Australia’s Suntech Solar Panels Review
Welcome to Queeensland Solar and Lighting Suntech Solar Panels Review. We have reviewed many other popular solar panels over the past 18 months here at QLD Solar & Lighting, we thought that now would be a good time to give Suntech Panels a write-up and share our past experiences with them.
Suntech Solar Panels Review
Suntech Solar Panels claim to be the largest Solar panel manufacturer in the world. They are made in China just like 99.9% of the other solar panels on the world market.
Suntech Solar Panels are reported to be Bankrupt and have an outstanding debt of over $1 Billion US Dollars. This once promising solar company began to crumble when many other Chinese solar panel manufacturers turned the heat up on the global solar industry by manufacturing and selling their own solar panels at a loss, or very thin profit margins. When this happened, Suntech Solar were not setup for such skinny profit margins and had to compete with the inferior solar brands that have sprung-up overnight in China just to get sales.
Suntech Solar could only do this for so long, I guess they had hoped that the market would soon recover, the other Chinese Solar companies would soon put their prices up to a reasonable mark, and they would again be sailing in the Green, and become a healthy and profitable solar panel company before long. Unfortunately for Suntech, this never ever happened. They were manufacturing their great product, and so much of it (remember they were the world’s number 1 solar panel Manufacturer)
As you can see this Suntech Solar Panels review cannot speak to highly of the once might Suntech Solar panel as it appears they have really gone to shit. The company is in Severe debt and we here at Queensland Solar and Lighting feel very sorry for the investors who invested in purchasing shares in Suntech.
Unfortunately when it comes to Solar, the only good solar investment is whacking a Solar System on your roof. Give us a call and we will help you start your solar investment today.
Thanks for reading our Suntech Solar Panels Review.
Suntech is actually back in Australia in a very big way. They successfully came through its corporate restructuring, thanks to the quality of the brand, its high quality products, proven reliability, performance and overall track record. Suntech is actually now one of only two PV manufacturing companies from China with a positive bank balance thanks to its successful acquisition by Shunfeng early in 2014. additionally it is one of only 3 in the world with VDE quality certification.
Since its origin back in January 2001 Suntech has produced industry-leading solar products for residential, commercial, industrial, and utility applications. Suntech has delivered more than 30 million photovoltaic panels or over 8 GWs of installed capacity to more than 1 thousand customers in more than 80 countries. In Australia between 2007 and 2014 Suntech has shipped over 1.7 million high quality PV modules into the market with valid warranty claims of just under 0.018%. Suntech’s pioneering R&D creates customer-centric innovations that are driving solar to grid parity against fossil fuels. Suntech’s mission is to provide reliable access to nature’s cleanest and most abundant energy source.
What this means is that the company is now part of the world largest renewable energy company. Shunfeng not only own Suntech they own Sunway’s, a high quality German inverter company, they own a majority stake in Powin Energy, one of the largest utility scale battery manufacturers in the US as well as Boston Power, another manufacturer of Lithium-ion battery products.
Shunfeng owns S.A.G Solar one of world’s largest solar power station operators and the largest solar power plant developers in Europe, Solarstrom, a utility scale renewable EPC company, MeteoControl who are together with S.A.G are one of the largest global power station operators and developers, S.A.G runs 117 power stations with 8.8 GW and MeteoControl monitor over 500MW of renewable installations globally.
The group also has Nabao Renewable Energy, A pioneer in the development of Ground Source Heat Pump technology and also China’s largest Energy Management Contract business solution provider. Lattice Power is part of the group too; they are the owner of advanced LED technology and provider of complete LED lighting solution. GreenWheel as well is part of the family, a pioneer R&D of electric vehicle related tech and the manufacturing of electric vehicles in China.
so as you can see Suntech has not gone to s***t its actually far bigger and stronger than it ever was, yes there were issues but helping to create an industry and be responsible for mass production comes with a risk.
There are now many other manufacturers out there with far higher levels of risk and exposure than Suntech ever had but there is not another Shunfeng to pick them up.!