Frost & Sullivan has recognized Suntech Power with the 2008 Global Frost & Sullivan Company of the Year Award, which lauds Suntech for delivering low-cost, high-quality, innovative and energy-efficient photovoltaic cells and modules and system integration solutions.
Suntech has maintained strong profitability and exhibited an exceptional doubling of revenue and output annually from 2005 to 2007. It is the third largest PV cell manufacturer and largest solar module manufacturer in the world, with a high production growth rate and market capitalization of $6.3 billion in 2007.
The company is export-focused and ranks among the top three suppliers in the three largest solar markets – Germany, Spain and the U.S. It has also exhibited impressive strides toward recognition in China, South Korea, Japan, France, Greece, Portugal and Italy.
Each year, Frost & Sullivan presents this award to the company that has demonstrated unparalleled excellence in design and delivery of high-quality PV cells and modules and customization of energy solutions in the solar development sphere to global clients in the past year.