August 5, 2009

San Francisco, CA, USA: Suntech Signs Contract with Recurrent Energy to Deliver 5MW of Modules

Suntech Power has been selected to supply over 25,000 modules for Recurrent Energy's five megawatt municipal solar power project atop the Sunset Reservoir in San Francisco, California. All modules are scheduled for delivery in the fourth quarter of 2009.

The project, contracted by the San Francisco Public Utilities Commission in late 2008 and signed into law by San Francisco Mayor Gavin Newsom in May 2009, will more than triple San Francisco's total municipal solar power output from 2MW today to 7MW upon completion in 2010. According to the SFPUC, it will be California's largest solar photovoltaic system to date.

''Suntech America and Recurrent Energy are both San Francisco-based companies and we are proud to jointly participate in bringing a green energy future to this wonderful city,'' said Steven Chan, Suntech's Chief Strategy Officer and President, Global Sales/Marketing. ''Working together, we can help reduce dependence on fossil fuels throughout North America. Forward-thinking projects such as the Sunset Reservoir system set a notable precedent for reducing greenhouse gases and stimulating a national green economy.''

After extensive vetting, Recurrent Energy chose Suntech's high-efficiency solar modules to help maximize energy production after considering the site's urban setting and finite usable roof space. Suntech modules are effective in converting the sun's rays into electricity in low and indirect light, an important factor given the site's wide variety of weather conditions during the year.

''The combination of the system design and Suntech modules will help us to deliver the maximum amount of solar energy and environmental benefits over the lifetime of the Sunset Reservoir project,'' said Arno Harris, CEO of Recurrent Energy. ''This PV system is expected to produce enough renewable energy to provide for 1,000 typical City residents, avoiding the release of more than 109,000 metric tons of carbon dioxide emissions.''

Recurrent Energy will own and operate the system and sell all the renewable electricity to the City and County of San Francisco under a 25-year power purchase agreement. The anticipated production for the 5 MW project is 6,560,000 kWh in the first year. Under the agreement, Recurrent Energy assumes all financing, construction, and operating obligations for the project.

Further details about: Recurrent Energy and Suntech Power