Three of Suntech’s long-term partners in Europe including a value-added reseller, an engineering, procurement and construction (EPC) company, and a project developer, signed the agreements to secure access to Suntech’s solar modules and to develop collaboration on market information, shipment planning, and new product roll-outs.
Jerry Stokes, VP of strategy and business development at Suntech, said: “Customers choose to partner with Suntech because of our proven commitment to quality, reliability and performance, which is backed up by over 1.5GW of installations.
“With the solar market expected to resume strong annual growth in 2010 and beyond, it is essential for both our partners and Suntech to gain a clearer understanding of future market drivers and project pipelines. This will enable us to align product specifications, performance and market demand with capacity expansion and to differentiate our products and the solutions offered by our partners.”
Under terms of the agreements, 115MW is planned to be supplied in 2010, 155MW in 2011 and 220MW in 2012, with the option to increase volumes. Suntech anticipates concluding additional long-term supply agreements during the next few months.
Suntech designs, develops, manufactures and markets solar products for electric power applications in residential, commercial, industrial and public utility sectors.
