, project executive with Cupertino Electric, Inc. "Our successful delivery of this project to PG&E was made possible by the contributions of reliable subcontractors and suppliers like Suntech." "Solar is one of the fastest generation assets that you can build, as demonstrated by Cupertino Electric with these two well-designed and well-executed projects," said Mick McDaniel, vice president of Utility Sales Division for Suntech America. "Although the economics will continue to improve, solar technology is ready today to provide cost-effective, large-scale solutions for electricity generation." About Cupertino Electric, Inc. Cupertino Electric, Inc. (CEI) is headquartered in San Jose, Calif. and has provided expert engineering and construction services for a constantly evolving world for more than 57 years. Its Energy Alternatives Division designs, constructs and manages innovative solar and alternative energy solutions. For more information, visit www.cei.com/energy