"Suntech is poised to quickly expand our presence in the South African market," said Suntech CEO Eric Luo. "Given the country's dedication to growing renewable energies, Suntech is exploring the potential of locating manufacturing, assembly and warehousing facilities as well as offering after-sales services in the market. This would enable Suntech to quickly supply a greater volume of PV modules to meet growing demands and serve as a gateway to additional markets in the region."
Most recently, Suntech supplied 100MW of its high-efficiency PV modules for two projects selected during the Department of Energy's Renewable Energy Independent Power Producer Procurement Programme's (REIPPPP) first bid round, said Ryan Virahsawmy, country head at Suntech South Africa.
South Africa's Department of Energy set a goal to reach 3,725MW of renewable energy generation by 2030 and designed the REIPPPP to give independent power producers a chance to bid on renewable energy projects that support socio-economic and environmentally sustainable growth in the region. The REIPPPP occurs in five bidding rounds, with the fourth round tender winners expected to be announced later this year.
"Suntech's modules are in high demand as they are known for their superior quality and durability," said Virahsawmy. "Suntech recently received the prestigious VDE Quality-Tested certification, which attests that the quality of Suntech's modules exceeds existing industry standards. With our increased presence and capacity to bring South African developers high-quality modules, we will be well-positioned to support projects from the REIPPPP third-bid submission onwards."
Thanks to its recent acquisition by Hong Kong-based Shunfeng Photovoltaics Ltd., Suntech has the best financial balance sheet within the solar industry and is pursuing a new business strategy that will make it the largest integrated clean energy globally - integrated not only in terms of manufacturing, but also in terms of owning clean energy producing assets.
