Solar Stock Suntech Power (STP) and Dupont Join Forces

Penny Stock Suntech Power Holdings Co., Ltd. (NYSE: STP) will surge in today’s market with its most recent announcement.

DuPont and Suntech Power Holdings Co., Ltd., the world’s largest producer of solar panels, have signed a strategic agreement to help increase the supply of photovoltaic materials and technologies for the growing global market for solar energy.

The agreement focuses on technology advancements, supply chain optimization cost reduction initiatives, and DuPont™ Tedlar® polyvinyl fluoride film supply.

The companies also are pursuing co-marketing opportunities. The companies’ goal is to achieve faster and broader adoption of solar energy to reduce the world’s dependence on fossil fuels. They intend to achieve the goal by further improving the technology for solar energy and helping reduce its costs and building greater awareness of its benefits to consumers.

In November 2011, Suntech recognized DuPont with its annual Supplier Excellence Award for providing superior supply and technical service, product innovation and collaboration. DuPont supplies DuPont™ Solamet® photovoltaic metallization pastes to help enhance the efficiency of solar cells made by Suntech, as well as DuPont™ Tedlar® polyvinyl fluoride film used in protective backsheets for Suntech solar modules.

These materials are part of DuPont’s broad and growing portfolio of products that improve the efficiency and lifetime of solar cells and modules, and help reduce overall system costs to make solar more competitive with traditional sources of energy.

“DuPont and Suntech have the highest standards for product quality, and sustainability is an important value for each of us. With these shared values, we look forward to bringing our offerings to more consumers as the global industry continues to grow,” said David B. Miller, president, DuPont Electronics & Technologies. “Global partnerships, such as our work with Suntech, have been central to the solar industry’s growth. Our work together in Masdar is a prime example of the benefits of our collaboration, and of solar energy.”

The DuPont collaboration with Suntech was featured as part of a short documentary titled, “City of Science, City of Hope,” that recently aired during the BBC News “Horizons” program series. The documentary highlights the role of DuPont materials that enable Suntech solar modules to help power the city of Masdar – one of the most sustainable communities on the planet, and a model of what green urban development can be.

STP, one of the 25 Solar Energy Stocks featured hear weekly, is a “MUST ADD” to watch lists and has been on an incredible run to start 2012.

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