Home Suntec Solar Inc: U.S. Solar Project Deal.

Suntec Solar Inc: U.S. Solar Project Deal.

Press Release: January 14, 2010

Suntec Solar are presently the topic of conversation within the Solar Energy industry. The reason being, a leaked report that states that Chinese Solar Energy company Suntec Solar, are about to be awarded a contract to provide an alternative energy solution to homes and businesses throughout parts of the west coast of the United States.

In the last 10 years tens-of-thousands of homes in Southern California have taken advantage of the "California sunshine" to heat water for their homes. The oil crises 3 decades ago gave rise to concerns regarding dependency on fossil fuels. At that time, federal and state tax credits helped establish a new solar and wind industry.

This Solar Initiative is part of the Go Solar campaign and builds on a decade of state solar rebates offered to customers in California's investor-owned utility territories: Pacific Gas & Electric (PG&E), Southern California Edison (SCE), and San Diego Gas & Electric (SDG&E.) The California Solar Initiative is overseen by the California Public Utilities Commission.

Recently a new incentive scheme framework produced a major shift in the manner of which solar enticements were calculated - away from a system that funded solar incentives based only on nameplate capacity and towards one where incentive levels are based on performance factors such as installation angle, tilt, and location. This performance framework ensures that California is generating clean solar energy and rewarding systems that can provide maximum solar generation.

Suntec Solar it seems have been charged with the challenge of producing a Solar Energy solution that complies with Californias mandate for maximum solar generation, utilizing flexible design qualities that consider all possible location variables.

The requirement is said to focus on two types of solar photovoltaic designs - large utility-scale solar farms and commercial distributed generation solar projects.

Distributed generation refers to the concept of producing electricity very close to where it is used.

The initiative with Suntec Solar expands Californias existing investments in renewable energy - including wind and biopower - and commercial transmission.

The California Solar Initiative has a budget of $2,167 million.

Notes to editors

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Jessica WatkinsJessica Watkins

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