Suntech Power Holdings Co. Ltd. plans to establish solar energy products manufacturing operations in the U.S. The company says it is currently exploring opportunities in several states that could be optimal, cost-effective locations for a production and distribution center as part of its strategy to create a long-term presence within the U.S.
‘We believe in the outstanding long-term prospects of the solar energy market in the United States, and we will continue to invest in our ability to meet a substantial portion of that potential growth through in-market manufacturing,’ states Dr. Zhengrong Shi, Suntech's chairman and CEO.
‘A number of favorable developments have led us to this decision, including the dramatic growth in utility demand for large-scale wholesale solar projects, the increasing number of states with incentive programs for customer-owned systems and the federal government's recent stimulus package, all of which will drive steady, long-term growth in demand,’ he continues.
The company plans to select a manufacturing location within the next six months. States or localities with strong economic development initiatives are encouraged to contact Suntech at factory@suntechamerica.com to provide the company with more details and arrange for further discussions.
SOURCE: Suntech Power Holdings Co. Ltd.
