Suntech has deal with Recurrent Energy for 5 MW of solar PV modules

San Fransisco, August 5, 2009 — Suntech Power Holdings Co., a crystalline silicon photovoltaic (PV) module manufacturer, was selected to supply over 25,000 modules for Recurrent Energy’s 5 MW 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 2 MW today to 7 MW upon completion in 2010. According to the SFPUC, it will be California’s largest solar PV system to date.

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.

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.

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