Suntech and China Huadian Sign Strategic Agreement to Develop 500MW of Solar Projects  

By Celine Bao    
Suntech Power Holdings Co., Ltd. (NYSE: STP) announced July 22nd that Suntech has recently entered into a strategic agreement with China Huadian New Energy Development Co., Ltd. (CHDNE) to develop a 500 MW utility-scale and commercial roof-top solar projects in China's sun rich western provinces, Jiangsu province and Shanghai over the next three years.
   Under the agreement, CHDNE will be responsible for the project investment and development and Suntech will be responsible for supplying crystalline silicon solar modules, system design and technical support.
   In addition, Suntech has recently signed a number of strategic agreements with Shaanxi, Ningxia, and Qinghai provincial governments, and Shizuishan and Panzhihua municipal governments respectively, to develop 300 MW, 500 MW, 500 MW and 500 MW of solar projects respectively. These projects, with an aggregate of 1.8 GW, are expected to be developed in several stages.
   Suntech Power, the world's largest crystalline silicon photovoltaic (PV) module manufacturer, designs, develops, manufactures, and markets quality, high-output, cost-effective and environmentally friendly solar products for electric power applications in the residential, commercial, industrial, and public utility sectors.