CECIC and Suntech Power signed a strategic cooperation agreement

China Energy Conservation Investment Corporation (CECIC) and the world's largest crystalline silicon PV modules manufacturer Suntech Power Holdings Co., Ltd. recently signed a strategic cooperation agreement and plan for the future 5 years to develop solar energy projects.

In this cooperation, CECIC will have primary responsibility for investment and development, Suntech Power is primarily responsible for crystalline silicon photovoltaic cells to provide components, systems design and technical services. The two companies plan to focus on the development of 5 years international, China's domestic large-scale grid projects, the integration of urban construction of photovoltaic (BIPV) projects, in remote areas without electricity independent photovoltaic power generation projects and landscape projects complement each other and the network station.

Wang Xiaokang, general manager of CECIC said that the national and the provincial government introduced policies aimed at the solar renewable energy through the development of environmentally sustainable development to achieve the great goal. Suntech Power and the establishment of the partnership is that we in the implementation of government policies with regard to the important step out. "

Suntech Power, chairman and CEO Shi Zengrong said, "China's energy-saving in the project finance and development experience, combined with Suntech Power efficient solutions for the development of China's solar energy project to build a solid foundation. The use of solar power generation, on the one hand can reduce greenhouse gas emissions, on the other hand, would be able to meet the energy needs of the Chinese market. "

Aug. 9, 2009