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Suntech Solar Panels Now Available for Ontario Solar FIT Program
SAN FRANCISCO, -- Suntech Power Holdings Co., Ltd (NYSE: STP), the world's largest producer of solar panels, is now offering solar panels that satisfy local content requirements for solar projects in Ontario, Canada. Using 100% Ontario-refined silicon, Suntech's qualifying 225Wp and 275Wp solar panels will help local partners receive approval under Ontario's microFIT and FIT Programs.
As of January 1, 2011, the Ontario microFIT and FIT Programs require solar projects to utilize 60% domestic content. Suntech's high-quality solar panels can now contribute 10% and 11% compliance to the microFIT and FIT Programs respectively, thus enabling solar project developers to achieve the required 60% threshold. Solar project developers can now apply to receive approval for their domestic content plans using Suntech solar panels.
"With Suntech 225Wp and 275Wp solar panels, we have a world-class option for delivering solar projects in Ontario," said Eric Kalmbach, Chief Operating Officer of NorthGrid Solar Inc. "Ontario FIT compliance enables us to continue providing the high level of excellence we demand from our suppliers. Competition is healthy for the solar industry in Ontario and globally. It leads to better quality and, most importantly, helps to drive down the cost of solar electricity, which ultimately encourages even further investment."
Suntech's qualifying solar panels utilize 100% Ontario-refined silicon produced by Calisolar Inc., a privately held, vertically integrated manufacturer of solar silicon, wafers and cells.
"Readily available, high-quality solar silicon is critical to the solar value chain and growth of the solar industry," commented Calisolar CEO Sandra Beach Lin. "Suntech has been working with us for three years and continues to invest resources and effort to make our operations in Ontario world class. This is a great opportunity for our two companies to help meet Ontario's renewable energy goals while creating 75 high-quality jobs in Ontario."
About Suntech
Suntech Power Holdings Co., Ltd. (NYSE: STP) produces industry-leading solar products for residential, commercial, industrial, and utility applications. With regional headquarters in China, Switzerland, and the United States, and gigawatt-scale manufacturing worldwide, Suntech has delivered more than 15,000,000 photovoltaic panels to over a thousand customers in more than 80 countries. Suntech's pioneering R&D creates customer-centric innovations that are driving solar to grid parity against fossil fuels. Suntech's mission is to provide everyone with reliable access to nature's cleanest and most abundant energy source.
For more information about Suntech's people and products visit www.suntech-power.com
About Calisolar
Calisolar is a manufacturer of solar silicon and cells. The company has cell manufacturing operations and headquarters in Sunnyvale, California; silicon purification operations in Vaughan Ontario, Canada; and a state-of-the-art research and development center in Berlin, Germany. The company's US and Canadian-based investors include Advanced Technology Ventures, Globespan Capital Partners, Good Energies, Hudson Clean Energy, Ventures West and Yaletown Ventures. More information is available at www.calisolar.com
About NorthGrid Solar
NorthGrid Solar Inc. is a leading EPC contractor deploying megawatts of FIT-compliant solar PV rooftop projects from its central location in Vaughan, Ontario, Canada. The company is known for engineered, elevated truss rooftop mounting systems (ETS) which satisfy the structural requirements of many buildings while producing superior solar performance. With a combined 50 years of global experience in designing and supplying photovoltaic power systems to clients in 62 countries, NorthGrid is well positioned to take projects from conception to commissioning.
For more information about NorthGrid Solar visit www.northgridsolar.com
For further information, please contact
Walker Frost
Communications Manager
Suntech Power Holdings Co., Ltd.
Tel: +1-415-268-8881
Email: walker.frost@suntech-power.com
Suntech Power Holdings Co., Ltd.
Web Site: www.northgridsolar.com
