Suntech Power Holdings Co., Ltd. (NYSE: STP), one of the world’s leading manufacturers of photovoltaic (PV) cells and modules, announced it has entered into multiple sales agreements with Conergy AG, a leading solar system integrator based in German, to provide it with various PV modules for its global projects.
The Company currently estimates that the value of the PV modules to be sold under these agreements in 2007 is at least US$270 million and could increase depending upon whether additional optional PV modules are exercised under the agreements.
About Suntech
Suntech designs, develops, manufactures, and markets a variety of PV cells and modules for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech’s majority-owned subsidiary, MSK Corporation is involved in the building-integrated photovoltaics (BIPV). http://www.suntech-power.com
About Conergy
Conergy AG is considered to be the highest volume solar company in Europe, and is among the leading international providers of other rapidly growing fields of renewable energy, including bioenergy. Conergy offers customized renewable energy solution for each customer.
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