Suntech Making Major U.S. Solar Market Inroads

Posted by SI Staff on October 02, 2008 No Comments
Categories : FYI

Suntech Power Holdings Co. Ltd. has announced three initiatives designed to significantly expand its share of the U.S. solar market by better serving the full breadth of U.S. customers, from residential and commercial building owners to utilities and government.

The company is establishing a joint venture with MMA Renewable Ventures, forming Gemini Solar Development Company LLC. Gemini Solar will seek to develop, finance, own and operate large-scale PV projects greater than 10 MW.

Suntech has also acquired EI Solutions, a California-based commercial solar system integration company. The company says the acquisition will enable it to provide complete solar solutions to commercial, utility and government customers in the U.S. The new subsidiary will be named Suntech Energy Solutions and will be headed by Andrew Beebe, EI Solutions' current president.

Also, Suntech is rapidly expanding its U.S. dealer network to increase penetration into the residential rooftop and small commercial system solar market, as well as to build brand recognition with downstream solar integrators.

SOURCE: Suntech

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