Suntech appears to be rebounding strongly from its (relatively) recent bankruptcy — as its recent announcement of a pipeline of over 900 MW worth of solar PV projects in the UK has shown.
Despite some of the company’s missteps in recent years, ever since it was acquired by Shunfeng Photovoltaic International Limited in April, it has been, seemingly, making all the right moves.
As part of this “rebuilding” process, the 900 MW project pipeline is expected to play a major part in the company’s (hoped for) re-ascent to the top of the industry. The projects are being developed in partnership with Greenfield Solar International — with the expectation being that the projects will be completed by the end of 2015. (It should go without saying that Suntech solar panels will be the only brand of panels used for the projects.)
Sustainnovate provides more:
Now called Wuxi Suntech Power Co, this is the most exciting news I’ve seen about the company in years. A 900 MW pipeline is large, and that it is supposed to be completed within just over a year is notable. Financing for the solar power projects has just been secured from youmex, a financial and capital markets firm based in Germany.
Suntech’s 60-cell polycrystalline modules are reportedly quite good at turning diffuse, weak light into electricity. That’s important in a country known for its light deficiency.
It’s great to see Suntech bouncing back. The company had accomplished a great deal before its fall, and its founder, Zhengrong Shi, was even a Zayed Future Energy Prize finalist in 2010, just the second year of the prestigious Zayed Future Energy Prize awards. I’m sure he’s happy to see business growing again.
Given the great ups and downs that Suntech has experienced over the years it’ll be interesting to see where it goes next.
Image Credit: Suntech