Monday, November 16, 2009

Phoenix Sun article on Suntech PV Plant in AZ

great article in Phoenix Sun about Suntech's planned Arizona PV manufacturing plant:

Suntech chooses the Valley of the Sun

November 16, 2009

Suntech, the world’s second largest producer of solar cells has announced its plan to build its first solar manufacturing plant in the United States, in the Phoenix, Arizona. With headquarters in Wuxi, China, Suntech will be the first major Chinese solar company to build a major manufacturing plant in the United States.

“Bringing manufacturing jobs to the U.S. is part of Suntech’s vision to grow the solar market in every corner of the world,” said Suntech’s Chairman and CEO Dr. Zhengrong Shi, in a press release. “We are eagerly watching growing markets and see the potential of bringing manufacturing capabilities to other markets where we see the combination of rapid local market growth and manufacturing cost competitiveness.”

Ironically, First Solar announced plans in September to build the world’s largest solar power plant — in China. First Solar’s growth resulted in the companies listing last month on the Standard & Poor 500 stock index. First Solar produces thin-film solar PV while Suntech makes traditional silicon-based technology for its cells.

Arizona’s success in bringing Suntech to the state is in part due to enactment this year of a the Renewable Energy Tax Incentive Program sponsored in the Arizona Senate by Barbara Leff (R).

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