Suntech Power Holdings Co., Ltd. a manufacturer of photovoltaic (PV) cells and modules, announced that it has entered into multiple sales agreements with Conergy AG of Germany, a solar system integrator, 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.
’’We are very pleased to be expanding our relationship with Conergy AG,’’ said Dr. Zhengrong Shi, Suntech’s Chairman and CEO. ’’The European and United States markets are the largest and fastest growing solar markets in the world and this agreement further solidifies Suntech’s global strength which we intend to continue to build upon, especially with our expanding on-the-ground sales presence as demonstrated by our Suntech America and Suntech Europe units.’’
