Dr. Zhengrong Shi Honored as Zayed Future Energy Prize Finalist

ABU DHABI, United Arab Emirates and WUXI, China, Jan. 21 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest crystalline silicon photovoltaic (PV) module manufacturer, today announced that its Founder, Chairman and Chief Executive Officer, Dr. Zhengrong Shi, was honored as a finalist for the prestigious Zayed Future Energy Prize at an awards ceremony in Abu Dhabi on January 19th. The annual award recognizes extraordinary accomplishments that "reflect innovation, long-term vision and leadership in renewable energy and sustainability."

"Under the steady guidance of Dr. Zhengrong Shi, Suntech has been driving the expansion of solar power around the world," said Dr. Sultan Al Jaber, Director General of the Zayed Future Energy Prize. "The Zayed Future Energy Prize honors those who understand the importance of learning from the past, the urgency of addressing the threats of the present and the vision to pave the way to a sustainable future. The jury for the Zayed Future Energy Prize recognized this in Dr. Zhengrong's achievements - but more importantly, they were inspired by his accomplishments, his passion, and his vision for a future where everyone has reliable access to nature's cleanest and most abundant energy resource."

Dr. Shi received a prize of US$350,000 at the awards ceremony from His Highness General Sheikh Mohamed bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces. Dr. Shi has pledged to donate the funds to the Shi Family Foundation, which will provide solar systems for schools throughout the Middle East.

"It is a great honor to receive this award," commented Dr. Shi. "Recognition also belongs to Suntech employees and partners around the world - professionals who are passionate about solar energy and its power to change the way we live. It also recognizes the leadership of governments, large and small, who have created commercial environments that encourage long-term investment in tomorrow's energy solutions, today."

Dr. Shi added, "Most importantly, this award sends a clear message to encourage more scientists and engineers to use their technology to change the world - and to find solutions for our energy future!"

After receiving a Ph.D. in electrical engineering from the University of New South Wales in Australia, Dr. Zhengrong Shi founded Suntech in 2001 near his hometown on the banks of the Yangtze River. Dr. Shi first constructed a solar manufacturing facility with 10MW of solar capacity. In 2005, the company listed on the New York Stock Exchange and has since emerged as one of the most prominent international solar energy brands. Today, Suntech is the world's leading crystalline silicon solar company having supplied solar systems to over 1,400 customers in more than 80 countries around the world.

About Zayed Future Energy Prize

The Zayed Future Energy Prize was created in honour of the legacy of the late Founding Father and President of the United Arab Emirates, His Highness Sheikh Zayed bin Sultan Al Nahyan. The prize aims to inspire the next generation of global energy innovators to create solutions for the future. The Prize is awarded annually to individuals, companies or organisations that have made significant contributions in the global response to the future of energy, climate change and sustainable global energy resources.

About Suntech

Suntech Power Holdings Co., Ltd. (NYSE: STP) is the world's leading solar energy company as measured by production output of crystalline silicon solar modules. Suntech designs, develops, manufactures, and markets premium quality, high-output, cost-effective and environmentally friendly solar products for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech offers an extensive range of customer-centric innovations, including Suntech's patent-pending Pluto technology for crystalline silicon solar cells, which improves power output by up to 12% compared to conventional production methods, the Reliathon(TM), the industry's first fully integrated utility-scale solar platform, and its broad range of building-integrated solar products.

Suntech designs and delivers commercial and utility scale solar power systems in China and the United States. With regional headquarters in China, Switzerland and San Francisco and sales offices worldwide, Suntech is passionate about improving the environment we live in and dedicated to developing advanced solar solutions that enable sustainable development. For more information, please visit http://www.suntech-power.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in Suntech's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Suntech does not undertake any obligation to update any forward- looking statement as a result of new information, future events or otherwise, except as required under applicable law.

    For more information, please contact:

    Suntech:
     Rory Macpherson
     Investor Relations Director
     Suntech Power Holdings, Co. Ltd.
     Tel:   +86-21-6288-5574
     Email: [email protected]

     Walker E. Frost
     Senior Supervisor
     Marketing & Communications
     Suntech Power Holdings, Co. Ltd.
     Tel:   +86-21-6288-5574
     Email: [email protected]

SOURCE Suntech Power Holdings Co., Ltd.

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