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Suntech Power
Suntech designs and manufactures innovative solar energy solutions for a wide variety of customers and applications
About Suntech Power
Suntech Power, founded in 2001 by Dr. Zhengrong Shi, is a global manufacturer of photovoltaic (PV) products. Dr. Shi, a Chinese-Australian solar scientist, established the company with support from the Wuxi city government after earning his Ph.D. in photovoltaic science from the University of New South Wales in Australia. His background includes serving as a research director at Pacific Solar Pty., Ltd., where he worked on commercializing next-generation thin-film technology. This experience in PV research and his numerous patents were foundational to Suntech's initial success.
The company's trajectory includes significant milestones, such as becoming the first privately owned Chinese company to list on the New York Stock Exchange in 2005. Suntech experienced rapid growth, becoming a top solar panel shipper by 2010. Notable projects from this era include supplying the 1.6 MW solar installation for Google's headquarters in 2007 and providing panels for the Beijing National Stadium for the 2008 Olympics. However, the company faced challenges due to a market glut and investment issues, leading to a default on a bond payment in March 2013 and subsequent bankruptcy proceedings. In 2014, Shunfeng International Clean Energy Limited acquired Suntech, which has since continued its operations.
Suntech's business model revolves around the research, development, production, and sale of crystalline silicon solar cells and modules. The company serves a global market, with sales in over 100 countries, catering to residential, commercial, and utility-scale clients. Revenue is generated through the sale of its solar products via direct sales, wholesale distributors, and partnerships with local installers and project developers. Suntech provides a range of products, including on-grid, off-grid, and hybrid solar power systems designed to meet diverse energy requirements. Its product lineup features various solar modules, such as the Ultra V Pro and Ultra X Pro series, which include bifacial and N-type TOPCon technologies.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2001
- Headquarters
- China
- Employees
- 1,808
- Open positions
- 1
- Dealroom signal
- 70.5/100
- Industry
- Energy
- Sub-industry
- Clean Energy
- Sector
- Energy, Natural Resources, Solar Energy, Sustainable Development Goals, Climate Tech, Renewable Energy, Hard Tech, Horizon Europe
- Business model
- Manufacturing
- Client focus
- b2b
- Investment activity
- 1 company, latest Aug 2006
- Capital deployed
- —
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| GROWTH EQUITY VCOther financing | Oct 2016 | $0 | — | Envision Capital (China) | ↗ |
| ACQUISITIONOther financing | Nov 2013 | $0 | — | Shunfeng Photovoltaic | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Suntech Power is 21K monthly website visits, up 150% over the last three months. Suntech Power's team grew 17.1% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later2 investors entered at this stage
Actis- E(Envision Capital (China)
Other known investors1 additional known investor
Shunfeng Photovoltaic
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Suntech Power on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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