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Suntech Receives Frost & Sullivan 2008 Solar Energy Development Company of the Year Award

Posted on: Monday, 14 April 2008, 09:01 CDT

SAN FRANCISCO, April 14 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced it was named Frost & Sullivan's 2008 Solar Energy Development Company of the Year. In granting the award to Suntech, which recognizes a company for unparalleled excellence in design and delivery of high-quality PV cells and modules and customization of energy solutions catering to a global client base, Frost & Sullivan cited Suntech's outstanding focus on R&D and wide spectrum of top-class, energy efficient solutions and products that are sustainable, customizable and of the highest caliber. Suntech will accept the award in a ceremony on April 15th in San Antonio, Texas.

"We are honored to receive such a designation, as it serves to further validate our commitment to provide the most innovative, highest quality solar energy products to customers around the world," said Dr. Zhengrong Shi, Suntech's Chairman and Chief Executive Officer. "We are passionate about working with our customers in anticipating tomorrow's energy needs today. Only through continued innovation can we achieve this goal and truly fortify our position as a global leader in solar energy."

While PV cells and modules ranging from 170 watts to 280 watts are the mainstay of Suntech, Frost & Sullivan highlighted the Company's strong capabilities in building integrated photovoltaic (BIPV) systems as particularly noteworthy and innovative, strengthened by its acquisition of Japanese BIPV specialist MSK in 2006. The MSK Solar Design Line, Suntech's in-house developed, proprietary line of BIPV, has proven to be cost-effective and versatile with a high aesthetic finish.

According to Frost & Sullivan, Suntech has exhibited impressive strides toward recognition in China, South Korea, Japan, France, Greece, and Italy, in addition to ranking among the top three suppliers in the three largest solar markets of Germany, Spain and the United States. With expanding production bases in Wuxi and Shanghai and plans to reach 1GW of PV cell production capacity by the end of 2008, Suntech is set to leverage the ever-increasing demand for clean, reusable and affordable solar power across the globe. In order to better serve its global customer base, Suntech has recently established local sales and service centers in Germany, Spain and South Korea and plans to continue to expand its international network by launching offices in Italy, Greece and Australia over the next 12 months.

About Frost & Sullivan

Frost & Sullivan, the Global Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan's Growth Partnerships, visit http://www.frost.com/ .

About Suntech

Suntech Power Holdings Co., Ltd. is a world leading solar energy company as measured by both production output and capacity of solar cells and modules. Suntech is passionate about improving the environment we live in and dedicated to developing advanced solar solutions that enable sustainable development. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly solar products for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech offers one of the broadest ranges of building integrated photovoltaic (BIPV) products under the MSK product line. Suntech has sales offices worldwide and is a market share leader in key global solar markets. For more information, please visit http://www.suntech-power.com/ .

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will,""expects,""anticipates,""future,""intends,""plans,""believes,""estimates" and similar statements, and includes Suntech's plans to achieve 1GW of PV cell production equipment by the end of 2008, and plans to establish new offices in Italy, Greece and Australia. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in Suntech's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Suntech does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

For more information, please contact: In China: Rory Macpherson Investor Relations Manager Suntech Power Holdings Co., Ltd. Tel: +86-510-8531-8922 Email: rory@suntech-power.com In the United States: Sanjay M. Hurry Vice President The Piacente Group, Inc. Tel: +1-212-481-2050 Email: suntech@tpg-ir.com

Suntech Power Holdings Co., Ltd.

CONTACT: In China - Rory Macpherson, Investor Relations Manager ofSuntech Power Holdings Co., Ltd., +86-510-8531-8922, or rory@suntech-power.com;In the United States - Sanjay M. Hurry, Vice President of The Piacente Group,Inc., +1-212-481-2050, or suntech@tpg-ir.com

Web Site: http://www.suntech-power.com/

Source: PRNewswire

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