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City of Santa Barbara Activates City's First Large-Scale Solar Power System

Posted on: Wednesday, 11 March 2009, 07:00 CDT

SANTA BARBARA, Calif., March 11 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest manufacturer of photovoltaic (PV) modules, in partnership with the City of Santa Barbara and Tioga Energy, a leading solar financing firm, today announced the activation of the City's first large-scale solar power system. The 384 kW DC system is the first large-scale solar deployment for the City of Santa Barbara as well as the largest solar power system in the City.

The ceremony and educational tour are to be held from 2:00 - 3:00 PM beginning in the David Gebhard Meeting Room, located at 630 Garden Street in Santa Barbara. The speaker program includes local Nobel Prize Laureate and sustainability advocate Walter Kohn and Santa Barbara Mayor Marty Blum, who will dedicate the City's Corporate Yard solar system.

"We are excited to produce clean, renewable power here in Santa Barbara while simultaneously reducing our energy costs," said Marty Blum, Mayor of the City of Santa Barbara. "Our climate is perfect for solar, we can apply the savings to other city programs, and we are helping the environment. This is a tremendous win for everyone."

The system, which is spread among the Corporate Yard's roofs, features Suntech modules designed to minimize aesthetic impact while providing maximum energy output. Suntech solar panels were chosen for their consistent high quality, reliable performance, and efficiency. Suntech Energy Solutions installed the system in Fall 2008 in less than three months.

"Working with the City of Santa Barbara and Tioga Energy has been a pleasure for Suntech," said Marco Garcia, Vice President of Project Development for Suntech Energy Solutions. "We look forward to helping cities and local governments follow Santa Barbara's lead in converting unused land and roof space into power generating assets."

The solar energy system was built without any large capital outlay on behalf of the City of Santa Barbara. Instead, the system is financed and operated by Tioga Energy, through its SurePath(TM) Solar Power Purchase Agreement (PPA). Through the SurePath PPA agreement, Tioga Energy sells the energy generated by the system to the city at a fixed, predictable price over the 20-year contract term. As a result, the city receives immediate energy savings and a hedge against future utility rate increases, without the hassle of owning the system outright.

"With its commitment to clean energy, the City is demonstrating that solar power is an affordable option for public agencies concerned with reducing carbon emissions," said Paul Detering, CEO of Tioga Energy. "Our collaborative effort with the City of Santa Barbara and Suntech provides the City with predictably-priced power and demonstrates how successful public-private partnerships can help municipalities meet their financial and sustainability objectives."

The system will produce 550,000 kWh of energy per year, effectively offsetting 421,466 lbs, or 191 metric tons, of carbon dioxide. This is equivalent to removing 35 cars from the road, saving 21,328 gallons of gasoline, or powering over 100 Santa Barbara-area homes a year (based on a single family occupancy energy use of 5,000 kWh per year).

"This first system is a first step in reducing our energy costs and producing clean, renewable energy. We look forward to 'throwing the switch' on more projects in the years to come," said Mayor Marty Blum.

For more information about the City of Santa Barbara, visit http://www.SantaBarbaraCA.gov/ .

About Tioga Energy

Tioga Energy enables commercial, government and non-profit organizations to reduce their energy costs while lowering carbon emissions. Through the SurePath Solar power purchase agreement (PPA), Tioga Energy owns and operates renewable energy systems that provide organizations a hedge against energy price volatility and accelerate their access to clean energy without any capital outlay. For more information call +1-877-333-9787 or visit http://www.tiogaenergy.com .

About Suntech

Suntech Power Holdings Co., Ltd. (NYSE: STP) is the world's leading solar energy company as measured by production output of solar modules. Suntech designs, develops, manufactures, and markets premium-quality, high-output, cost-effective and environmentally friendly solar products for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech's patent-pending Pluto technology for crystalline silicon solar cells improves power output by up to 12% compared to conventional production methods.

Suntech also offers one of the broadest ranges of building-integrated solar products under the MSK Solar Design Line(TM). Suntech designs and delivers commercial and utility scale solar power systems through its wholly owned subsidiaries Suntech Energy Solutions and Suntech Energy Engineering. With regional headquarters in China, Switzerland and San Francisco and sales offices worldwide, Suntech is passionate about improving the environment we live in and dedicated to developing advanced solar solutions that enable sustainable development. 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 include the amount of power the solar system will be able to generate, the amount of carbon dioxide offset, the number of cars removed from the road, and the amount of gasoline saved per year. 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 further information please contact Tioga Energy Lisa Ann Pinkerton Tioga Energy Public Relations Representative Tel: +1-415-977-1916 Tel: +1-412-512-3324 Email: lisa@antennagroup.com City of Santa Barbara Public Works Department James Dewey Facilities & Energy Manager Tel: +1-805-564-5568 Email: jdewwey@SantaBarbaraCA.gov Suntech In China: Rory Macpherson Investor Relations Director Suntech Power Holdings, Co. Ltd. Tel: +86-21-6288-5574 Email: rory@suntech-power.com In the United States: Steve Chadima VP of External Relations Suntech Power Holdings, Co. Ltd. Tel: +1-949-412-7333 Email: schadima@suntechamerica.com

SOURCE Suntech Power Holdings Co., Ltd.

Source: PR Newswire

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