On Aug 9th 2020, Suntech announced to consolidate close cooperation in PV industry chains. Suntech signed strategic cooperation agreements with China Development Bank Energy and Runergy successively at SNEC 2020.
China Development Bank Energy was incorporated in December, 2014, with an aim to build a leading global clean energy industry investment company with main business scope focusing on the investment in the construction and operation in solar and wind power stations. It is also striving to tap the extended services including stored energy, hydrogen energy, energy internet and distribution of electricity. With the strategic cooperation, it is expected to achieve complementary advantages based on brands, capital, designs, services and channels and develop the markets. Both sides agreed to promote “affordable internet access” for PV generation at a fast step, to lower carbon emissions greatly and improve ecological environment quality.
Runergy was established in May, 2013, devoted to the development and technology of solar energy applications. With the cooperation agreement on 4GW high efficiency battery supply during 2020-2021 years between Suntech and Runergy, it is expected to take advantages to broaden brand influence for win-win development in the years to come.