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Development Of 7.2 MW Of Solar Projects In The US
San Francisco CA (SPX) Mar 19, 2009 Suntech Power Holdings and 3rd Rock Systems and Technologies have announced that they have established a strategic alliance in connection with the development of an initial 7.2 MW of solar systems in the United States. 3rd Rock will act as project developer and leverage existing relationships to raise project financing. For projects developed under the alliance, Suntech will be both the preferred supplier of solar modules and provide engineering, procurement and construction services through its wholly owned subsidiary, Suntech Energy Solutions. "This alliance creates an excellent opportunity to leverage 3rd Rock's expertise in monetizing a broad variety of tax credits, loans and other incentives, which are particularly appealing to schools and other non-profit organizations, with Suntech's engineering expertise and access to solar panels," said Steven Chan, Suntech's Chief Strategy Officer and President of Global Sales and Marketing. "Combined with our existing pipeline of traditional commercial and utility projects and our growing network of residential installers, this will enable us to directly serve the full breadth of solar customers in the US." "Suntech's proven track record of supplying premium-quality panels and implementing commercial-scale solar systems makes this a great match for 3rd Rock," said Vijay Israni, President of 3rd Rock. "Our complete solar solution presents a clear value proposition to prospective customers and we expect to rapidly gain traction with customers beyond our current pipeline." Share This Article With Planet Earth
Related Links Suntech All About Solar Energy at SolarDaily.com
Atmospheric Sunshade Could Reduce Solar Power Generation
Washington DC (SPX) Mar 17, 2009The concept of delaying global warming by adding particles into the upper atmosphere to cool the climate could unintentionally reduce peak electricity generated by large solar power plants by as much as one-fifth, according to a new NOAA study. |
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