Suntech attended 2019 BNEF Summit

On December 3, 2019, the BNEF Summit 2019 was held at The Ritz-Carlton Shanghai. Suntech was invited to attend this summit.

With the theme of “Innovation, Progress, and Prosperity: The Impact of the 14th Five-year Plan on Future Development,” the BNEF Summit brought together top research findings of the Bloomberg New Energy Finance(“BNEF”), and it made in-depth investigations of energy system change and the drivers behind it.

During the summit, Suntech management team communicated with Mr. Jon Moore, Global CEO of BNEF. Up to now, Suntech has cumulatively delivered 21 GW modules, and an additional 4 GW is expected to be delivered this year. In the future, Suntech will respond to the industry chain of the Group by optimizing and integrating resources of silicon wafers, cells, and modules. Mr. Jon Moore stated that his company has been dedicated to providing wonderfully professional analysis and insight into the energy sector, and this has helped decision makers seize the opportunities in the ever-changing energy industry. He looks forward to continuing BNEF’s work with Suntech in future.

Then Mr. Cao Xiaorong, Vice President of Suntech gave an exclusive interview with BNEF. During the introduction of the Suntech brand, Mr. Cao Xiaorong told reporters:“In recent years, Suntech has been actively exploring the launch of its brand to go-abroad strategy. With a history of 19 years, suntech has become one of the most trusted international photovoltaic brands.”

According to the“2019 PV Module Bankability Report” by BNEF in August this year, Suntech is the seventh most bankable PV brand worldwide in 2019, with its ranking having climbed 11 places since the 2018 report. BNEF’s annual report ranks the bankability of brands based on the likelihood of PV projects receiving non-recourse loans from financial institutions when using modules from the specified company. In addition to its top 10 ranking in 2019, Suntech is now the world’s sixth most bankable PV module brand of all time. The brand was also listed in Bloomberg’s latest Tier 1 Solar Panel List.

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