The new subsidiary is called Suntech Power South Africa.
"Suntech is poised to quickly expand our presence in the South African market," said Eric Luo, Suntech CEO. "Given the country's dedication to growing renewable energies, Suntech is exploring the potential of locating manufacturing, assembly and warehousing facilities as well as offering after-sales services in the market. This would enable Suntech to quickly supply a greater volume of PV modules to meet growing demands and serve as a gateway to additional markets in the region."
Most recently, Suntech supplied 100 MW of its high-efficiency PV modules for two projects selected during the Department of Energy's Renewable Energy Independent Power Producer Procurement Program's (REIPPPP) first bid round. South Africa's Department of Energy set a goal to reach 3,725 MW of renewable energy generation by 2030, designing the REIPPPP to give independent power producers a chance to bid on renewable energy projects that support socio-economic and environmentally sustainable growth in the region.
Suntech Power South Africa is fully compliant with South Africa's Broad-Based Black Economic Empowerment (BBBEE) legislation.