Suntech joins The Climate Group

Uniting with other international members of The Climate Group at an event held in Beijing on Friday, October 24th, Suntech pledged to help the world reduce greenhouse gas emissions by driving down the cost of solar and promoting widespread adoption of solar systems.

"Joining The Climate Group is a tremendous opportunity for collaboration with some of the world's brightest environmental minds to develop practical solutions to reduce greenhouse gas emissions," commented Dr. Zhengrong Shi, Suntech's Chairman and CEO. "At Suntech, we view our march towards grid parity, through intensive investment in solar technology and innovation, as integral to achieving a global solution to climate change", he added. 

According to a report recently released by The Climate Group, China's Clean Revolution, the country has already become the world's largest renewable energy producer in terms of installed capacity, with the largest hydro-electric fleet and the fifth largest wind power fleet, and is second only to Japan in solar photovoltaic panel production, producing 820 megawatts (MW) of solar capacity in 2007. China's energy consumption relative to total output dropped more than 60% between 1980 and 2005, and the country has set a target of a further 20% cut between 2006 and 2010. Solar power will play a key role in helping China to achieve these ambitious targets.

Mr Changhua Wu, Greater China Director of The Climate Group, commented, "The addition of Suntech to our organization highlights China's ambition to lead the clean revolution. I am hopeful that Suntech's industry leadership and commitment to effecting change, via its offering of innovative, high-quality solar energy products, will soon become commonplace for all Chinese companies." 

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