On Feb 5th, 2020, (local time) the Genera2020 was held at Madrid Exhibition Center, where Suntech showed up with various differentiated products.
With the long-term brand affection in the European market, Suntech absorbed many new customers on the basis of good cooperation with the old customers and has established a sound pre-sales and after-sales service system in the Spanish market. Suntech has exhibited 3 core products in this exhibition, included 440W mono PERC half-cell module is integrated with a higher output power and a lower temperature coefficient; by using P-type mono high-efficiency double-sided cell and white coating floor technology, the power output of mono PERC bifacial half-cell module can be increased by up to 25%. Suntech offers a 12 years quality warranty and 25 years performance warranty for full series of modules, and 30 years performance warranty for double glass modules including bifacial modules.
In 2019, Suntech performed fairly good in the Spanish market, finished the supply of several large power station project, included La Isla 180MW、Nu?ez de Balboa 500MW、Torrijo 35MW、Bonal 80MW and so on. As we know, The Nu?ez de Balboa project is the largest solar power station in Europe. The project occupies an area of 1,000ha, and requires the installation of almost 1.5million PV modules upon completion. After being put into operation, the power generation of Nu?ez de Balboa project can meet daily electricity demands of 250,000 people in Spain and offset the CO2 emissions of 215,000 tons. This project had good effect on the Spain and EU energy system innovation and new energy development. Suntech provided totally 100MW poly modules for this project, as the mainstream conventional products, the power output of modules are efficient and stable.
With the termination of the European MIP policy and the exemption of anti-dumping duties, the Spanish PV market has developed rapidly in recent 2 years. In 2019, Spain has become the sixth largest PV market in the world, with the PV demand reaching 4% of the world, and continuously pulling the photovoltaic demand market in southern Europe and its surrounding areas. In addition, Spain has abundant solar resources in the Iberian Peninsula, with an annual exposure rate of 1600-1700 kwh / kWp. According to the statistics of relevant institutions, the new added installed PV capacity of in Spain has exceeded 4GW by the end of 2019, and the total installed PV capacity will reach 77GW by 2030.