August 23, 2016
/PRNewswire/ -- Suntech Power, the world’s leading solar energy solution provider, was recently presented with the Renewable Energy Technology Growth Excellence Leadership Award by Frost & Sullivan at its 2016 Asia Pacific Best Practices Awards. The company earned the honor due to its excellence in growth, innovation, and leadership in Asia Pacific.
The award is presented based on a comprehensive range of criteria including:
• Above-market Growth
• Growth Diversification
• Growth Sustainability
• Price / Performance Value
• Customer Ownership
Upon these stringent criteria, Frost & Sullivan evaluated businesses via in-depth interviews, analysis, and extensive secondary research, in which Suntech beat the competition by delivering the most reliable and cost-effective solar power solutions.
This award adds to an already successful 2016 for Suntech, which has so far seen it named among Bloomberg’s Leading PV Module Suppliers, granted the Top Brand seal by EuPD research, and win the diamond trophy at the SNEC PV Power Expo for its HyPro Module.
Suntech has meanwhile been an active partner in industrial-standard making. As an industry leader, Suntech was invited to the SEMI China Photovoltaic Standards Committee to share its insights and contribute to national standards for the photovoltaic industry.
He Shuangquan, president of Suntech said, “Suntech saw this participation as both an opportunity to shape the industrial landscape and a commitment to a greener, cleaner, and more sustainable future for everyone on the planet.”
Recognizing the company’s leadership position in the industry and its capability to capture fast growth opportunities, Frost & Sullivan awarded this honor to Suntech over other competitors that exemplify the world’s cutting-edge renewable energy technology.
“Frost & Sullivan is recognizing Suntech with the Asia Pacific Renewable Energy Technology Growth Excellence Leadership award as the company is leading the way in ensuring the highest standards for quality and innovative solar power solutions across the globe,” said Ravi K, Vice President, Energy & Environment Practice, Asia-Pacific at Frost & Sullivan.
In response, He added, “To keep up this momentum, Suntech will continue to work on upgrading its technology and optimizing management, to further improve productivity and quality and enhance customer experience. This will in turn equip Suntech with continuous competitive edge.”
With the vision to “green the future”, Suntech has achieved rapid growth since its foundation in 2001, serving customers across 80 countries. Thanks to intensive investment in R&D, Suntech managed to upgrade its business model to be more sustainable and customer-centric, emphasizing quality and customer satisfaction over sell-in.
About Suntech Power
Suntech develops, manufactures, and delivers the world’s most reliable and cost-effective solar energy solutions. The company’s vision, “No matter where you are, together we green the future” exemplifies Suntech’s fast growth over the past 15 years. Founded in 2001, Suntech has been supplying more than 10 GW photovoltaic panels to more than a thousand customers in more than 80 countries. Leveraging its pioneering R&D and customer-centric innovations, Suntech aims to provide reliable access, from private residences to global corporations, to nature's cleanest and most abundant energy source.
About Frost & Sullivan Best Practices Awards
The Frost & Sullivan Best Practices Awards recognize companies that demonstrate outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development in regional and global markets. With a history over 50 years, Frost & Sullivan is a leading consultancy institute that works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.