13 Facts About Suntech Power

Suntech Power's fortunes have declined significantly since its peak in 2008, due to a glut in the market for solar products and problems with its investments.

Suntech Power is a graduate of the University of New South Wales' School of Photovoltaic and Renewable Energy Engineering.

Suntech Power has representative offices in China, Australia, the United States, Switzerland, Spain, Italy, Germany, Japan, and Dubai, as well as production facilities in Wuxi, Luoyang, Qinghai, Shanghai, Germany, Japan, and Goodyear, Arizona.

Suntech Power America was based in San Francisco, California, and had plans to start a production facility in Phoenix, Arizona in 2010.

In 2009, Suntech Power had executives of their US operations in top posts in American solar panel industry groups.

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Suntech Power has supplied or installed solar modules for numerous solar power plants and systems around the world.

Suntech Power panels were used on the Ketura Sun field, the first commercial solar field in Israel.

Suntech Power is one of the main manufacturers of components for the Andalay Solar Panel sold by Akeena Solar.

The consolidated private equity investment into Suntech Power is generally considered to be one of China's most profitable private equity investments ever, as each firm is thought to have made gains well over 10x on their original investments.

In June 2008, Suntech invested into their biggest partner, Global Solar Fund, a company investing in power plants in Spain and Italy.

Suntech Power announced in 2013 that it will be closing its Goodyear, Arizona, panel manufacturing plant.

Suntech Power, defaulted on $541 million of convertible bonds in March 2013.

In February 2014, Suntech Power filed for Chapter 15 bankruptcy in Manhattan, New York to seek protection from US creditors.