1358:
643:
36:
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349:. Shunfeng International Clean Energy Limited, a HKSE listed renewable energy investment and Independent Power Producer company, acquired Suntech in 2014 following Suntech's bankruptcy in 2013. With offices or production facilities in every major market, Suntech has delivered more than 13,000,000 solar panels to thousands of companies in more than 80 countries around the world. As the center for the company's global operations, Suntech headquarters, in
657:
83:
280:
256:
231:
206:
182:
587:. The consolidated private equity investment into Suntech is generally considered to be one of China's most profitable private equity investments ever, as each firm is thought to have made gains well over 10x on their original investments. The company's stock performed quite well after its first day of IPO on Dec 14th, 2005.
595:
to companies related to GSF, using €560 million in German government bonds from GSF Capital as collateral. There was no issue related with transparency and GSF was wrongly blamed for failure of
Suntech (evident from Earnings call, Chairman comments) However, on 30 July 2012 Suntech revealed that the
590:
GSF became biggest partner of
Suntech and in 2010, almost all the international sales were through GSF. In June 2008, Suntech invested into their biggest partner, Global Solar Fund (GSF), a company investing in power plants in Spain and Italy. In May 2010, Suntech guaranteed a finance arrangement of
566:
Solar Energy
Development Company of the Year. Frost & Sullivan Research Analyst Mary John commented on the recognition, "The company's pioneering success in developing energy-efficient, cost-effective and customizable building integrated photovoltaic (BIPV) systems and crystalline PV cells, and
553:
Market share of the top five
Chinese solar companies ranked in 2011, which are Suntech, Yingli, Trina, Canadian and Jinko, made a huge advancement from 17.2% market share in 2009 to 30% market share in 2011. The five Chinese solar module companies almost doubled their totaling market share in 2.5
567:
modules for solar energy conversion into electricity are highly commendable. It has gone beyond just meeting global energy needs to anticipating them as well and highly satisfied customers testify that the BIPV systems and other energy-efficient products are customized precisely to their needs."
356:
Suntech's fortunes have declined significantly since its peak in 2008, due to a glut in the market for solar products and problems with its investments. In March 2013 it announced a US$ 541 million bond payment default, becoming the first company from mainland China to default on its US bonds.
74:
570:
The
Andalay AC Solar PV Panel was awarded one on MSN's most brilliant products of 2009 because of innovations that advanced their ease of installation and use. Suntech Power is one of the main manufacturers of components for the Andalay Solar Panel sold by Akeena Solar (AKNS).
357:
Chinese banks subsequently filed to place
Suntech's main unit, Wuxi Suntech Power Holdings Co., Ltd., into insolvency. The company's American Depository Receipts were subsequently delisted from the New York Stock Exchange and placed on the over the counter (OTC) exchange.
631:, to seek protection from U.S. creditors. A creditors’ working group led by distressed debt funds Clearwater Capital Partners LLC and Spinnaker Capital Ltd. announced in August a plan to recapitalize the solar maker, the company said in a statement.
547:. Suntech targets to ship over 2 GW in 2011; however, free price fall for solar components in 2011 made this more difficult to achieve. During the downturn of solar panel price, Chinese companies showed their ability to compete in cost management.
434:
Suntech
America was based in San Francisco, California, and had plans to start a production facility in Phoenix, Arizona in 2010. In 2009, Suntech had executives of their US operations in top posts in American solar panel industry groups.
1520:
604:
Suntech announced in 2013 that it will be closing its
Goodyear, Arizona, panel manufacturing plant. The reason given for the closure was the hefty tariffs imposed on Chinese solar cells by the
399:
In 2007, Dr. Shi was named one of Time
Magazine's Heroes of the Environment and referred to as the world's first 'green billionaire'. Dr. Shi was honored in January 2010 as a finalist for the
1485:
1525:
1299:
1168:
929:
730:
411:
Suntech Power has representative offices in China, Australia, the United States, Switzerland, Spain, Italy, Germany, Japan, and Dubai, as well as production facilities in
1346:
904:
550:
On the very first day of the third quarter in 2011, SunTech announced that they would terminate their long-term wafer contract with MEMC by paying $ 120 million.
1085:
385:
1063:
834:
1000:
1064:"Frost & Sullivan Recognizes Suntech Power for Its Technical Expertise With Low Cost, High Quality Products for Solar Energy Markets - Business News"
787:
1254:
443:
Suntech Power has supplied or installed solar modules for numerous solar power plants and systems around the world. Notable installations include:
1324:
619:
Suntech, defaulted on $ 541 million of convertible bonds in March 2013. On March 20, 2013, the main subsidiary of
Suntech filed for bankruptcy in
510:
1193:
1285:
1019:
806:
707:
693:
1339:
756:
605:
933:
1109:
Google Finance. Akeena Solar, Inc. (Public, NASDAQ:AKNS). Retrieved November 12, 2009, from Akeena Solar Inc. company profile website:
773:
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1490:
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908:
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198:
1500:
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bonds didn't exist, they were apparently forgeries. In the following week, Suntech shares lost 40% of their value.
341:, with 2,000 MW (2,700,000 hp) of annual production capacity by the end of 2011. It is headquartered in
821:
1255:"Chinese Solar Panel Companies, Faced With Overcapacity, Low Demand And EU Tariffs, Are Facing A Painful Future"
1510:
1207:
955:
579:
Before going public on the NYSE in 2005, Suntech was funded by a consortium of private equity firms, including
1083:
MSN Tech and Gadgets. 10 Most Brilliant Products of 2009. Retrieved November 12, 2009, from MSN website:
1378:
400:
1016:
466:
389:
953:
Retrieved November 12, 2009, from Solar Energy Industries Association: About: SEIA Board website:
754:
1515:
374:
24:
1383:
592:
454:
1530:
481:
543:
In 2010, Suntech topped the solar panel shipment with 1.49 GW shipment volume, according to
1373:
1362:
670:
283:
259:
235:
210:
185:
1086:"10 Most Brilliant Products of 2009 - MSN Tech & Gadgets - Slide Shows - Products - 6"
8:
1232:
563:
537:
49:
Please help update this article to reflect recent events or newly available information.
514:
487:
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1121:
884:
846:
428:
381:
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320:
272:
608:. Though the panels were assembled in Arizona, the cells were produced in China.
1431:
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1004:
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138:
120:
20:
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1521:
Companies that have filed for bankruptcy in the People's Republic of China
1441:
475:
338:
353:, China, features the world's largest building integrated solar facade.
1416:
529:
493:
223:
623:, China. In February 2014, Suntech filed for Chapter 15 bankruptcy in
1144:"Suntech Reports Fourth Quarter and Full Year 2010 Financial Results"
771:
624:
369:(born c. 1963) was the founder of Suntech Power and, until 2013, its
73:
1169:"Suntech Power Q3 2009 Earnings Call Transcript - Transcripts calls"
959:
1017:
Chinese PV pioneer helps build Israel's biggest solar power station
447:
424:
370:
172:
United States, Germany, Switzerland, Japan, Australia, Italy, Spain
82:
822:"UPDATE 2-Solar pain hits China as Suntech unit nears insolvency"
807:"Biggest Solar Collapse in China Imperils $ 1.28 Billion: Energy"
656:
620:
518:
420:
416:
346:
153:
1319:
1286:"Suntech Seeks New Cash After China Bankruptcy, Liquidator Says"
1227:"Suntech Closing Goodyear Solar Plant; Blames U.S. Solar Tariff"
804:
525:, which was connected to the electricity grid in December 2008.
308:
1446:
1208:"Italian road to China's Suntech fraud was paved with warnings"
1028:
533:
503:
328:
956:"SEIA Board | SEIA - Solar Energy Industries Association"
1357:
864:
248:
159:
544:
19:"Suntech" redirects here. For the building in Malaysia, see
1194:"Suntech Probes Potential Fraud on $ 680 Million Guarantee"
774:"Suntech Defaults on $ 541 Million Bond, a First for China"
412:
350:
342:
149:
502:
The company's Suntech Energy Solutions division completed
1300:"Chinese Subsidiary of Suntech Power Declares Bankruptcy"
1220:
865:"School of Photovoltaic and Renewable Energy Engineering"
554:
years and took nearly one-third of the worldwide market.
403:. Dr. Shi was also appointed Visiting Professor at UNSW.
1486:
Companies formerly listed on the New York Stock Exchange
386:
School of Photovoltaic and Renewable Energy Engineering
1526:
Companies that filed for Chapter 11 bankruptcy in 2014
772:
Alex Morales & Christopher Martin (2013-03-18).
638:
689:
687:
685:
998:Israel opens largest solar plant with Chinese help
733:. Ir.suntech-power.com. 2011-02-28. Archived from
396:, later to be Suntech's Chief Technology Officer.
788:"Suntech announces default, search for financing"
1477:
703:
701:
682:
616:In 2013 the solar industry faced over capacity.
805:Ehren Goossens & Justin Doom (2013-03-21).
694:Suntech's annual income statement via Wikinvest
930:"Suntech - About - Investors - Press Releases"
731:"Suntech - About - Investors - Press Releases"
1340:
698:
513:to build a 50 kW rooftop project in the
98:
1280:
1278:
1276:
1056:
708:Suntech's annual balance sheet via Wikinvest
606:United States International Trade Commission
1043:"MEMC, Suntech terminate wafer supply deal"
905:"Shi Zhengrong - Heroes of the Environment"
837:. September 22, 2006. Accessed May 7, 2007.
532:field, the first commercial solar field in
506:'s 1.6 MW solar installation in June 2007.
388:. At UNSW, Dr. Shi studied under Professor
300:Shunfeng International Clean Energy Limited
1347:
1333:
509:Suntech Power joined with Israeli company
81:
72:
1273:
562:Suntech Power was recognized as the 2008
574:
1478:
1010:
932:. Phx.corporate-ir.net. Archived from
463:Arizona State University (Arizona, US)
1328:
1122:"China's Suntech shines in solar IPO"
902:
472:Elecnor Power Plant (Trujillo, Spain)
406:
29:
819:
13:
460:Alamosa Power Plant (Colorado, US)
87:Suntech Headquarters in Wuxi, 2010
14:
1542:
1313:
536:. The field was developed by the
1496:Manufacturing companies of China
1460:
1459:
1356:
655:
641:
528:Suntech panels were used on the
438:
279:
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67:Suntech Power Holdings Co., Ltd.
34:
16:Chinese producer of solar panels
1363:Solar energy companies in China
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1506:Companies established in 2001
676:
611:
382:University of New South Wales
903:Green, Martin (2007-10-17).
7:
1491:Photovoltaics manufacturers
820:Wee, Sui-Lee (2013-03-20).
720:Suntech Press Release, 2014
634:
591:€554.2 million provided by
478:Solar Farm (Abu Dhabi, UAE)
337:) is a Chinese producer of
10:
1547:
985:February 12, 2009, at the
980:Google Solar Panel Project
599:
360:
18:
1465:Energy companies of China
1455:
1392:
1379:Renewable energy in China
1369:
890:October 20, 2007, at the
835:The alternative rich list
792:The Sydney Morning Herald
759:January 17, 2009, at the
557:
401:Zayed Future Energy Prize
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43:This article needs to be
1288:. Bloomberg. 2014-04-29.
1196:. Bloomberg. 2012-07-30.
497:(Kibbutz Ketura, Israel)
467:Beijing National Stadium
380:He is a graduate of the
23:. For similar uses, see
1501:Companies based in Wuxi
851:March 12, 2008, at the
453:The Wharf, home of the
375:chief executive officer
1225:LLP (March 19, 2013).
1210:. Reuters. 2012-08-06.
1066:. redOrbit. 2008-04-15
907:. TIME. Archived from
593:China Development Bank
455:Sydney Theatre Company
427:, Germany, Japan, and
309:www.suntech-power.com/
1511:Solar energy in China
1148:www.suntech-power.com
482:Nellis Air Force Base
1374:Solar power in China
1007:, December 10, 2008.
671:Solar power in China
575:Financial activities
564:Frost & Sullivan
319:Holdings Co., Ltd. (
1233:National Law Review
1032:, December 9, 2008.
911:on October 21, 2007
538:Arava Power Company
457:(Sydney, Australia)
168:Number of locations
68:
1022:2008-12-12 at the
1003:2008-12-17 at the
515:Israeli settlement
488:Expo 2010 Shanghai
66:
1473:
1472:
1412:JA Solar Holdings
885:Dr. Zhengrong Shi
490:(Shanghai, China)
429:Goodyear, Arizona
407:Global operations
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867:. Pv.unsw.edu.au
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1432:Tongwei Company
1407:Hanwha SolarOne
1402:Daqo New Energy
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1384:Energy in China
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1320:Suntech website
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1261:. 13 June 2013
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1223:Lewis and Roca
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1124:. Dec 15, 2005
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238:1.00 Billion (
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188:3.15 Billion (
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130:September 2001
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1427:Suntech Power
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1306:. 2013-03-20.
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1092:on 2009-10-16
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1045:. Eetimes.com
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1021:
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367:Shi Zhengrong
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286:946 Million (
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1480:Categories
1417:JinkoSolar
1179:2016-11-17
1096:2009-12-07
1070:2014-03-24
1049:2014-03-24
966:2009-12-07
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741:2014-03-24
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