In an effort to capture a share of the state subsidised utility PV market in the USA Suntech Power Holdings, the world’s largest PV module manufacturer, has today announced significant developments.
A joint venture with MMA Renewable Ventures to form the Gemini Solar Development Company, LLC will take aim at Sunpower and First Solar who currently rule the USA power utility market. The JV company will seek to develop, finance, own and operate large-scale PV projects (greater than 10MW). The JV will also seek third-party investors to help fund new power stations.
The acquisition of EI Solutions, the company responsible for the 1.9MW Google HQ installation, gives Suntech the immediate sales infrastructure to develop a strong market share in the commercial and industrial roof markets.
“These initiatives mark a new era of growth for Suntech in the U.S.,” said Roger Efird, President of Suntech America. “With the acquisition of EI Solutions and our joint venture with MMA Renewable Ventures, we can now offer a fully integrated solar solution to commercial, utility and government customers. This will provide us with a much closer relationship with these customers and enable us to capture a significant portion of the rapidly growing market for larger systems, particularly in the utility sector.”