Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest photovoltaic (PV) module manufacturer, today announced financial results for the third quarter ended September 30, 2008.

Third Quarter Highlights(1)

• Third quarter 2008 total net revenues grew 53.7% year-over-year to $594.4 million.
• On a consolidated basis, GAAP gross margin increased to 21.6% for the third quarter 2008 compared to 20.7% for the third quarter 2007. Non-GAAP(2) gross margin reached 21.8% for the third quarter 2008, compared to 21.4% for the third quarter 2007.

Suntech Power Holdings Co., Ltd. (NYSE: STP), one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced that Dr. Zhengrong Shi, Suntech's Chairman and CEO, has been honored as one of three Climate Heroes by the Asia Society in recognition of his contribution to green innovation and sustainable development in Asia and the United States. The award was presented to Dr. Shi at a dinner in New York on November 11.

Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest manufacturer of photovoltaic (PV) modules, today announced the completion of the California Institute of Technology's (Caltech) 238 kWp solar array. The system was designed and installed by Suntech Energy Solutions, a wholly owned subsidiary of Suntech Power Holdings Co., Ltd., and utilized an innovative space frame that accommodated more modules to maximize solar energy production. This also resulted in more shading for cars on the top deck of the parking structure where the array is located.

Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest photovoltaic (PV) module manufacturer, today announced it has joined The Climate Group, a global, independent organization dedicated to accelerating action on climate change. Suntech is the first and only solar energy company to join The Climate Group.

Uniting with other international members of The Climate Group at an event held in Beijing on Friday, October 24th, Suntech pledged to help the world reduce greenhouse gas emissions by driving down the cost of solar and promoting widespread adoption of solar systems.

Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's leading manufacturer of photovoltaic (PV) modules, today announced that management is scheduled to participate in the following upcoming investor conferences and industry events:

• MENA Solar Forum from October 27-28 at the Intercontinental Dubai Festival City in Dubai, UAE. Dr. Zhengrong Shi, Suntech's Chairman and CEO, will deliver the keynote address at the Gala Dinner on October 27.
• Goldman Sachs and Gao Hua Securities' China Investment Frontier Conference on November 3-4, 2008 at the Grand Hyatt Beijing.

Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest photovoltaic (PV) module manufacturer, will announce its financial results for the third quarter ended September 30, 2008, before the U.S. market opens on Thursday, November 20, 2008. Suntech management will host a conference call that day at 8:00 a.m. Eastern Standard Time (which corresponds to 9:00 p.m. Beijing/Hong Kong time and 1:00 p.m. Greenwich Mean Time on November 20, 2008) to discuss the company's results.

Company plans to triple sales to the U.S. in 2009 through expansion of dealer network, acquisition of commercial-scale solar integrator EI Solutions, and joint venture with MMA Renewable Ventures to develop, finance, own and operate large solar projects

Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest photovoltaic (PV) module manufacturer, today announced three initiatives designed to significantly expand its share of the U.S. solar market. The initiatives include:

Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's leading manufacturer of photovoltaic (PV) modules, and MMA Renewable Ventures, a subsidiary of Municipal Mortgage & Equity, LLC (OTC:MMAB.PK), today announced the creation of Gemini Solar Development Company (Gemini Solar), a joint venture to develop and finance photovoltaic projects 10 megawatts and larger. MMA Renewable Ventures, Suntech, and their third-party finance partners will co-own and operate the projects built by Gemini Solar.

Suntech Power Holdings Co., Ltd. (NYSE: STP), one of the world's leading manufacturers of photovoltaic cells and modules, today announced it has been selected to supply 1.6 megawatt (MW) of solar panels to Sun Devil Solar LLC, a wholly owned subsidiary of Integrys Energy Services, for its project with Arizona State University (ASU). The project will be installed on top of two elevated parking structures in the middle of the ASU's main campus using an innovating tracking system. The solar installations are to be completed by the end of 2008.

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