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Suntech Power Holdings Co. Ltd. opened its first U.S. manufacturing facility in Goodyear on Friday, bringing solar panel assembly to the Valley.
The Wuxi, China-based Suntech (NYSE: STP), one of the largest solar module manufacturers in the world, began producing panels that were greeted by about 200 people at the company’s factory to celebrate the launch.
Shi Zhengrong, the company’s founder, chairman and CEO, said his firm has come a long way since it first began manufacturing panels in 2002, and it looks forward to developing more of a market in the U.S.
“Imagine what we will be able to do in the next eight years as we continue to drive down the cost of solar,” he said.
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