Chinese Suntech kicks off 348-kW solar facility in Sydney
(ADPnews) - Nov 29, 2010 - Chinese photovoltaics (PV) maker Suntech Power Holdings Co Ltd (NYSE:STP) said on Friday that it completed a 384-kW solar array for the Sydney Theatre Company.
Financing for the project came from the Shi's Family Foundation, which donated AUD 2 million (USD 1.9m/EUR 1.5m). The system, installed by DCM Solar, will cover 70% of the theatre company's electricity needs. It includes 1,906 of Suntech's Pluto solar panels, developed in co-operation with the University of New South Wales (UNSW).
Suntech's Pluto-powered monocrystalline cells have a conversion efficiency of 19% in commercial facilities. Alone in 2009, the company invested USD 29 million in research and development (R&D) activities, nearly doubling the previous year's figure of USD 15 million. The company has R&D teams in China, Japan, Germany, the US and Australia.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.