Suntech Signs Supply Deal for Major Power Plant in Thailand

Suntech Power Holdings Co., Ltd. (NYSE: STP) has been selected to supply 34.5 megawatts (MW) of solar panels for the first phase of major solar power plant in Thailand and Southeast Asia.

Owned and operated by Bangchak Petroleum Public Co., Ltd., and developed by Solartron Public Co., Ltd., the planned 44-MW (38MW AC output capacity) solar power plant will be located just outside of Bangkok.

The project was announced today at a ground-breaking ceremony presided over by Wunrattana Chanukul, the Thailand Minister of Energy.

Upon completion in late 2011, the solar power plant will represent a major milestone in Thailand’s goal to source 20% of its energy consumption from renewable sources by 2022.

Sharp Corporation (6753.T) recently signed an agreement with Thailand’s Natural Energy Development Co., Ltd (NED) to establish a 73-MW solar power plant and supply thin-film solar cell modules for the system.

In a November 2009 report, the Asian Development Bank projected that energy demand in Asia and the Pacific will grow by an estimated 2.4% annually for the next twenty years, a cumulative 80% increase between 2005 and 2030.

Solartron Public Company Limited was founded in 1986. The company offers turnkey service including design, engineering, installation, commissioning, monitoring, maintenance and after-sale services. Solartron says it has provided more than 250,000 solar application systems in the Southeast Asia region. Solartron is now constructing an upstream solar cell factory with a capacity of 30MW per year.


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