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German-American Business Association “Cleantech Financing for the Future”. Kristina Peterson, President, Gemini Solar Development Company Vice President, Suntech America November 10, 2009. Founded — 2001, Wuxi, Jiangsu Province, China IPO Date — December 14, 2005 (NYSE: STP). Milestones. - PowerPoint PPT Presentation
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©2009 Suntech Power. All rights reserved.
Confidential: Do not distribute.
German-American Business Association“Cleantech Financing for the Future”
Kristina Peterson,
President, Gemini Solar Development Company
Vice President, Suntech America
November 10, 2009
1
Suntech Overview
(
Focus on core expertise in PV module production; Cementing relationships with selected upstream and downstream partners
Solar Grade Polysilicon
Ingots and Wafers
Solar Cells
Solar Modules
Suntech’s Core Business
Distribution,System Integration
Milestones Founded — 2001, Wuxi, Jiangsu Province, China IPO Date — December 14, 2005 (NYSE: STP)
Founded — 2001, Wuxi, Jiangsu Province, China IPO Date — December 14, 2005 (NYSE: STP)
Products & Services
Photovoltaic cells, modules including BIPV products and system integration, and thin film PV products in the future
Target of 1GW PV cell production capacity by the end of 2008
Photovoltaic cells, modules including BIPV products and system integration, and thin film PV products in the future
Target of 1GW PV cell production capacity by the end of 2008
Market Capitalization
Market Capitalization — approx. $2 billion Free Float — 66%
Market Capitalization — approx. $2 billion Free Float — 66%
Market Leadership
#1 module producer and #3 PV cell producer in the world in 2008¹ #1 module producer and #3 PV cell producer in the world in 2008¹
2
Suntech: Company Snapshot
Company • Suntech Power Holdings Co., Ltd.• $1.9 billion revenues in 2008
Products and Services• Silicon solar cells and modules• Building integrated and off-grid solar systems • Thin film solar products (from 2009)• Residential, commercial, and utility-scale solutions• #1 module producer, #3 cell producer• #1 in Spanish sales, #2 in Germany
People and Offices• 9,000+ employees • Global offices in China, Japan, Germany, Spain, UAE, Australia, North America, South
Korea, Switzerland • International management team
3
Leading by Example
Suntech is a member of the Global Roundtable on Climate Change, the Climate Group, and the Copenhagen Climate Council
Our factories are certified to ISO 14001 – Environmental lifecycle management
Continual environmental performance improvement
Continual re-certification
Our new manufacturing facility and corporate headquarters are among the most environmentally friendly in the world
1 MW solar façade and roof system
100,000+ ft2 of offices over seven floors
Geothermal heating, conduit cooling ceiling
Natural light and ventilation
Intelligent lighting system
4
Long-Term Industry Leader
International brand recognition for quality and reliability
Worldwide sales reach: #1 module supplier in Spain, #2 module supplier in Germay1
Unmatched manufacturing capacity
25-year module power output warranty enhances customer ROI
2008 Solar Energy Development Company of the Year
“Suntech will be a long term winner post the shake out in solar we expect to occur.”
5
- Analyst Report, March 2009
(1) Company estimates, 2007
Levelized Cost of Electricity (LCOE)
LCOE analysis compares the total life cycle costs of generating energy across different technologies
LCOE shifts the industry focus away from upfront investment ($ / W) and towards lifetime cost/benefit of ownership ($ / kWh)
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LCOE = Total Lifetime Cost
Value of Lifetime Energy Production
Total Lifetime Cost generally includes: Initial investment (less any upfront rebates) Annual O&M expenses Land lease expenses
Value of Lifetime Energy Production varies based on: Location – latitude, irradiance, weather patterns, etc. System characteristics – module efficiency, mounting system design,
annual degradation, etc.
Compelling Levelized Cost of Energy
7
Suntech LCOE Advantages
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Expanded Production Hoursvs. Thin Film
Compared to fixed-tilt systems, tracking systems produce energy later into the afternoon when electricity is most valuable
Reduced Land Use
Thin film PV systems, because of their low efficiency, require more land to generate the same amount of energy (MWh) as crystalline modules
Tilted single-axis tracking systems (e.g. the SunPower T20) require more land than flat tracking systems
kW h
Low EPC and O&M Costs
All modules are not created equal
Competitively priced Suntech modules offer exceptional value, reliability, and energy output while reducing overall EPC costs
Proprietary manufacturing techniques and quality control reduce maintenance costs
10 MW Power Plant Comparison (2010)
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1-Axis Tracker – 0 Degree Tilt 1-Axis Tracker – 20 Degree Tilt 30 Degree Fixed Tilt
Suntech SunPower First Solar
Assumes yearly average conditions: 237.9 W/m2 irradiance, 19.6° C, and 4.9 m/s wind speed
54 Acres22,700 MWh/year
LCOE Leader
60 Acres24,300 MWh/year
7% more energy, but at a significant capex premium
50 Acres18,900 MWh/year
16.7% less energy with only a small capex discount
Extensive US and Worldwide Experience
United States
China
Spain
United States
JapanSpain
United States
Japan
United States
Module Supply: Alamosa Solar Power Plant
One of the largest systems in the U.S.
Over 27,000 Suntech modules
Single–axis tracking system
Module Supply: Nellis Air Force Base14 MW – Outside Las Vegas, Nevada
Largest installation in Western Hemisphere
Suntech was a top module supplier
Supplies 30% of base’s electric needs
Case Study: Austin Energy 34.2MW DC Project
Austin Energy Goals
Austin Energy was looking for cost-effective, no risk solution to meet their Renewable Portfolio Standard goals
Austin Energy has no ownership or operation risk; purchases power from project over 25 year Power Purchase Agreement (PPA)
Austin contributes the land to project (25 year lease)
Why Suntech?
Competitive price
Track record
Superior solar PV technology and operating experience
Guaranteed module supply
Site Layout
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Webberville 34.2 MWp Solar Array
• Completion target date Dec. 31, 2010
• 130,000 Suntech modules
• Ground mounted 20o trackers
• ~90 Inverters
• 370 acres
Case Study: Austin Energy 34.2MW DC Project
Location Austin, Texas
Owner Gemini Solar Development Company (50% owned by Suntech, 50% owned by Renewable Ventures)
Developer Gemini Solar Development Company
Power Purchaser Austin Energy
Term 25 year PPA
Project Size (MW) 30 MW ac
Significance First large-scale PV project proposed in Texas
Module Supplier Suntech Power Holdings
Target Completion 2010
Project Cost US $210 million (estimate)
13
Case Study: Austin Energy 34.2MW DC Project
March 5, 2009 - Suntech’s development joint venture, Gemini Solar Development Company, awarded contract to build, own and operate largest solar project in U.S. by Austin City Council, to sell power to Austin’s municipal electric utility, Austin Energy
August 13, 2009 – Austin Energy signs 25 year power purchase agreement with Gemini
Austin supplies 350+ acre site and all interconnection facilities to Gemini
Project to begin construction late 2009, placed in service by December 31, 2010
Will be largest solar power project in U.S. when complete, and fifth largest PV crystalline solar project in world
Part of Austin’s self-imposed Renewable Portfolio Standard to achieve 200MW solar by 2020
14
Suntech Contact Information
Kristina Peterson
President, Gemini Solar Development Company and
Vice President, Project Finance and Business Development, Suntech America
71 Stevenson Street, 10th floor
San Francisco, CA 94105
Tel +1 415 268 8844
www.suntech-power.com
15