Agreement Signed by DuPont and Suntech

Published: March 15, 2012

WILMINGTON, DE | DuPont and solar panel producer Suntech Power Holdings Co., San Francisco, CA, 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 reported goal is to achieve faster and broader adoption of solar energy to reduce the world's dependence on fossil fuels. The companies 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.

"We're partnering with leading photovoltaic component suppliers around the world as we continue to make solar affordable for everyone, everywhere,” says Eric Luo, senior VP of global supply chain at Suntech. “With innovative companies like DuPont, the United States is a major contributor to the global photovoltaic supply chain and a net exporter of solar products to China and global markets. Creating higher efficiency solar cells and further extending the long life of solar modules is critical to achieving affordable solar power, and we've worked closely and very successfully with DuPont in this regard. We're taking our collaboration to the next level with this agreement."

According to David B. Miller, president, DuPont Electronics & Technologies, "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. Global partnerships, such as our work with Suntech, have been central to the solar industry's growth…."