Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest producer of solar panels and Solarstrom AG, a provider of high quality photovoltaic power plants, based in Freiburg, Germany, have signed a contract for Suntech to supply approximately 26 megawatts (MW) of monocrystalline and polycrystalline solar panels, which will be used for new power plants in Germany.
"We are pleased to continue our strong working relationship with Solarstrom AG, an industry pioneer and a successful publicly-listed company, which has provided PV power plant services for 14 years," said Vedat Gurgeli, Vice President Sales and Marketing of Suntech Europe.
Dr. Karl Kuhlmann, CEO of Solarstrom AG, comments: "Suntech offers modules of a proven high-quality standard, which can also be well financed when deployed in projects - these were important criteria for us when we decided on Suntech as a supplier. The quality of modules ultimately defines the yield of a system. And as our customers expect reliable revenue, we are not prepared to compromise. In addition, the funding of projects is an important prerequisite for successful sales".