The company said that South Korea is one of the foremost supporters of the solar industry, with attractive feed-in-tariffs of more than $0.70/kWh and an impressive target of 1.3GW installed photovoltaic (PV) capacity by 2011.
Zhengrong Shi, chairman and CEO of Suntech, said: The South Korean market for solar energy has quickly developed into one of the key drivers for solar demand in Asia and we are very pleased to have established a base there. In a short time frame, we have put together a strong team consisting of four people with over 15 years of combined experience in the PV industry.
Our team will focus on building strong customer relationships and delivering exceptional pre- and post-sales service. This office is integral to Suntech’s plan of developing and maintaining key customers in diverse markets with long-term growth potential.
