Meldungen 27.10.2008

Suntech Power Holdings Co., Ltd.: Joining The Climate Group

NEW YORK and WUXI, China, / Suntech Power Holdings Co., Ltd., the world's largest photovoltaic (PV) module manufacturer, today announced it has joined The Climate Group, a global, independent organization dedicated to accelerating action on climate change. Suntech is the first and only solar energy company to join The Climate Group.

Uniting with other international members of The Climate Group at an event held in Beijing on Friday, October 24th, Suntech pledged to help the world reduce greenhouse gas emissions by driving down the cost of solar and promoting widespread adoption of solar systems.

"Joining The Climate Group is a tremendous opportunity for collaboration with some of the world's brightest environmental minds to develop practical solutions to reduce greenhouse gas emissions," commented Dr. Zhengrong Shi, Suntech's Chairman and CEO. "At Suntech, we view our march towards grid parity, through intensive investment in solar technology and innovation, as integral to achieving a global solution to climate change."

According to a report recently released by The Climate Group, China's Clean Revolution, China has already become the world's largest renewable energy producer in terms of installed capacity, with the largest hydro- electric fleet and the fifth largest wind power fleet, and is second only to Japan in solar photovoltaic panel production, producing 820 megawatts (MW) of solar capacity in 2007. China's energy consumption relative to total output dropped more than 60% between 1980 and 2005, and the country has set a target of a further 20% cut between 2006 and 2010. Solar power will play a key role in helping China to achieve these ambitious targets.

Changhua Wu, Greater China Director of The Climate Group, commented, "The addition of Suntech to our organization highlights China's ambition to lead the clean revolution. I am hopeful that Suntech's industry leadership and commitment to effecting change, via its offering of innovative, high-quality solar energy products, will soon become commonplace for all Chinese companies."

About Suntech

Suntech Power Holdings Co., Ltd. (NYSE: STP - News) is a world-leading solar energy company as measured by both production output and capacity of solar cells and modules. Suntech is passionate about improving the environment we live in and dedicated to developing advanced solar solutions that enable sustainable development. Suntech designs, develops, manufactures, and markets a variety of high-quality, cost-effective and environmentally friendly solar products for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech offers one of the broadest ranges of BIPV products under the MSK Solar Design Line(TM). Suntech has sales offices worldwide and is a market share leader in key global solar markets. For more information, please visitwww.suntech-power.com.

About The Climate Group

The Climate Group (www.theclimategroup.org) is an independent, nonprofit organization that works with government and business leaders to accelerate the transition to a low-carbon economy. Its coalition of proactive leaders -- from government, business and NGOs - has demonstrated that the emissions reductions needed to stop climate change can be achieved while boosting profitability and competitiveness. Companies, states, regions and cities around the world are realizing there are significant economic as well as environmental advantages of taking decisive action now. The Climate Group was founded in 2004 and has offices in the UK, US, China, India and Australia.

For more information on Suntech, please contact:

In China:
Rory Macpherson
Investor Relations Director
Tel:   +86-21-6288-5574
Email: rory@suntech-power.com

In the United States:
Sanjay M. Hurry
Vice President
The Piacente Group, Inc. (Investor Relations Counsel, Suntech)
Tel:   +1-212-481-2050
Email: suntech@tpg-ir.com

For more information on The Climate Group, please contact:

In China:
Jiajia Luo
Tel:   +86-10-6440-3639 x8003
Email: jluo@theclimategroup.org

In Europe:
Tom Howard-Vyse
Tel:   +44-207-960-2991
Email: thoward-vyse@theclimategroup.org

In the United States:
Neal McGrath
Tel:   +1-646-233-0554
Email: nmcgrath@theclimategroup.org

Source: Suntech Power Holdings Co., Ltd.


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