Suntech Strengthens the Partnership with TE to Expand Development in Hungarian PV Market

Suntech, one of the world's leading solar products
manufacturers, announced that it has strengthened the partnership with TE, one
of the biggest PV distributors in Hungary to expand its reach to the Hungarian
as well as Eastern European PV markets.

Founded in 2009, TE Energiak is dedicated to
delivering Tier-1 solar products and has solid experiences in developing
commercial and residential PV projects. As one of the biggest PV distributors
in Hungary, TE is also a EPC company for large scale PV projects. They have
built lots of PV projects in Europe, including the largest PV Maxim integrated
project in Hungary so far at famous public baths of Budapest, with Suntech PV
modules this year.

Hungary PV market had a record year for solar energy
development in 2018, deployed more than 400 MW of solar in 2018. Most of last
year’s new additions – 320 MW – came through a FIT scheme but a further 90 MW
was represented by net metered installations. Hungary’s National Renewable
Action Plan is aiming to meet 14.65% of the nation’s power demand from
renewables by 2019.

After 10 years’ contribution in the Hungarian’s PV
industry, TE has become one of the most prominent solar companies in Hungary as
well as in the Eastern European markets. They organize different kinds of
educating and technical workshops to clients, installers and distribution
partners regarding all fields of the PV industry, and have won a very good
reputation in the PV industry.

Suntech has established the cooperation with TE since
10 years, and has been well-recognized for its high conversion efficiency, high
output and high reliability solar modules. Its business philosophy is highly
compatible with TE. After several years´ efforts, Suntech has been accounting
for approximately 15% of the solar market in Hungary, providing solar products
to more than 80 countries and regions in the world, exceeding shipments over
18GW globally.

The long-term partnership of Suntech and TE will
accelerate the deployment of green energy in Hungary and other Eastern European
countries, and further promote the development of green energy globally.

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