Science & Technology
Science and Technology
Science and Technology 
Wed, February 11, 2009
Tue, February 10, 2009
Suntech Power Opens NYSE From China To Celebrate New Solar-Powered Headquarters
NEW YORK & WUXI, China--([ BUSINESS WIRE ])--Executives of Suntech Power Holdings Ltd (NYSE: STP) led by Chairman and CEO, Dr. Zhengrong Shi, and government officials today opened the NYSE market from Wuxi, China, to celebrate the recent completion of the company's new solar-powered head office building.
The facility's 1MW solar façade (see attached photo) is the world's largest grid-connected, building-integrated solar system and represents an important step in the ongoing development of the Chinese, U.S. and global solar market.
"We applaud Suntech's renewable energy initiatives and welcome the opening of the NYSE market from China by Dr. Shi," said NYSE Euronext CEO Duncan Niederauer. "Suntech has quickly become a leading global brand, and its new solar-powered headquarters make the company a major user of solar panels as well, setting a great example for others to follow."
"I am honored to ring the bell opening the world's leading financial market, and I thank our customers, our partners, our investors and most importantly our employees for the tremendous support that has enabled us to be here today," said Dr. Zhengrong Shi, Chairman & CEO, Suntech Power Holdings Co. Ltd. "Our listing on the NYSE was a milestone in Suntech's development that has enabled us to accelerate towards our goal of delivering cost-effective solar solutions globally."
Suntech Power Holdings Co. Ltd is the first Chinese company to ring the remote opening bell for the NYSE from China. Mr. Yang Weize, Party Secretary of Wuxi City and Mr. Tan Xueming, Vice Mayor of Wuxi City, joined Dr. Shi for the remote opening bell.
Suntech Power Holdings Co. Ltd listed on the NYSE after its successful IPO in December 2005, the first privately-owned company from China to list on the NYSE in addition to the Chinese State-Owned Enterprises that were already listed.
NYSE Euronext-listed Chinese Companies:
- NYSE Euronext markets list 56 companies listed from Greater China. This includes 41 companies from Mainland China listed on the NYSE, 4 from Hong Kong on the NYSE, and 5 Taiwanese companies on the NYSE, as well as 3 companies listed on NYSE Arca, and 3 companies listed on NYSE Alternext. Additionally, there are 6 companies from Greater China listed on the Free Market in Europe operated by NYSE Euronext, and the recently acquired NYSE Amex lists an additional 9 companies from China.
- The total global market capitalization of the 56 NYSE Euronext-listed companies from Greater China is approx. $1.2 trillion.
- In 2008, NYSE Euronext markets listed 7 companies from China, including 4 on its markets in Europe and 3 on its US markets. All those were entrepreneurial growth companies.
Background about Suntech Power's new headquarters:
Suntech Power's newly finished headquarters building features the world largest solar façade, in Wuxi, China. Some 2,552 pieces of Light Thru™ solar modules (poly silicon cells laminated in double-layer of tempered glass) cover an area of 6,900sqm along two adjacent building fronts. With an additional 300kW rooftop system to be installed on the building, the total solar energy installed will be over 1MW, generating more than one million kWh of electricity per year. In combination with other energy-saving technologies such as energy efficient building materials and a water recycling system, 80% of power demand of the building will be covered, reducing CO2 emission by 600 tons and eliminating the use of 367 tons of standard coal per year.
The 18,000 square meter building features not only solar energy and energy efficiency measures, the unique architectural design using the LightThru panels also provides extensive natural lighting, creating a harmonious connection between the people inside and the outside environment. Fish ponds, rocks, trees and a balcony are incorporated into the interior of the building. The façade was installed by Suntech's engineering team.
Suntech Power Holdings Co., Ltd (NYSE: STP)
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 LineTM. Suntech designs and delivers commercial and utility scale solar power systems through its wholly owned subsidiaries Suntech Energy Solutions and Suntech Energy Engineering and will own and operate projects greater than 10 megawatts in the United States through Gemini Solar Development Company, a joint venture with MMA Renewable Ventures. 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 [ www.suntech-power.com ].