First Quarter 2010 Highlights

    -- Total net revenues were $588.0 million in the first quarter of 2010,
       representing 0.8% growth sequentially and 86.3% year-over-year

    -- Total PV shipments increased 11% sequentially and 182% year-over-year

    -- Gross profit margin for the core wafer to module business was 22.1% in
       the first quarter of 2010

    -- Consolidated gross profit margin was 19.5% in the first quarter of 2010

    -- Net income attributable to holders of ordinary shares was $20.7 million,
       or $0.11 per diluted American Depository Share (ADS). Each ADS
       represents one ordinary share

    -- Suntech increases 2010 annual shipment target from 1.25GW to 1.3GW,
       which represents an 85% increase above 2009 total shipments

    -- Suntech achieved 1.2GW of PV cell and module production capacity at the
       end of the first quarter of 2010

"We are pleased to announce 11% sequential growth in shipments for the first quarter of 2010," said Dr. Zhengrong Shi, Suntech's Chairman and CEO. "To meet strong global demand for Suntech's premium solar products, which we expect will continue through the rest of 2010, we maximized the utilization of our facilities and added an incremental 100MW of PV cell and module capacity during the quarter. We also maintained our focus on enhancing our regional service teams to support our growth.

"We are pleased about the solar growth trends that we are seeing across all geographies. Europe's commitment to achieving 20% renewable energy generation by 2020 is proving to be the foundation for long-term stable growth. Our North American dealer network and utility initiatives should enable us to triple our sales to that region in 2010. And, we are continuing to build our presence in emerging markets. In fact, Asia, Africa and the Middle East represented close to 21% of our sales in the first quarter, and we continued to diversify our geographic sales mix globally. Clear customer recognition of Suntech's superior track record and highly bankable products is a key driver of our demand in all of these markets.

"As the leading producer of crystalline silicon solar panels, we are proud to have reached another important milestone with the shipment of our 10 millionth solar panel during the first quarter. To date, the cumulative solar energy generated from Suntech panels alone is enough to provide clean and renewable power for around one million households. This is only the beginning for Suntech and for widespread solar adoption. Suntech remains strongly committed to investing in the technology, capacity and global service platform that will offer even greater access to nature's most abundant energy resource."

    Recent Business Highlights

    Markets
    -- The 10 millionth solar panel produced by Suntech was delivered during
       the first quarter of 2010. Since inception, Suntech has delivered over
       2.2GW of solar products to over 1,400 customers in more than 80
       countries. Cumulatively these panels generate enough power for around
       1,000,000 households.

    -- The Finnow Tower 24.5MW project was recently connected to the grid on a
       former military airbase in Germany by Solarhybrid using 90,000 Suntech
       270 watt modules. This is one of the five largest PV projects in
       Germany.

    -- Suntech received official certification under the UK Microgeneration
       Certification Scheme (MCS) for its most popular models, a pre-requisite
       for selling solar panels in the UK market. The certification will
       enable customers and value-added resellers in the UK to utilize
       Suntech's solar panels for reliable electricity generation.

    -- According to data published by the California Solar Initiative, Suntech
       has consistently increased market share in California's solar market
       from 5% in 2008, to 13% in 2009 and 18% so far in 2010. California's
       market accounted for approximately 45% of solar sales in North America
       in 2009.

    Capacity Expansion
    -- Suntech has decided to delay expansion of thin film manufacturing
       capacity in Shanghai and has designated the Shanghai manufacturing
       facility as a new site for expansion of Suntech's high performance
       crystalline silicon PV cell and module manufacturing capacity. Suntech
       plans to add 1GW of manufacturing capacity in Shanghai within the next
       three years.

    Technology
    -- Suntech's high performance Pluto technology is currently achieving an
       average of over 19% conversion efficiency on mono-crystalline PV cells.
       Suntech is currently producing and shipping approximately 4MW of IEC
       certified Pluto modules per month.

    -- The Victoria-Suntech Advanced Solar Facility was recently launched in
       collaboration with the Swinburne University of Technology. The facility
       has been partially funded by an AUD3 million grant under the Victorian
       Science Agenda Investment Fund and will provide a platform to develop
       super high efficiency solar cells based on nanoplasmonic technology.

    -- Suntech initiated a research project with the University of New South
       Wales and Silex Solar to improve conversion efficiency of crystalline
       silicon solar cells. The three-year collaborative research project was
       awarded an AUD5 million grant from the Australian Solar Institute.

    Convertible Notes
    -- In the first quarter of 2010, Suntech repurchased an aggregate of
       $221.2 million principal amount of its 0.25% Convertible Senior Notes
       due 2012 for a total consideration of $221.2 million.

First Quarter 2010 Results

Total net revenues for the first quarter of 2010 were $588.0 million, a slight increase of 0.8% from $583.6 million in the fourth quarter of 2009 and an increase of 86.3% from $315.7 million in the first quarter of 2009.

For the first quarter of 2010, consolidated gross profit was $114.5 million and gross margin was 19.5% compared to consolidated gross profit of $138.7 million and gross margin of 23.8% in the fourth quarter of 2009. The sequential gross margin decline was primarily due to a lower average sales price as a result of the substantial depreciation of the Euro versus the U.S. Dollar.

Operating expenses for the first quarter of 2010 decreased to $51.0 million compared to $51.7 million in the fourth quarter of 2009.

Income from operations was $63.5 million for the first quarter of 2010 compared to $87.0 million in the fourth quarter of 2009.

Net interest expense declined to $22.6 million in the first quarter of 2010 compared to net interest expense of $24.2 million in the fourth quarter of 2009. Net interest expense in the first quarter of 2010 included $8.6 million in non-cash expenses of which $7.3 million was related to the adoption of FASB Codification 470-20-65, Accounting for Convertible Debt Instruments that May be Settled in Cash Upon Conversion. This compares to $12.7 million in non-cash net interest expense in the fourth quarter of 2009. The decrease in interest expenses was primarily due to the repurchase of the significant majority of the outstanding 0.25% Convertible Senior Notes due 2012, which had a put option in February 2010.

Foreign currency exchange loss was $24.5 million in the first quarter of 2010 compared to $13.2 million in the fourth quarter of 2009. The foreign currency loss in the first quarter was primarily related to the substantial depreciation of the Euro versus the US Dollar.

Net other income was $2.8 million in the first quarter of 2010, compared with a net other expense of $3.6 million in the fourth quarter of 2009. The net other income in the first quarter of 2010 was mainly due to gains from hedging activities. Foreign exchange loss net of hedging gains was approximately $21.9 million in the first quarter of 2010.

Net income attributable to holders of ordinary shares was $20.7 million, or $0.11 per diluted ADS for the first quarter of 2010, compared to net income of $44.0 million, or $0.24 per diluted ADS, for the fourth quarter of 2009.

In the first quarter of 2010, the major non-cash related expenses were share-based compensation charges of $3.0 million; $8.6 million of non-cash interest expenses, as mentioned above; and depreciation and amortization expenses of $18.7 million.

In the first quarter of 2010, capital expenditures, which were primarily for the addition of new production equipment, totaled $72.4 million.

Cash and cash equivalents decreased to $677.2 million as of March 31, 2010, from $833.2 million as of December 31, 2009. The decrease in cash and cash equivalents was primarily due to the additional investment made to GSF, repurchase of the 0.25% Convertible Senior Notes due 2012, and sequential increases in restricted cash, accounts receivable and inventory.

Accounts receivable totaled $467.7 million as of March 31, 2010, compared with $384.4 million as of December 31, 2009. The increase was mainly due to a higher shipment level in the last month of the quarter. Days sales outstanding were 72 days in the first quarter of 2010, compared to 60 days in the fourth quarter of 2009.

Accounts receivable due from investee companies of GSF was $104.0 million as of March 31, 2010, compared with $110.2 million as of December 31, 2009. The sequential decrease in the related accounts receivable was due to the depreciation of the Euro versus the USD.

Inventory was $314.1 million as of March 31, 2010, compared with $280.1 million as of December 31, 2009. The increase in inventory was in line with the growth of production and shipments.

Accounts payable totaled $384.3 million as of March 31, 2010, compared with $264.2 million as of December 31, 2009. The increase in accounts payable was primarily due to extended credit terms from suppliers.

Business Outlook

In the second quarter of 2010, Suntech expects single digit percentage growth in shipments sequentially. Consolidated gross margin in the second quarter of 2010 is expected to be in the high teens, which is based on an assumed exchange rate of 1.23USD to the Euro.

Due to strong demand, Suntech has increased its 2010 shipment target from 1.25GW to more than 1.3GW, which is 85% higher than 2009 shipments.

Suntech is on track to expand PV cell production capacity to 1.4GW by the end of the second quarter 2010 of which 450MW will be Pluto-enabled. To achieve 1.4GW capacity, Suntech expects capital expenditures of approximately $200 million.

First Quarter 2010 Conference Call Information

Suntech management will host a conference call today, Thursday, June 3, 2010 at 8:00a.m. U.S. Eastern Time (which corresponds to 8:00p.m. Beijing/Hong Kong time and 12:00p.m. Greenwich Mean Time on June 3, 2010) to discuss the company's results.

To access the conference call, please dial +1-617-597-5392 begin_of_the_skype_highlighting +1-617-597-5392 end_of_the_skype_highlighting (for U.S. callers/ international callers) or +852-3002-1672 begin_of_the_skype_highlighting +852-3002-1672 end_of_the_skype_highlighting (for HK callers) and ask to be connected to the Suntech earnings conference call. A live and archived webcast of the conference call will be available on Suntech's website at http://www.suntech-power... under Investor Center: Financial Events.

A telephonic replay of the conference call will be available until June 13, 2010 by dialing +1-617-801-6888 begin_of_the_skype_highlighting +1-617-801-6888 end_of_the_skype_highlighting (passcode: 76039171).

About Suntech

Suntech Power Holdings Co., Ltd. (NYSE:STP - News) produces industry-leading solar products for residential, commercial, industrial, and utility applications. With regional headquarters in China, Switzerland, and the United States, and gigawatt-scale manufacturing worldwide, Suntech has delivered more than 10,000,000 photovoltaic panels to over 1,400 customers in more than 80 countries. Suntech's pioneering R&D creates customer-centric innovations that are driving solar to grid parity against fossil fuels. Suntech's mission is to provide everyone with reliable access to nature's cleanest and most abundant energy source.

For more information about Suntech's people and products visit http://www.suntech-power...

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, and includes the ability to increase PV cell production capacity to 1.4GW by mid-2010; expected Q2 2010 shipments and gross margin; full year 2010 shipment expectations; and 2010 capacity and capital expenditures; the ability of Europe to achieve its renewable energy generation commitment by 2020; expected demand in 2010; the amount of manufacturing capacity to be installed in Shanghai within 3 years; the ability to develop nanoplasmonic solar cell technology; and the ability of the UNSW and Silex Solar project to increase conversion efficiency. 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.

    Note: The quarterly consolidated income statements are unaudited. The
          condensed consolidated balance sheets are derived from Suntech's
          unaudited consolidated financial statements.



                         SUNTECH POWER HOLDINGS CO., LTD.
                       CONDENSED CONSOLIDATED BALANCE SHEET
                                    (In $'000)

                                                    As of             As of
                                                   Mar 31,           Dec 31,
                                                    2010              2009
    ASSETS
    Current assets:
      Cash and cash equivalents                    677,159           833,158
      Restricted cash                              162,762           124,877
      Inventories                                  314,119           280,054
      Accounts receivable                          467,677           384,416
          -----Investee companies of GSF           103,970           110,231
          -----from others                         363,707           274,185
      Value-added tax recoverable                   58,948            41,219
      Advances to suppliers                         50,195            48,820
      Short-term investments                            --           200,817
      Other current assets                         268,391           242,625
    Total current assets                         1,999,251         2,155,986

    Property, plant and equipment, net             816,558           777,580
    Intangible assets, net                         162,692           166,687
    Goodwill                                        84,209            86,062
    Investments in affiliates                      330,958           251,347
    Long-term prepayments                          187,399           188,085
    Long-term loan to suppliers                     54,340            54,667
    Amount due from related parties                180,515           193,577
    Other non-current assets                       107,378           109,663
    TOTAL ASSETS                                 3,923,300         3,983,654

    LIABILITIES AND EQUITY
    Current liabilities:
       Short-term borrowings, including
        current portion of long-term bank
        borrowings                                 835,541           800,390
       Accounts payable                            384,316           264,235
       Convertible notes-current                     4,218           223,982
       Other current liabilities                   213,263           229,473
    Total current liabilities                    1,437,338         1,518,080

    Long-term bank borrowings                      132,425           138,021
    Convertible notes-non-current                  524,242           516,912
    Accrued warranty costs                          60,116            55,152
    Other long-term liabilities                    138,724           142,730
    Total liabilities                            2,292,845         2,370,895

    Total Suntech Power Holding Co. Ltd.
     Equity                                      1,616,677         1,598,049
    Noncontrolling interest                         13,778            14,710
    Total equity                                 1,630,455         1,612,759

    TOTAL LIABILITIES AND EQUITY                 3,923,300         3,983,654



                        SUNTECH POWER HOLDINGS CO., LTD.
                         CONSOLIDATED INCOME STATEMENT
            (In $'000, except share, per share, and per ADS data)

                                      Three months  Three months  Three months
                                           ended        ended        ended
                                           Mar 31,      Dec 31,      Mar 31,
                                            2009         2009         2010


    Total net revenues                    315,656      583,619      588,034
       - Investee companies of GSF        100,547           --           --
       - Others                           215,109      583,619      588,034
    Total cost of revenues                259,369      444,916      473,491

    Gross profit                           56,287      138,703      114,543

    Selling expenses                       11,401       20,493       19,984
    General and administrative expenses    18,820       18,164       21,477
    Research and development expenses       4,922       13,023        9,561
    Total operating expenses               35,143       51,680       51,022

    Income from operations                 21,144       87,023       63,521

    Interest expense                      -26,743      -25,667      -23,436
    Interest income                         5,098        1,449          851
    Foreign exchange loss                  -6,191      -13,198      -24,542
    Other income (expense), net            12,567       -3,646        2,776

    Income before income taxes              5,875       45,961       19,170
    Tax provision (expense), net               78       -2,643       -3,150

    Net income after taxes before
     noncontrolling interest and equity
     in earnings of affiliates              5,953       43,318       16,020
    Added Equity in (loss) earnings of
     affiliates, net of taxes              -3,874          452        4,622

    Net income                              2,079       43,770       20,642

    Add: Net (loss) income attributable to
     the noncontrolling interest             -292          253           63

    Net Income attributable to ordinary
     shareholders of Suntech Power
     Holdings Co., Ltd.                     1,787       44,023       20,705


    Net income per share and per ADS:
    - Basic                                  0.01         0.25         0.12
    - Diluted                                0.01         0.24         0.11

    Shares and ADSs used in
     computation:
    - Basic                           155,881,265  179,047,395  179,298,622
    - Diluted                         156,794,603  182,322,610  182,268,491

    Each ADS represents one ordinary share


  For further information, please contact:

    In China:
     Rory Macpherson
     Investor Relations Director
     Tel:   +86-21-6288-5574
     Email: rory@suntech-power.com

    In the United States:
     Kristen McNally
     Executive Vice President
     The Piacente Group, Inc. (Investor Relations Counsel, Suntech)
     Tel:   +1-212-481-2050 begin_of_the_skype_highlighting              +1-212-481-2050      end_of_the_skype_highlighting
     Email: suntech@tpg-ir.com

"Suntech is proud to support this initiative," said Nader Jandaghi, Suntech's Director of Middle East. "CEDRO's adoption of solar power for these schools will brighten the lives and enhance the learning of children who will define Lebanon's future. Together, we want to power a world where everyone has direct and dependable access to nature's most abundant energy resource."

Because of the locations of the schools in rural villages spread across the Bekaa Valley and Northern Lebanon, grid power can be intermittent and unreliable. In the past, teachers and administrators at these 19 schools have persevered through the blackouts; now they will be able to rely on the sun to provide classroom and library lighting as well as reliable access to a computer or fax/copy machine. Integrator Asaco designed custom systems using Suntech solar modules for each of the 19 schools, with power outputs ranging from 1.2kWp to 1.8kWp.

"This is the largest set of solar projects in Lebanon to date -- not only in terms of power output but also because of the large number of sites spread across the country," said Mr. Ramzi AbuSaid, CEO of Asaco. "CEDRO set reasonable and challenging system design objectives. We had to integrate several power sources at each site, including grid power, the solar systems, and even diesel generators in some cases, and leverage each of their attributes to ensure that the schools have dependable power at all times. Each power system is very efficient and takes maximum advantage of the clean electricity generated through Suntech's high-performing solar modules."

"For more than 20 years, and ever since the war, electrical power failure in the public grid has been a chronic problem for us," explained Joseph Nakleh, Principal of the Anna Intermediate Public School. "We experienced blackouts on average for six to twelve hours each day. As a public school, we didn't have the budget to fund an alternative power source, so over time we adapted to the frequent grid power failures. Unfortunately, this was affecting the quality of educational services that we strive to provide our students. The new system is not only an excellent solution since it finally solved our electricity issues, but it will serve as a tangible, everlasting example for our students about the good uses of green power."

About CEDRO

In partnership with the Lebanese Ministry of Energy and Water, the Ministry of Finance, and the Council for Development and Reconstruction, the United Nations Development Programme (UNDP) is managing the "country energy efficiency and renewable energy demonstration project for the recovery of Lebanon" (CEDRO). Created in October 2007, the project has a mandate of five years, lasting until October 2012, and a budget of $9.73 million funded by the Lebanon Recovery Fund by means of a donation from Spain. CEDRO has been established with an aim to complement the national power sector reform strategy, and to support the greening of Lebanon's recovery, reconstruction, and reform activities. To achieve this, the project will focus on activating end-use energy efficiency and renewable energy applications in public sector buildings and facilities across Lebanon. For more information, please visit http://www.cedro-undp.or...

About Asaco General Trade &Contracting

ASACO is a leader in renewable energy in Lebanon and holds the record for the most amount of renewable power installed or supplied in Lebanon, in both wind turbines and solar photovoltaic panels. With its rigorous team of professionals and long history in the field, ASACO has designed, supplied, and executed a larger number of renewable energy projects throughout Lebanon, including wind and solar systems as well as hybrid systems. Asaco is an active member in the Lebanese Energy Society and other environmental initiatives and plays an important role in promoting renewable energy into Lebanon.

About Suntech Power

Suntech Power Holdings Co., Ltd. (NYSE:STP - News) 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 its patent-pending Pluto technology for crystalline silicon solar cells, which improves power output by up to 12% compared to conventional production methods, its Reliathon(TM) module and platform, the industry's first fully integrated utility-scale solar platform, and its broad range of building-integrated solar products.

Suntech designs and delivers residential, 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... .

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, and includes the power output of the installed systems, ability of the supplied solar panels to provide reliable access to computers, faxes and copy machines and solve electricity issues at the schools. 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:

 For Suntech:
 Rory Macpherson
 Investor Relations Director
 Suntech Power Holdings Co., Ltd.
 Tel: +86-21-6288-5574
 Email: rory@suntech-power.com

 Walker E. Frost
 Senior Supervisor
 Marketing & Communications
 Suntech Power Holdings Co., Ltd.
 Tel: +86-21-6288-5574
 Email: walker.frost@suntech-power.com

 For CEDRO:
 Hassan Harajli
 Project Manager / Energy and Environment Programme
 Marrad St. Bldg 287B, 1st flr
 Beirut - Lebanon
 Tel: +961-1-981944
 Email: hassanharjli@undp-lebanonprojects.org
 Web: http://www.cedro-undp.org

 For Asaco:
 Ramzi AbuSaid
 Managing Director
 Asaco General Trade & Contracting
 Hassania Bldg. - 4th Floor.
 Almama Str. Corniche Al Mazraa
 P.O. Box: 14-6533 Beirut - Lebanon
 TeleFax: +961-1-310649 /700548
 Email: asacolb@gmail.com

    -- HSBC's 5th Annual Small/Mid Cap Socially Responsible Investment
       Conference at the Hilton Hotel in Frankfurt, Germany, on February 2-3,
       2010;

    -- ACORE's RETECH 2010 Conference at the Washington Convention Center in
       Washington D.C., on February 2-5, 2010;

    -- PHOTON's Solar Terawatt-hours Conference Series at the Moscone Center
       in San Francisco, California, on February 4, 2010;

    -- Thomas Weisel Partners' Annual Technology & Telecom Conference at the
       Fairmont Hotel in San Francisco, California, on February 8, 2010;

    -- Utility Scale Solar at the Marriott Hotel in Milan, Italy, on February
       23-24, 2010;

    -- Piper Jaffray's Fifth Annual Clean Technology & Renewables Conference
       at the Westin New York at Times Square, on February 23, 2010; and

    -- The Cleantech Group's Cleantech Forum XXVI at the Palace Hotel in San
       Francisco, California, on February 24-26, 2010.

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, 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... .

    For more information, please contact:

    At Suntech:
     In China:
     Rory Macpherson
     Investor Relations Director
     Suntech Power Holdings, Co. Ltd.
     Tel:   +86-21-6288-5574
     Email: rory@suntech-power.com

     In the United States:
     Kristen McNally
     Executive Vice President
     The Piacente Group, Inc. (Investor Relations Counsel, Suntech)
     Tel:   +1-212-481-2050
     Email: suntech@tpg-ir.com

As the first China-based cleantech company to bring manufacturing jobs to the United States, Suntech carefully reviewed communities across the country to find the best possible location for its first domestic plant. Suntech selected Goodyear based on several factors, including the State of Arizona's progressive renewable energy standards and solar policies for both utility-scale and rooftop installations, the Greater Phoenix Area's supportive business climate, and the availability of local manufacturing-ready facilities.

"I am pleased to welcome Suntech to Arizona, and commend the company for choosing Goodyear as the site for its solar manufacturing operation," said Arizona Governor Jan Brewer. "I am very serious about establishing Arizona as a leader in the renewable energy sector -- we offer a strategic location with a highly skilled workforce, low payroll taxes, and, now, the right incentive program to make business sense."

Suntech's Goodyear plant will serve as a showcase for the company's latest solar electricity manufacturing technologies, facilitating collaboration with similar efforts ongoing at nearby Arizona State University. In addition the company will deploy state-of-the-art manufacturing and testing equipment that will ensure the highest levels of efficiency and output of Suntech's module manufacturing process. Plans also include constructing solar parking structures on the site that will generate electricity for use in the plant as well as provide shaded parking for employees.

"I'm thrilled that Suntech, one of the world's leaders of innovative energy solutions, has chosen to establish its first North American plant here in Goodyear," said James M. Cavanaugh, Mayor of Goodyear. "Suntech will bring new employment opportunities in this emerging industry to Goodyear and all of Arizona."

"Taking the step to bring manufacturing to the U.S. is a strategic move for our North American business, and we're focused on making the most of our investment," said Steven Chan, Chief Strategy Officer, Suntech. "With our Goodyear facility, we have the opportunity to design a truly innovative module manufacturing center that can accelerate innovation, allowing us to deploy new products designed to meet the burgeoning U.S. solar market. Having a facility here in the US will also reduce the time, costs and greenhouse gas emissions associated with shipping panels from overseas."

Manufacturing in Suntech's Goodyear plant will begin in September 2010.

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 its patent-pending Pluto technology for crystalline silicon solar cells, which improves power output by up to 12% compared to conventional production methods, its Reliathon(TM) module and platform, the industry's first fully integrated utility-scale solar platform, and its broad range of building-integrated solar products.

Suntech designs and delivers residential, 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... .

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, and includes the timing of the opening of Suntech's Goodyear, Arizona manufacturing plant; the number of expected employees at time of opening of the plant; forecasted production output, and growth of manufacturing capacity. 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:

    Media Contacts:

    In the United States:
     Sarahjane Sacchetti
     Story Labs for Suntech America
     Tel:   +1-415-268-8881
     Email: ssacchetti@suntechamerica.com

    In China:
     Rory Macpherson
     Investor Relations Director
     Suntech Power Holdings Co., Ltd.
     Tel:   +86-21-6288-5574
     Email: rory@suntech-power.com

"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...

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: rory@suntech-power.com

     Walker E. Frost
     Senior Supervisor
     Marketing & Communications
     Suntech Power Holdings, Co. Ltd.
     Tel:   +86-21-6288-5574
     Email: walker.frost@suntech-power.com

The Notes will be convertible automatically during the Conversion Period pursuant to the Indenture. As a result, during the Conversion Period, holders of the Notes may elect to convert some or all of their Notes.

Suntech may deliver ADSs, cash or a combination of cash and ADSs in satisfaction of its obligations upon conversion of the Notes.

Holders of Notes may obtain further information on how to convert their Notes by contacting the conversion agent at the following address:

    Wilmington Trust Company
    Corporate Capital Markets
    Rodney Square North
    1100 North Market Street
    Wilmington, Delaware 19890-1626
    Attn: Sam Hamed

This press release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell any Notes or Suntech's ADSs.

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... .

    For more information, please contact:

    In China:
     Rory Macpherson
     Investor Relations Director
     Suntech Power Holdings Co., Ltd.
     Tel:   +86-21-6288-5574
     Email: rory@suntech-power.com

    In the United States:
     Kristen McNally
     Executive Vice President
     The Piacente Group, Inc. (Investor Relations Counsel, Suntech)
     Tel:   +1-212-481-2050
     Email: suntech@tpg-ir.com

To access the conference call, please dial +1-617-614-3473 (for U.S. callers/international callers) or +852-3002-1672 (for HK callers) and ask to be connected to the Suntech earnings conference call. A live and archived webcast of the conference call will be available on Suntech's website at http://www.suntech-power... under Investor Center: Financial Events.

A telephonic replay of the conference call will be available until March 17, 2010 by dialing +1-617-801-6888 (passcode: 52522324).

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 a 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... .

    For further information, please contact:

    In China:
     Rory Macpherson
     Investor Relations Director
     Suntech Power Holdings Co., Ltd.
     Tel:   +86-21-6288-5574
     Email: rory@suntech-power.com

    In the United States:
     Kristen McNally
     Executive Vice President
     The Piacente Group, Inc. (Investor Relations Counsel, Suntech)
     Tel:   +1-212-481-2050
     Email: suntech@tpg-ir.com

The China and Theme pavilions feature two building-integrated solar systems with a combined power output of 3.12MW. The Shenergy Group, one of Shanghai's leading energy companies, engaged Suntech's system integration team to design, manufacture, and install the two solar systems. The Theme Pavilion boasts a 2.8MW integrated solar system comprised of 96 custom-designed triangular sections and covers an area of 31,104 square meters. The two systems are expected to generate 2.8 million kilowatt hours of electricity and displace 1,000 tons of coal consumption and 2,500 tons of carbon emissions per year.

"The use of solar energy systems to power the China and Theme pavilions clearly reflects the spirit of this year's Shanghai World Expo, and its theme, Better City Better Life," said Dr. Zhengrong Shi, Chairman and CEO of Suntech. "With the combination of advanced solar technologies and architecture, we can seamlessly integrate solar systems into a building's structure. These promising capabilities will help to reduce the urban carbon footprint and facilitate sustainable development."

Suntech's system integration team is one of the most experienced and capable in China. They have completed a range of technically complex building-integrated solar systems including the 120kW Beijing Jingya Hotel curtain wall, an 800kW system at the Wuxi Airport, and the 1MW BIPV facade at Suntech's new headquarters in Wuxi. Suntech also recently completed China's first 10MW utility-scale solar power project in Shizuishan, Ningxia Hui Autonomous Region.

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... .

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, and includes the ability of the systems to generate 2.8 million kilowatt hours of electricity and displace 1,000 tons of coal consumption and 2,500 tons of carbon emissions every year. 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 further information, please contact:

    In China:
     Rory Macpherson
     Investor Relations Director
     Suntech Power Holdings Co., Ltd.
     Phone: +86-21-6288-5574
     Email: rory@suntech-power.com

    -- Nomura Securities' AC@CES at the Wynn Resort, Las Vegas on January 6-7,
       2010;

    -- Deutsche Bank's Access China Conference at the Grand Hyatt Hotel in
       Beijing on January 11-12, 2010;

    -- The 12th Annual Needham Growth Conference at the New York Palace Hotel
       in New York on January 12, 2010;

    -- The World Future Energy Summit at the Abu Dhabi National Exhibitions
       Center in Abu Dhabi on January 18-21, 2010;

    -- UBS Greater China Conference at the Pudong Shangri-La Hotel in Shanghai,
       China on January 18-20, 2010;

    -- Solar Power Generation USA at the Rio Suites Hotel & Casino, in Las
       Vegas on January 20-21, 2010;

Management's presentation at the 12th Annual Needham Growth Conference will be webcast live at 10:00am on January 12 and available on the Investor Center: Financial Events section of Suntech's website at http://www.suntech-power... . An archived webcast presentation will be available for 40 days.

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....

    For more information, please contact:

    At Suntech:
    In China:
     Rory Macpherson
     Investor Relations Director
     Suntech Power Holdings, Co. Ltd.
     Tel:   +86-21-6288-5574
     Email: rory@suntech-power.com

   In the United States:
     Kristen McNally
     Executive Vice President
     The Piacente Group, Inc. (Investor Relations Counsel, Suntech)
     Tel:   +1-212-481-2050
     Email: suntech@tpg-ir.com

Dr. Qiang Han, General Manager of VDE Shanghai said, "We are impressed by Suntech's comprehensive quality testing processes, a number of which exceed IEC certification requirements. As a leading global solar company, Suntech is setting a fantastic example of how to ensure consistent, high quality production."

As part of the program, VDE will regularly send experienced personnel to witness the implementation of key quality tests and procedures at Suntech. Participation in the TDAP is expected to accelerate Suntech's ongoing IEC certification process from approximately seven months to four months, enabling Suntech to bring the latest solar products to market faster.

Dr. Zhengrong Shi, Suntech's Chairman and CEO, said, "We view quality as key to the long-term success of the solar industry. Suntech's commitment to reliability, represented in our industry-leading quality control teams, state- of-the-art product testing infrastructure, and our track record of over 1.5GW of installed solar products, gives customers the confidence and performance they need to generate decades of sustainable and clean energy. We will work closely with VDE and other internationally respected quality organizations to guarantee current and future generations of solar technology."

Suntech's world-class PV module testing facility is the largest in China with 1,400sqm and 7,000sqm of indoor and outdoor testing space, respectively. The cutting-edge test equipment includes a walk-in UV light chamber, a walk-in salt mist chamber, a water vapor test, pulse and continuous solar simulators, walk-in climate chambers, mechanical load and hail testers, electroluminescence testers, and high precision infrared cameras to evaluate module integrity. All the equipment and testing procedures meet or exceed the stringent standards of UL1703, IEC61215 and IEC61730-2. In June 2009, Suntech's PV module testing facility became the first in China to be awarded the Underwriters Laboratories Witness Testing Data Program certificate.

About VDE

VDE, the Association for Electrical, Electronic & Information Technologies, is one of the largest technical and scientific associations in Europe with more than 34,000 members. VDE is active in over 50 countries world wide, with headquarters in Frankfurt am Main.

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 a 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... .

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, and includes the ability of Suntech to accelerate the testing and qualification of Suntech PV modules, and Suntech's ability to produce the highest quality and most reliable solar panels in the industry. 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 further information, please contact:

    In Europe:
     Frank Weber
     Marketing Director Europe
     Suntech Power Ltd.
     Tel.   +49-89-544599921
     Email: frank.weber@hotmail.com

    In China:
     Rory Macpherson
     Investor Relations Director
     Suntech Power Holdings Co., Ltd.
     Tel:   +86-21-6288-5574
     Email: rory@suntech-power.com

    In the United States:
     Sarahjane Sacchetti
     Story Labs for Suntech America
     Tel:   +1-415-268-8881
     Email: ssacchetti@suntechamerica.com

"Customers choose to partner with Suntech because of our proven commitment to quality, reliability and performance, which is backed up by over 1.5GW of installations," said Jerry Stokes, Suntech's VP of Strategy and Business Development. "With the solar market expected to resume strong annual growth in 2010 and beyond, it is essential for both our partners and Suntech to gain a clearer understanding of future market drivers and project pipelines. This will enable us to align product specifications, performance and market demand with capacity expansion and to differentiate our products and the solutions offered by our partners."

Under the terms of the agreements, 115MW is planned to be supplied in 2010, 155MW in 2011 and 220MW in 2012, with the option to increase volumes. Suntech anticipates concluding additional long-term supply agreements during the next few months reflecting a "flight to quality" solar companies that have bankable products, and the capability and credibility to support long-term growth.

David Hogg, Head Suntech Europe, added, "Suntech is a continually innovating, technology driven company. One example of this is our recently launched HiPerforma module incorporating Pluto cell technology, which holds the world record conversion efficiency for a polycrystalline PV module. Advance knowledge of such new product roll-outs and enhancements will enable our partners to specify Suntech products early in the design process, leading to superior system performance and stronger financial returns. This is especially important for large-scale project development that may take over 12 months from initial design through permitting and construction."

About Suntech

Suntech Power Holdings Co., Ltd. (NYSE: STP - News) 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... .

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, and includes the ability of Suntech to supply up to 490MW to the customers within the next three years, the ability to align product specifications, performance and market demand with capacity expansion and to differentiate our products and the solutions offered by our partners, the ability of Suntech to sign additional long term supply agreements, and the ability of the solar market to resume strong annual growth in 2010 and beyond. 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:

    For Suntech:

    In Europe:
     Frank Weber
     Marketing Director Europe
     Suntech Power Ltd.
     Phone: +49-89-544599921
     Email: frank.weber@suntech-power.com

    In China:
     Rory Macpherson
     Investor Relations Director
     Suntech Power Holdings Co., Ltd.
     Phone: +86-21-6288-5574
     Email: rory@suntech-power.com

    In the United States:
     Kristen McNally
     Executive Vice President
     The Piacente Group, Inc.
     Phone: +1-212-481-2050
     Email: suntech@tpg-ir.com

SAN FRANCISCO and WUXI, China, Nov. 19 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP - News), the world's largest crystalline silicon photovoltaic (PV) module manufacturer, today announced financial results for its third fiscal quarter ended September 30, 2009.

   Third Quarter 2009 Highlights
    -- Total net revenues increased 47.4% sequentially to $473.1 million in
       the third quarter of 2009

    -- Gross profit margin for the core wafer to module business was 20.0% in
       the third quarter of 2009, compared with 19.1% in the second quarter of
       2009

    -- Consolidated gross profit margin was 17.8% in the third quarter of 2009,
       compared with 18.6% in the second quarter 2009

    -- Net income attributable to holders of ordinary shares was $29.8 million,
       or $0.16 per diluted American Depository Share (ADS). Each ADS
       represents one ordinary share

    -- Suntech's multi-crystalline Pluto-powered module achieved world record
       conversion efficiency of 16.53%

    -- Full-year 2009 PV shipment target increased from 600MW to a range of
       640MW to 660MW

    -- Suntech targets to increase total PV cell and module production
       capacity to 1.4GW by the middle of 2010, of which 450MW will be
       Pluto-enabled

"We are very pleased to announce strong revenue growth and a healthy bottom line for the third quarter of 2009," said Dr. Zhengrong Shi, Suntech's Chairman and CEO. "The significant pick up in demand was largely due to a seasonal rush before end-of-year policy adjustments and improving customer returns on investments in solar projects. It was also due to customer recognition of Suntech's attractive value proposition of exceptional product performance at a reasonable price.

"Complementing strong growth in the German market, we are particularly pleased to see 100% sequential shipment growth in the U.S. market and the rapid development of a number of non-traditional PV markets such as the Czech Republic, Benelux, China. This demonstrates the ongoing diversification of the solar industry and Suntech's ability to enter emerging markets.

"During the third quarter we continued to develop Suntech's industry-leading sales and service infrastructure and to differentiate our products through innovation. In Europe, we strengthened our local team with the addition of four new senior executives; in the U.S. we launched our North American Partner Program; and in China we continued to build one of the nation's most capable system installation and project development teams.

"On the technology front, our proprietary Pluto technology set another world record conversion efficiency of 16.53% for a commercial grade multi-crystalline silicon module. This record beat all previous records for multi-crystalline silicon modules made in the lab or on commercial production lines and reinforces our dedication to providing the most advanced and cost-effective solar solutions. In addition, we introduced Reliathon(TM), an industry-first integrated utility-scale solar platform combining product and business-term innovations to lower costs and accelerate the path to grid parity.

"Looking forward, we expect the sales momentum to carry into the new year and see potential for at least 75% shipment growth in 2010. To support the increased volume we have decided to move forward with expansion plans and target to reach 1.4GW of PV cell and module production capacity by the middle of 2010. With our commitment to delivering premium quality products at a reasonable price, expanding our global service platform and delivering world-class innovation, we believe we are extremely well positioned to continue to build market share and serve a growing base of solar customers," concluded Dr. Shi.

RECENT BUSINESS HIGHLIGHTS New Manufacturing and Service Initiatives -- Suntech selected the greater Phoenix, Arizona as the site for its first U.S. manufacturing plant. The plant will have an initial production capacity of 30 MW, provide employment for a minimum of 75 people, and is expected to begin production in the third quarter of 2010. -- Suntech's new North American Partner Program will offer selected dealers a co-marketing fund, training and services, financing programs, and priority access to its innovative product line. -- Suntech recently broadened its European management team with the appointment of four new senior executives. The company has quadrupled employees of Suntech Europe in 2009 in order to enhance Suntech's world-class customer sales and service platform. Sales Agreements and Project Announcements -- Suntech entered into a sales agreement with enXco, an EDF Energies Nouvelles Company, to supply up to 115MW of photovoltaic modules in 2010. -- Suntech targets to develop approximately 20% of the 91MW of solar projects that were approved under China's Solar Rooftop Program. Suntech has completed 4MW of its approved projects and plans to develop the remainder by mid-2010. -- Suntech dedicated the first 10MW utility-scale solar power project in Shizuishan, Ningxia Autonomous Region, China. Developed in conjunction with China Energy Conservation Investment Corporation, this project is the first phase of a 50MW solar plant targeted to be completed by 2011. -- Suntech started developing a 10MW solar power plant in Dongtai, Jiangsu Province in conjunction with Huadian New Energy Development Co., Ltd. Suntech will supply solar modules and design and manage the installation of the plant. -- Suntech entered into a memorandum of understanding with Pakistan's Alternative Energy Development Board to develop solar energy applications that address the energy shortage in Pakistan. Technology -- Suntech announced that it has set a new world record conversion efficiency (aperture area only) of 16.53% for a multi-crystalline silicon module. The module was tested by the Fraunhofer Institute for Solar Energy Systems ISE. -- Suntech launched Reliathon, an industry-first integrated solar platform for utility-scale solar plants. Reliathon reduces total system costs as much as 10% and offers increases in revenue potential, with 13.8% more power warranted over the lifetime of the system. -- Suntech targets to reach 450MW of Pluto-enabled PV production capacity by mid-2010. This will include both retrofitted Pluto production lines and the addition of new Pluto production lines.

Third Quarter 2009 Results

Total net revenues for the third quarter of 2009 were $473.1 million, an increase of 47.4% from $321.0 million in the second quarter of 2009.

Gross margin for the core wafer to module business was 20.0% in the third quarter of 2009, compared with 19.1% in the second quarter of 2009.

For the third quarter of 2009, consolidated gross profit was $84.1 million and gross margin was 17.8% compared to consolidated gross profit of $59.7 million and gross margin of 18.6% in the second quarter of 2009. The lower gross margins were primarily due to low profitability of the systems integration business in China that has been implementing some of China's first utility scale solar projects.

Operating expenses for the third quarter of 2009 were $39.3 million compared to $38.6 million in the second quarter of 2009. Operating expenses in the third quarter included a net $3.5 million reversal of bad debt provision.

Income from operations was $44.8 million for the third quarter of 2009 compared to $21.1 million in the second quarter of 2009.

Net interest expense was $23.5 million in the third quarter of 2009 compared to net interest expense of $24.3 million in the second quarter of 2009. Net interest expense in the third quarter of 2009 includes $11.3 million non-cash expenses of which $10.6 million was related to the adoption of FASB Codification 470-20-65. This compares to $11.6 million non-cash net interest expense in the second quarter of 2009.

Foreign currency exchange gain was $10.5 million in the third quarter of 2009 compared to $17.5 million in the second quarter of 2009. The foreign currency gain in the third quarter was primarily related to the appreciation of the Euro versus the USD.

Net other expense was $3.8 million in the third quarter of 2009, compared with $2.5 million of net other expense in the second quarter of 2009. The net other expense in the third quarter was primarily due to losses from mark-to-market valuation of foreign exchange forward contracts.

Net income attributable to holders of ordinary shares was $29.8 million, or $0.16 per diluted ADS for the third quarter of 2009, compared to net income of $10.0 million, or $0.06 per diluted ADS, for the second quarter of 2009.

In the third quarter of 2009, the major non-cash related expenses were share-based compensation charges of $2.8 million; $11.3 million of non-cash interest expenses, as mentioned above; and depreciation and amortization expenses of $15.7 million.

In the third quarter of 2009, capital expenditures, which were primarily for the construction of the thin film production facilities in Shanghai and other infrastructure projects to support expansion of Pluto capacity, totaled $25.4 million.

Cash, cash equivalents and short-term principal guaranteed investment increased to $855.7 million as of September 30, 2009 from $760.5 million as of June 30, 2009.

Accounts receivable was $420.4 million as of September 30, 2009, compared with $292.1 million as of June 30, 2009. The increase was mainly due to strong revenue growth in the third quarter of 2009. Days sales outstanding were 80 days in the third quarter of 2009, compared to 82 days in the second quarter of 2009.

Accounts receivable due from investee companies of GSF was $112.1 million as of September 30, 2009, compared with $108.4 million as of June 30, 2009. The increase was due to the appreciation of the Euro versus the USD during the third quarter. Suntech expects to collect the outstanding accounts receivable from GSF investee companies before the end of 2009.

Inventory was $284.5 million as of September 30, 2009, compared with $269.7 million as of June 30, 2009. The increase in inventory was primarily due to the higher production rate and greater goods in transit to customers.

Accounts payable was $196.8 million as of September 30, 2009, compared with $120.1 million as of June 30, 2009. The increase in accounts payable was primarily due to extended credit terms with suppliers.

Business Outlook

Suntech expects fourth quarter 2009 shipments to be at least 10% higher than the third quarter of 2009. Gross margin in the fourth quarter of 2009 is expected to be relatively flat compared to the third quarter of 2009.

Suntech has increased full-year 2009 PV shipment target from 600MW to a range of 640MW to 660MW. Capital expenditures are expected to be approximately $120 million for the full year 2009.

Looking into next year, Suntech expects at least 75% shipment growth in 2010. The company targets to expand to 1.4GW of PV cell and module production capacity by the middle of 2010, of which 450MW will be Pluto-enabled. Accordingly, Suntech expects capital expenditures to be approximately $200 million in 2010.

Third Quarter 2009 Conference Call Information

Suntech management will host a conference call today, Thursday, November 19, 2009 at 8:00a.m. U.S. Eastern Time (which corresponds to 9:00p.m. Beijing/Hong Kong time and 1:00p.m. Greenwich Mean Time on November 19, 2009) to discuss the Company's results.

To access the conference call, please dial +1-617-614-3523 (for U.S. callers/international callers) or +852-3002-1672 (for HK callers) and ask to be connected to the Suntech earnings conference call. To enhance the presentation of information and data during the conference call, Suntech has provided a set of PowerPoint slides which are posted on the main page of the Investor Center of Suntech's website at http://www.suntech-power... . A live and archived webcast of the conference call will be available on Suntech's website at http://www.suntech-power... under Investor Center: Financial Events.

A telephonic replay of the conference call will be available until December 3, 2009 by dialing +1-617-801-6888 (passcode: 58674389).

About Suntech

Suntech Power Holdings Co., Ltd. (NYSE: STP - News) 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... .

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, and includes annual shipment guidance for 2009, the ability to increase PV cell production capacity to 1.4GW by mid-2010, Pluto capacity in 2010, Q4 2009 sales, the ability of Suntech to enter emerging markets, the ability of Reliathon to lower costs and accelerate the path to grid parity, the ability to expand our global service platform and deliver world-class innovation, the production capacity, employment and production commencement of the U.S. manufacturing plant, the number of megawatts to be supplied to enXco in 2010, the completion date of a 50MW plant in Ningxia; expected Q4 2009 shipments and gross margin; full year 2009 shipment expectations; and 2009 and 2010 capital expenditures. 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 further information, please contact: In China: Rory Macpherson Investor Relations Director Tel: +86-21-6288-5574 Email: rory@suntech-power.com In the United States: Kristen McNally Executive Vice President The Piacente Group, Inc. (Investor Relations Counsel, Suntech) Tel: +1-212-481-2050 Email: suntech@tpg-ir.com Note: The quarterly consolidated income statements are unaudited. The condensed consolidated balance sheets are derived from Suntech's unaudited consolidated financial statements. SUNTECH POWER HOLDINGS CO., LTD. CONDENSED CONSOLIDATED BALANCE SHEET (In $'000) As of As of Sept 30, June 30, 2009 2009 ASSETS Current assets: Cash and cash equivalents 655,743 760,544 Restricted cash 158,414 180,369 Inventories 284,548 269,705 Accounts receivable 420,385 292,145 -----from GSF Investee Companies 112,114 108,410 -----from others 308,271 183,735 Value-added tax recoverable 52,532 78,433 Advances to suppliers 43,431 53,824 Short-term investments 200,000 -- Other current assets 280,869 200,790 Total current assets 2,095,922 1,835,810 Property, plant and equipment, net 766,512 733,684 Intangible assets, net 172,376 165,221 Goodwill 87,994 83,566 Investments in affiliates 240,366 229,080 Long-term prepayments 174,494 181,992 Long-term loan to suppliers 54,999 55,882 Amount due from related parties 187,906 203,636 Other non-current assets 118,759 102,642 TOTAL ASSETS 3,899,328 3,591,513 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term borrowings, including current portion of long-term bank borrowings 847,596 806,833 Accounts payable 196,782 120,130 Convertible notes-current 219,562 214,781 Other current liabilities 216,443 178,607 Total current liabilities 1,480,383 1,320,351 Long-term bank borrowings 136,281 136,174 Convertible notes-non-current 509,759 453,746 Accrued warranty costs 50,140 45,630 Other long-term liabilities 156,557 115,435 Total liabilities 2,333,120 2,071,336 Total equity 1,566,208 1,520,177 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 3,899,328 3,591,513 SUNTECH POWER HOLDINGS CO., LTD. CONSOLIDATED INCOME STATEMENT (In $'000, except share, per share, and per ADS data) Three months Three months Three months ended ended ended Sept 30, June 30, Sept 30, 2008 2009 2009 As adjusted Total net revenues 594,403 320,959 473,113 Total cost of revenues 466,065 261,263 389,036 Gross profit 128,338 59,696 84,077 Selling expenses 14,774 11,501 15,477 General and administrative expenses 21,808 22,808 17,096 Research and development expenses 4,682 4,322 6,753 Total operating expenses 41,264 38,631 39,326 Income from operations 87,074 21,065 44,751 Interest expense -29,944 -25,884 -24,963 Interest income 8,805 1,577 1,430 Foreign exchange (loss)/gain -16,612 17,530 10,498 Other expense -3,171 -2,546 -3,800 Income before income taxes 46,152 11,742 27,916 Tax (provision)/benefit -3,651 168 -122 Net income after taxes before minority interest and equity in earnings of affiliates 42,501 11,910 27,794 Added Equity in (loss) earnings of affiliates -- -2,293 2,377 Net income 42,501 9,617 30,171 Earnings attributable to non- controlling interest 141 357 -379 Net income attributable to holders of ordinary shares 42,642 9,974 29,792 Net income per share and per ADS: - Basic 0.27 0.06 0.17 - Diluted 0.25 0.06 0.16 Shares and ADSs used in computation: - Basic 155,835,915 164,483,191 178,916,675 - Diluted 185,490,716 172,611,156 182,138,633 Each ADS represents one ordinary share

BEIJING, Nov. 15 /PRNewswire-Asia/ -- From the U.S. China Green Tech Summit today, Suntech Power Holdings Co., Ltd. (NYSE: STP - News), announced that its first U.S. manufacturing plant for the growing North American market would be located in the Greater Phoenix, Arizona area. The plant will have an initial production capacity of 30 megawatts (MW) and is expected to begin production in the third quarter of 2010.

The announcement makes Suntech the first Chinese cleantech leader to bring manufacturing jobs to America. Suntech selected the Greater Phoenix area for its plant because of Arizona's leadership in research through Arizona State University, and statewide renewable energy policies, particularly its Renewable Energy Standard and distributed generation set-aside, as well as a supportive local business climate represented by the Greater Phoenix Economic Council. The Suntech U.S. plant will employ over 75 full-time employees at launch and may double its staff within the year as the North American market develops.

Initially starting with 30 MW of PV module production capacity, the Suntech plant is configured for growth to respond to the expected expansion of the U.S. solar market in the coming years. The U.S. market had 356MW of solar PV capacity installed during 2008 (source: Photon Magazine, Nov. 2009), and is expected to grow six-fold to more than 2GW by 2012 (source: Solarbuzz LLC, Mar. 2009).

"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. "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."

Locating the plant close to Suntech's U.S. customers will reduce the time, costs, and emissions associated with long-distance shipping of Suntech panels. The plant, which will be approximately 80,000 to 100,000 square feet, will allow for long-term growth of manufacturing capabilities to meet increasing American demand for solar power.

"Suntech has been a leader to watch for some time, and its decision to bring manufacturing here to the U.S. is a great sign of the increasingly important collaboration between Chinese and American leaders in the renewable energy industry, as well as the potential for growth of green jobs in countries that implement smart, supportive policies," said Dan Kammen, Professor in the Energy and Resources Group and Director of the Renewable and Appropriate Energy Laboratory at the University of California, Berkeley.

Dr. Shi continued, "This is the first step in what I see as a long-term, strategic investment in the North American market. Over the last two years we have grown our U.S. team to over 60 employees. As a result of that effort, we have developed a network of over 200 solar dealers and integrators installing Suntech products and are actively involved with a number of large-scale solar project developers serving the utility market. We also have developed strong partnerships with U.S. companies such as MEMC of Pasadena, Texas, our largest supplier of silicon wafers used in our modules. The leadership shown by the US government in advancing renewable energy will only improve the environment for further investments in the coming years."

Suntech plans to make a final decision on the specific location of the plant in the coming weeks.

About Suntech

Suntech Power Holdings Co., Ltd. (NYSE: STP - News) 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 its patent-pending Pluto technology for crystalline silicon solar cells, which improves power output by up to 12% compared to conventional production methods, its Reliathon(TM) module and platform, 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... .

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, and includes the expected growth of the U.S. solar market, timing of the opening of Suntech's Phoenix, Arizona manufacturing plant; the number of expected employees at time of opening of the plant; forecasted production output, forecasted employee growth, and growth of manufacturing capacity. 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:

    In the United States:
     Sarahjane Sacchetti
     Story Labs for Suntech America
     Tel:   +1-415-268-8881
     Email: ssacchetti@suntechamerica.com

    In China:
     Rory Macpherson
     Investor Relations Director
     Suntech Power Holdings Co., Ltd.
     Tel:   +86-21-6288-5574
     Email: rory@suntech-power.com

Dr. Zhengrong Shi, Suntech's Chairman and CEO said, "The key appointments to our European management team are another major move forward in solidifying our operations in Europe and providing local support to our rapidly expanding customer base. Each of these executives brings vast industry knowledge and crucial management expertise, which will reinforce the status and reputation of the Suntech brand across Europe."

Mr. Hogg commented, "Suntech has secured an impressive position in the solar PV industry in general and in the European market in particular. I look forward to leading Suntech's dedicated and expanding European team. Suntech is clearly committed to enhancing its leadership role through a process of expansion and continuous product and service improvement."

Dr. Shi added, "With our three regional headquarters in Europe, Asia and North America we can localize our support for customers across the globe. This commitment to providing real-time customer service will underpin Suntech's mission to encourage greater adoption of solar technology globally."

Mr. Hogg has more than 20 years experience in the solar PV industry. He is a founder of CSG Solar AG (Germany) and led the company as chief executive officer since 2004. Previous to that, Mr. Hogg was the managing director of Pacific Solar (Australia), a company dedicated to the development of the crystalline silicon on glass (CSG) technology. He began his career in the solar PV industry at Unisearch where he was responsible for commercializing technologies developed by the University of New South Wales in Sydney, Australia. Mr. Hogg holds a degree in mechanical engineering.

Reporting directly to Mr. Hogg, Mr. Gurgeli joins Suntech from Conergy where he spent the last three years managing the PV business as Managing Director for the Asia-Pacific region (APAC), based in Singapore and as Managing Director South Europe from Madrid, Spain. Previously, Mr. G¨¹rgeli worked for Bosch for more than six years as General Manager APAC for Blaupunkt Aftermarket, based in Penang, Malaysia, and as head of product management at company headquarters in Germany. He also spent more than 10 years at Sharp Microelectronics in Hamburg, Germany in various OEM sales and marketing management functions. Mr. G¨¹rgeli holds a degree in electronic engineering.

Mr. Weber will be responsible for developing Suntech's European marketing team, promoting sales and managing Suntech's reputation. Mr. Weber has more than 18 years international marketing experience. He has advised and supported a number of growth, technology and manufacturing companies on business critical issues. Most recently, he was Senior Vice President Corporate Communications at Deutsche Post DHL where he supported marketing professionals and CEOs in Europe, Middle East and Africa. Mr. Weber holds a Masters degree from the University of Heidelberg.

Carl von Braun joins Suntech from CSG Solar where he held the position of CFO. He began his career at Deutsche Babcock-Borsig Group as a Commercial Manager and Financial Controller in various national and international assignments. He then moved on to Hyperion Solutions Deutschland, where he worked as a Financial Manager. Later he became CFO of a satellite communication firm and Finance Director of a WLAN company. Carl von Braun holds a Diploma of Business Administration from the European Business School.

About Suntech

Suntech Power Holdings Co., Ltd. (NYSE: STP - News) 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's patent-pending Pluto technology for crystalline silicon solar cells improves power output by up to 12% compared to conventional production methods. Suntech also offers one of the broadest ranges 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... .

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, and includes the ability of the management appointments to solidify Suntech's operations in Europe, provide local support, and reinforce the status of the Suntech brand. 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:

    In Europe:
     Silvia Leissner
     OCTANE
     Tel:   +49-89-1730-1949
     Email: SilviaL@octanepr.com

    In China:
     Rory Macpherson
     Investor Relations Director
     Suntech Power Holdings Co., Ltd.
     Tel:   +86-21-6288-5574
     Email: rory@suntech-power.com

    In the United States:
     Kristen McNally
     Executive Vice President
     The Piacente Group, Inc.
     Tel:   +1-212-481-2050
     Email: suntech@tpg-ir.com

The Dongtai solar plant, which is targeted to be completed by the end of 2009, will be powered by more than 37,000 Suntech solar panels and is projected to displace approximately 15,000 tons of carbon dioxide emissions per year. The project is expected to be supported by the Jiangsu Province's feed-in-tariff policy that provides 2.15RMB/kWh for ground-mount solar projects completed in 2009.

Suntech's Chairman and CEO Dr. Zhengrong Shi stated, "We applaud the positive incentive policies and decisive steps taken in 2009 both at national and provincial levels to support solar energy development and establish a greener economy in our country. In particular, Jiangsu Province has shown great leadership with the introduction of their solar subsidy earlier this year. We are also pleased to see that other provinces are developing similar policies that will encourage greater investment in solar projects in China."

Dr. Shi continued, "Suntech is firmly committed to paving the course for environmental protection and renewable energy development in China through close cooperation with our strategic partners such as Huadian. We plan to leverage our solid track record of solar innovation and market leadership in Europe, Japan and the US to accelerate solar energy education and market development here in China."

Mr. Zheng Fang, General Manager of HNE said, "As one of the five major power utilities in China, Huadian attaches great importance to its economic, political and social responsibilities. While actively promoting energy conservation, carbon emission reduction, and the acceleration of structural improvements, Huadian will invest heavily in renewable energy solutions such as wind and solar power. We are pleased to collaborate with solar industry leader Suntech Power - through our collaboration we will not only create development opportunities for both corporations, but also develop China's photovoltaic industry in order to make a positive contribution to resource conservation, the environment and society."

The project will be the first to be initiated through Suntech's strategic agreement with HNE announced in July 2009. Under the agreement, the two partners will develop utility-scale and commercial roof-top solar projects in China's sun-rich western provinces, Jiangsu province and Shanghai.

About Suntech

Suntech Power Holdings Co., Ltd. (NYSE: STP - News) 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....

About China Huadian Corporation

China Huadian Corporation, a wholly state-owned enterprise, is one of China's largest power utilities. At the end of 2008, CHC had a total installed power generation capacity of 63,030MW and total assets valued as 295 billion RMB. In 2008, CHC had 83,038 employees and owned and operated power plants in 25 provinces and regions in China. http://www.chd.com.cn/

About China Huadian New Energy Development Co., Ltd. (HNE)

HNE was established on September 26, 2007 by China Huadian Corporation and four of its subsidiaries. HNE's mission is to finance, construct, manage, and operate electric generation facilities in the fields of wind, hydroelectric, distributed energy, solar, nuclear, biomass, thermal, tidal, and other renewable energies. HNE is responsible for all of China Huadian Corporation's Clean Development Mechanism and renewable energy projects. http://www.chdne.com.cn

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, and includes Suntech's ability to develop the 10MW solar plant in Dongtai, Jiangsu Province by the end of 2009; Suntech's ability to benefit from the Jiangsu Province feed-in-tariff policy; and the ability of the system to displace approximately 15,000 tons of carbon dioxide emissions per year. 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 Suntech:
    In China:
    Rory Macpherson
    Investor Relations Director
    Suntech Power Holdings Co., Ltd.
    Tel: +86-21-6288-5574
    Email: rory@suntech-power.com

    In the United States:
    Sarahjane Sacchetti
    Story Labs for Suntech America
    Tel: +1 415-268-8881
    Email: ssacchetti@suntechamerica.com

    Kristen McNally
    Executive Vice President
    The Piacente Group, Inc. (Investor Relations Counsel, Suntech)
    Tel: +1-212-481-2050
    Email: suntech@tpg-ir.com

To access the conference call, please dial +1-617-614-3523 (for U.S. callers/international callers) or +852-3002-1672 (for HK callers) and ask to be connected to the Suntech earnings conference call. A live and archived webcast of the conference call will be available on Suntech's website at http://www.suntech-power... under Investor Center: Financial Events.

A telephonic replay of the conference call will be available until December 3, 2009 by dialing +1-617-801-6888 (passcode: 58674389).

About Suntech

Suntech Power Holdings Co., Ltd. (NYSE: STP - News) 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's patent-pending Pluto technology for crystalline silicon solar cells improves power output by up to 12% compared to conventional production methods, 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... .

    For further information, please contact:

    In China:
     Rory Macpherson
     Investor Relations Director
     Suntech Power Holdings Co., Ltd.
     Tel:   +86-21-6288-5574
     Email: rory@suntech-power.com

    In the United States:
     Kristen McNally
     Executive Vice President
     The Piacente Group, Inc.
     Tel:   +1-212-481-2050
     Email: suntech@tpg-ir.com

ANAHEIM, Calif., Oct. 27 /PRNewswire-Asia/ -- Today from the Solar Power International conference, Suntech Power Holdings Co., Ltd. (NYSE: STP - News), the world's leading manufacturer of crystalline silicon photovoltaic (PV) modules, announced its new North American Partner Program, designed to increase its current network of approximately 200 domestic installers and help dealers generate more sales. Formally launching in January 2010, the Suntech Partner Program will offer selected dealers a co-marketing fund, training and services, financing programs, and priority access to its innovative product line.

"We are focused on growing the footprint of solar power across the U.S. and Canada, and to do this, we know we have to effectively collaborate with all of our partners," said Mark McKahan-Jones, vice president, Dealer Sales Division, Suntech. "Our program is built with insights and feedback from solar installers across the country, and we're confident that combined with our high-value solar modules, we will provide the country's best dealers with everything they need to grow their businesses."

With applications open to all North American solar installers, Suntech's Partner Program will feature a proprietary Partner Portal created to simplify the installer sales process. The portal allows Suntech dealers to manage their Suntech account, retrieve and track leads, and access a variety of sales and marketing resources. Additionally, Suntech worked with Clean Power Finance, the nation's leading provider of software and services to renewable energy professionals to develop a state of the art proposal tool/CRM service that allows Suntech partners to:

    -- Produce professional and fully customizable proposals in a few simple
       steps;
    -- Utilize a continuously updated, comprehensive database of utility
       rates, incentives, and rebates;
    -- Track and manage their customers from interest to installation from one
       central location; and
    -- Produce accurate quotes using pre-loaded Suntech solar modules.

Dealers are welcome to contact Suntech now to sign up for the launch of the Partner Program in January 2010. To learn more about Suntech and its Partner Program, please visit http://www.suntech-power... .

About Suntech

Suntech Power Holdings Co., Ltd. (NYSE: STP - News) 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's patent-pending Pluto technology for crystalline silicon solar cells improves power output by up to 12% compared to conventional production methods. Suntech also offers one of the broadest ranges 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... .

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, and includes the ability of the new Partner Program to increase the network of domestic installers and help them generate more sales, the launch date of the new Partner Program, the offering of a co-marketing fund, training and services, financing programs, and priority access to the product line under the new Partner Program, the ability of the Partner Portal to simplify the reseller sales process, and the ability of the Proposal Tool to produce customized proposals, track and manage customers, and produce accurate quotes. 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:

     Sarahjane Sacchetti
     Story Labs for Suntech America
     Tel:   +1-415-254-6100
     Email: ssacchetti@suntechamerica.com

Dr. Hans Betz, president and CEO of AE, noted, "AE is very pleased to be part of this collaboration with a world leading producer of PV crystalline-silicon modules. This agreement recognizes the value that our high-performance inverter technology and comprehensive, customizable services bring to the largest solar-power customers."

As a part of this agreement, Solaron inverters and services will contribute to the innovation, dependability and cost-effectiveness of Suntech's Reliathon(TM) platform, a simplified, integrated program for designing and building utility-scale PV plants.

To learn more about AE's Solaron inverter solutions during Solar Power International 2009, visit