1. Suntech Power Holdings Co., Ltd.
2010 Corporate Report

2. Contents
04 Chairman’s Letter
10 Global Markets
16 Technology Leader
18 Global Vision, Global Impact
20 Selected Financial Data
22 Experienced International
Leadership
23 Corporate Information

3. The sun delivers enough energy in
60 mins
to meet global energy needs for an
entire year.
Shelburne Farms solar array, Vermont. Photo by Neil Dixon

4. CHAIRMAN’S LETTER
Dear Partners and
Shareholders
2010 was another landmark balance of cash and cash expectations. In early 2010, fact, Suntech is now the
year for Suntech and the solar equivalents of $872.5 million many solar analysts estimated leading vendor to seven of
industry. The most productive as of December 31, 2010, and a 10GW market. Looking back the top ten European VARs,
period in Company history, we achieved 1.8GW (gigawatts) from a 2011 vantage point, it which combined account for
Suntech shipped more of PV cell and module capacity was closer to 18GW (gigawatts), approximately 80% of the
than 1.57GW (gigawatts) of and 500MW (megawatts) of around 2.5 times more than distribution market in Europe.
solar product, representing silicon ingot and wafer capacity in 2009. While there was more
growth of 123% over 2009 as of year-end. than enough growth to fuel In 2011, this concentration
and elevating Suntech to our business, we continued to of demand in Europe is set
the number one supplier of Operationally, we implemented execute our strategy to address to change. While Europe will
solar panels worldwide. We a number of important not just today’s market, but continue to be the foundation
could not have achieved changes to our business tomorrow’s and that of the of solar demand, we expect
this without our customers, model. We developed channels next decade. The focus of this shipments to that region to
our employees, and most into emerging markets and strategy was, and continues to represent only 53% of our
importantly, governments’ established unprecedented be, “diversification”. 2011 total. In its place, we’re
growing realization of the need geographical diversification; excited by the prospects
to diversify the global energy extended our vertical Several countries in Europe, and opportunities that are
landscape. integration into the wafer most notably Germany, have emerging in the Americas and
segment of the value chain; been the solar industry’s most the APMEA region – the Asia
Financially, we generated broke new ground in solar stalwart supporters and it is no Pacific, Middle East and Africa.
strong returns. Net revenues technology; and delivered surprise that in 2010 roughly With Suntech’s global brand
totaled $2.9 billion in 2010, what customers value most – 66% of our revenues were recognition, built through
representing 71% growth bankable solar. generated from shipments long term investments in these
year-over-year, and net income to European customers. We high growth markets, we are
attributable to holders of MARKET SHARE GROWTH continued to address European perfectly positioned to address
ordinary shares was $236.9 AND DIVERSITY demand through our network these prospects.
million, or $1.30 per diluted of loyal value-added resellers
American Depositary Share The growth of the global solar and partnerships with tier In the Americas, we continued
(ADS). We maintained a strong market in 2010 far exceeded one project developers. In to improve our position in 2010,
4 SUNTECH POWER HOLDINGS | 2010 CORPORATE REPORT

5. 1.57
gigawatts
of solar panels
shipped
$2.9
billion
in revenues
20,200
employees
2010 CORPORATE REPORT | SUNTECH POWER HOLDINGS 5

6. Suntech shipped more than
1.57 gigawatts of solar product,
representing growth of 125%
over 2009 and elevating Suntech
the number one supplier of
solar panels worldwide.
6 SUNTECH POWER HOLDINGS | 2010 CORPORATE REPORT

7. shipping more than 250MW Secondly, it will lead to TECHNOLOGY INNOVATION 80 countries, we have
(megawatts) of solar product production and efficiency accomplished a lot in nine
to rank as the top supplier of synergies through integrated Central to Suntech’s success years of operations. However,
solar panels to this region. In research and development is our ability to push solar with less than 1% of the world’s
2011, we expect solar demand initiatives, enhancing our technology to the next level. energy production coming
in the Americas to more than internal expertise in all aspects And in 2010, we raised the bar from solar, the challenge
double in size. We intend to of ingot and wafer production. in all facets of our business. In remains for Suntech to really
grow our shipments in tandem the factory, we optimized our revolutionize the global energy
and maintain market share of Thirdly, by expanding wafer manufacturing processes and industry. To do this, we need
around 20%. capacity to 50% of our total introduced in-house designed big goals. The most important
solar module capacity, it will automation equipment. In cell of these is to achieve retail grid
Outside of the Americas and enable Suntech to balance technology, we transitioned parity in 50% of global markets
Europe, we continued to see our dual priorities of large our high efficiency Pluto by 2015.
growth in the APMEA markets scale and low cost. By year- technology into mass
in 2010. We have established end 2011 we expect to reach production, producing 50MW We are confident we have
leading market share in 1.2GW (gigawatts) of installed (megawatts) of Pluto panels the right strategy to make
Thailand, Australia, and Israel; wafer capacity, matching during the year – and in 2011 this happen. In 2011 we plan
and continue to expand our approximately one-half of our we intend to quadruple that to ship more than 2.2GW
presence in China, India, target cell and module capacity production. We also launched (gigawatts) of solar panels
Japan and the Middle East. of 2.4GW (gigawatts). wafer R&D initiatives that will globally, an increase of around
Following a rapid decrease in optimize the composition of 40% from 2010. We will expand
the levelized cost of energy Another key initiative launched our silicon wafers, leading production of the high-
over the past two years, we in 2010 is our joint venture with to even greater product efficiency Pluto technology;
expect APMEA will be a vibrant two Wuxi-based companies consistency and performance. leverage wafer production to
region in the years to come to jointly own and operate drive down cost; and continue
as solar becomes increasingly a 1.2GW (gigawatts) PV cell But our innovation wasn’t to invest in our brand and
competitive with incumbent production facility located confined to our global R&D global sales network. In doing
energy sources. at our Wuxi campus. This labs. In addition to product so, we intend to maintain
JV will enable us to more quality and manufacturing market leadership and provide
CRYSTALLINE SILICON SOLAR effectively leverage our capital excellence, we continued to the right solar solutions to
— DOING WHAT WE DO BEST to expand capacity. Suntech innovate in channel marketing, protect our world’s future.
will provide technology and sales support, customer
In an increasingly competitive train the management team service, warranty and corporate We appreciate your continuing
market, it is important to focus for this facility so that we social responsibility, and these support of our efforts to
on what we do best. In 2010, can ensure the solar cells remain high priorities in 2011 address the twenty-first
we did just that by refocusing meet our stringent quality and beyond. century’s energy challenge and
our business on crystalline and performance standards. power a green future.
silicon solar products. We We plan to achieve 600MW In 2011 we will continue
exited the thin film business, (megawatts) of cell capacity to invest in R&D initiatives
and enhanced our business by the middle of 2011 across the spectrum of Sincerely,
model by becoming a vertically with the second phase of manufacturing steps – from
integrated producer of silicon 600MW (megawatts) to be silicon material quality, to cell
wafers through to solar panels. completed in line with demand and module performance, to
projections. system optimization. All of
Our acquisition of 375MW these initiatives are aimed at
(megawatts) of wafer These initiatives leverage reducing cost and improving
manufacturing capacity is a low Suntech’s core competencies quality and performance. Dr. Zhengrong Shi
risk strategy that will benefit in crystalline silicon Founder, Chairman and Chief
Suntech in three key areas. technology development and 2011 AND BEYOND Executive Officer
Firstly, it will materially reduce manufacturing, and will allow Suntech Power Holdings Co., Ltd.
our silicon wafer costs and us to grow efficiently and With more than 15 million
improve the earnings potential profitably. Suntech panels generating
of our business. energy in more than
2010 CORPORATE REPORT | SUNTECH POWER HOLDINGS 7

8. #1
PV module
supplier
in 2010
8 SUNTECH POWER HOLDINGS | 2010 CORPORATE REPORT

9. More than
15 million
panels shipped
since inception
Suntech panels
generate enough
energy to power
Kenya
2nd
largest global
clean-tech
employer
2010 CORPORATE REPORT | SUNTECH POWER HOLDINGS 9

10. Global Markets
The global PV market Pacific, Middle East and Africa. 123% growth year-over-year, technology. In fact, we expect
surpassed its own record of and market share leadership close to 50% of products to be
7.4GW of installations set Within this environment, in 2010. directed to these markets in
in 2009 by an astounding Suntech continued to invest 2011, up from 34% in 2010, and
10.8GW to reach 18.2GW of in building our regional sales Regional leadership also 26% in 2009. The trend is clear
installations in 2010, based on structure to support globally enabled Suntech to increase – as solar marches down the
data from 2011 MarketBuzz. coordinated, but regionally our global diversification cost curve, elasticity of demand
This explosive growth was independent decision making and the realignment of our stimulates both the size and
largely fueled by the rapid and service delivery to our business towards the growth number of markets. With global
drop in solar module prices customers. This strategy has markets of the future. While brand recognition and diverse
since 2008 resulting in strong proven successful in providing Europe remains the #1 sales channels, Suntech is in an
solar economics across substantive support for our destination for Suntech panels, excellent position to benefit
Europe. It was also driven by customers in local languages markets across the Americas from this trend.
unprecedented growth in and local time zones. The result and APMEA are becoming the
markets in the Americas, Asia was 1.57GW of solar shipments, next major adopters of solar
MOST DIVERSE SOLAR PLAYER
Europe
2009
74% 66% 53%
2010
Americas
2011E
APMEA
16% 19% 22%
10% 15% 25%
2011 Market Source: Internal Suntech estimate based upon Barclays, Citi, Cowen, Greentech Media, Jefferies, Photon, Solarbuzz, and UBS
10 SUNTECH POWER HOLDINGS | 2010 CORPORATE REPORT

11. Bankability matters — customers realize they are
buying a 25-year relationship, not just a solar panel.
Sunset Reservoir solar array, San Francisco. Photo courtesy of Recurrent Energy.
2010 CORPORATE REPORT | SUNTECH POWER HOLDINGS 11

12. Ferrisburgh solar array, Vermont. Photo by Neil Dixon.
Europe
Europe maintained its lead 250,000 households across largest demand for solar,
as the largest market for Europe. installing 7.7GW of PV systems
solar energy in 2010 as in 2010. Italy exceeded
it added an incremental We continued to address this all expectations due to a
14.7GW of solar installations, demand by partnering with generous subsidy program,
representing approximately best-of-breed value-added and France, Benelux, and
81% of the global total. To resellers and EPCs that have Greece continued to build
address European markets, mature channels to market
we continued to expand the and the capabilities to grow
Our strategy has enabled Suntech to provide
resources and capabilities of their businesses in line with
our regional headquarters in Suntech. One notable example
Schaffhausen, Switzerland and is our framework agreement
a comprehensive suite of services to our
our country offices throughout with Siemens Energy, which
Europe. This strategy has has secured orders for 80MW
European customer base, similar to a local
enabled Suntech to provide of PV plants from six different
a comprehensive suite of countries. In addition, we company.
services to our European signed two-year agreements
customer base, similar to for 175MW with two leading sustainable solar markets.
a local company. It also Italian solar companies, both of In 2011, in addition to
supported Suntech becoming which are focused on the roof- these markets, the UK and
the first solar company to top segment of Italy’s solar Bulgaria are expected to
ship more than 1GW of market, which we expect to be develop a healthy base of
solar products to European the focus of solar incentives in solar installations, further
markets in 2010, at a rate of coming months and years. diversifying the European solar
close to 3MW per day. These landscape.
products can generate enough Within Europe, Germany
electricity to power more than continued to generate the
12 SUNTECH POWER HOLDINGS | 2010 CORPORATE REPORT

13. Suntech U.S. manufacturing facility, Arizona.
The Americas
Suntech’s investments in the this will grow to greater than progressive subsidy scheme to facility in China that was built
Americas began in 2006, and 50% in 2011. support solar adoption and we in 2001. The 117,000 square
in the short time since then we have strategically partnered foot facility features state-of-
have become the #1 supplier of We are particularly excited with Calisolar, an Ontario based the-art manufacturing and
solar panels in 2010, with more about some of the recent wins silicon provider, to help address testing equipment and will
than 250MW of shipments. in the project market. These this market. We have also initially focus on producing
include agreements with some opened local offices in Canada Suntech’s 280W Vd-series
To address the residential of the largest names in solar and Latin America to minimize modules, primarily used for
and commercial segments, that give us clear visibility for physical and cultural barriers commercial and utility-scale
Suntech continued to expand 80% of our shipments to the and support our exciting electricity generation.
an international sales network, utility segment in the Americas. prospects for growth.
which now incorporates close Crowning this multi-year push All modules produced at the
to 400 dealers. Due to supply into the utility solar market was In 2011, we expect solar facility will be compliant for
constraints, we were only Suntech and Zachry’s recent demand in the Americas to procurement in American
able to provide product to selection by Sempra to design more than double in size. We Recovery and Reinvestment
about 150 of these dealers in and construct a 150MW AC intend to grow our shipments Act (ARRA) projects. Suntech
2010, which means that there project in Arizona. This will in tandem and maintain market plans to expand the facility, in
is significant opportunity to involve the delivery of over share of around 20%. concert with the growing U.S.
increase market penetration. 800,000 panels from 2011 solar industry, to reach up to
through 2013. To support the expansion of 120MW of annual production
The other key market segment our business in the Americas, capacity.
is utility solar, and here Suntech We are also excited to see we opened our first U.S.
has quickly established itself the market of the Americas manufacturing plant in
as a leading player. Roughly expand beyond the United Goodyear, Arizona. With 50MW
30% of our shipments to the States and into Canada and of manufacturing capacity, the
Americas serviced this segment Latin America. The Canadian plant is five times the size of
in 2010, and we expect that province of Ontario has a our first module production
2010 CORPORATE REPORT | SUNTECH POWER HOLDINGS 13

14. Sydney Theatre Company rooftop solar system, Sydney. Photo by Grant Sparkes-Carroll.
Asia Pacific, Middle East and Africa
As solar energy becomes of our 2010 revenue from the Region as well as the world’s traditional energy sources.
increasingly affordable for Japanese market. We expect highest solar power plant Suntech is a pioneer in these
developing nations, we this figure to continue to grow in the Tibetan Autonomous markets and we were selected
expect the Asia Pacific, Middle in 2011 as Japan reconsiders Region. As we continue to to supply Thailand’s largest
East and Africa (APMEA), to its reliance on nuclear and offer our turnkey engineering solar project of 44MW in 2010.
demand greater access to our fossil fuels as a source for services that couple our high Much of Africa and South Asia
products. Leading the way electricity generation and quality solar modules with still rely heavily on diesel, peat,
in this part of the world is increases its use of renewable our in-house engineering or wood burning to generate
Japan, which has long been energy. expertise to generate the electricity and displacement
one of the largest markets most competitive levelized of these inefficient electricity
cost of energy (LCOE) for our generators represent a
customers, we are confident significant market opportunity
Long term fundamentals for solar energy
we will secure a meaningful for solar.
share of the China market.
are stronger than ever and we expect to see Across these continents,
Tropical and subtropical we are part of the bidding
widespread adoption of our products. regions through Asia, the process to supply hundreds
Middle East, Africa, and of megawatts to large scale
and a longtime proponent of China is another market which Oceana represent ideal areas projects. Due to Suntech’s
solar adoption. The Japanese has shown considerable for solar use due to their high scale, bankability and
market has traditionally potential for solar adoption levels of solar irradiation. unmatched track record,
been dominated by local that we believe will double in Projects we have supported many large scale EPCs and
companies, but through 2011 to over 1GW. Suntech in India and Thailand benefit developers are turning to
our strategic partnerships has a strong track record in from upwards of 2,000 Suntech as the reliable partner
and business development China, having built the first hours of annual sunlight of choice.
initiatives, Suntech was able utility scale solar power plant leading to an LCOE that is
to generate approximately 5% in the Ningxia Autonomous very competitive with other
14 SUNTECH POWER HOLDINGS | 2010 CORPORATE REPORT

15. Choosing Suntech — The Bankability Factor
Customers choose us because For our customers, this means upon Suntech modules to
Suntech products continue to that if they choose Suntech perform in line with our
be recognized as among the modules then they are more specifications, if not better.
most bankable in the industry. likely to receive project For a solar project that costs
With solar panels, customers financing than if they use tens of millions of dollars and
have come to realize that less-well recognized products. for which returns depend
they are buying a 25 year Secondly, it often means that on consistent power output
relationship, and not just a they are able to achieve a lower over 25 years, this is critically
product. From a financing cost of capital compared to important.
perspective, the banks know other brands. Thirdly, it means
this as well. that customers can depend
Arizona State University carport solar system, Arizona. Photo courtesy of APSES.
2010 CORPORATE REPORT | SUNTECH POWER HOLDINGS 15

16. Technology Leader
As an entrepreneurial company global R&D team comprising have the potential to scale at the tools to directly influence
in an emerging field, there are more than 450 professionals the same pace as Suntech. the quality and performance
many challenges that we face. across 4 continents. Our Cost-effective scaling of of wafers used in Suntech
How do we increase our scale? investment in R&D has grown solar will help bring solar to panels. In 2011, we expect to
How do we automate our at a compound annual growth everyone under the sun. make rapid progress on wafer
facilities? How do we enter new rate of 50% from $15mm in technology initiatives including
markets? How do we reduce 2008 to over $40mm in 2010. Along the way, we have broken wafer thickness reduction,
our cost? And the achievements of multiple world records for material composition,
the team are reflected in the leading conversion efficiency consistency, and silicon
Of all these questions, performance and quality of the on mono-crystalline and multi- recycling. All will contribute to
answering this last question is modules that we produce. crystalline substrates. better quality, lower cost and
key to the ultimate success of improved performance.
solar, and one that Suntech is All of Suntech’s R&D programs Our acquisition in 2010 of a
investing heavily in. It is clear have a clear goal – reducing silicon wafer manufacturing In the factory, we optimized our
that the answer is “innovation”. the cost of solar energy by facility will also help to manufacturing processes and
increasing the performance of accelerate our path to introduced in-house designed
Under the guidance of our solar cells and panels on readily lower cost. Since Suntech’s automation equipment
two leading scientists Dr. available substrates. Rather inception we have supported enabling us to continue
Stuart Wenham and Suntech’s than break the efficiency a specialized R&D group to reduce manufacturing
founder Dr. Zhengrong Shi, barrier with rare metals and focused on silicon wafer headcount. For example in cell
who have more than 50 years expensive manufacturing optimization. This team that manufacturing we only require
combined experience in solar processes, we aim to do the previously provided expertise 2.7 people per MW, down from
research and development, same utilizing materials that to our upstream silicon wafer 4.1 people per MW in 2008.
Suntech has assembled a are easily accessible, and which suppliers, will now have all
In cell technology, we
continued to transition
our high efficiency Pluto
ACHIEVED AND TARGET CONVERSION EFFICIENCIES technology to mass production
and produced 50MW of Pluto-
26%
Commercial Grade P-Type Mono
powered panels during 2010.
280
With cell efficiencies exceeding
260
19% for mono-crystalline cells
23% and 17% for multi-crystalline
CONVERSION EFFICIENCY
World Record 240 cells, these solar panels are
MODULES WATTS
some of the most powerful
20% 220 in the market and extremely
Power Output
(72 cell modules) attractive to our customers.
200 The increased power per
Lab square inch better leverages
17%
180 real estate and reduces balance
Pilot
of system costs, leading to
160 better returns for the investor
Large scale
14%
2008 2009 2010 2011E 2012E 2013E 2014E 2015E and a lower electricity bill for
the residential home owner. In
Consistently leading industry in conversion efficiencies achieved using commercial grade P-type mono- 2011, we intend to more than
crystalline silicon wafers.
quadruple Pluto production
and deliver this cutting-edge
16 SUNTECH POWER HOLDINGS | 2010 CORPORATE REPORT

17. ACTUAL POWER OUTPUT 6.5% HIGHER THAN PROJECTED* ACTUAL POWER OUTPUT 11% HIGHER THAN PROJECTED*
Location: Southern Europe Location: West Coast, USA
Climate: Temperate, Diffuse Climate: Temperate, Diffuse
SYSTEM DETAILS
SYSTEM DETAILS
System Size: Utility (<5 MW) System Size: Commercial (<500 kW)
Date of Commission: November 2009
Date of Commission: January 2009
Modules: STP270-24/Vd-1
STP 280-24/Vd-1 Modules: STP 210W
Inverters: SMA SMC 11000 TL Inverters: Satcon PVS135
Mounting: 30° Fixed Tilt Mounting: Rooftop Fixed Tilt
PVSYST Predicted Annual PR= 83.2% PVSYST Predicted Annual PR= 75.4%
Actual Annual PR = 84.8% Actual Annual PR = 83.7%
100% 35,000 100%
450,000
90% 90%
30,000
400,000 80%
80%
MONTHLY ENERGY (kWh)
MONTHLY ENERGY (kWh)
350,000 25,000 70%
70%
MODULES WATTS
MODULES WATTS
60%
300,000 60% 20,000
50%
250,000 50% 15,000 40%
200,000 40% 30%
10,000
30% 20%
150,000
5,000
20% 10%
100,000
10% 0 0%
50,000
9
0
9
9
9
9
9
0
0
9
9
0
0%
‘1
‘0
‘0
‘0
‘0
‘1
‘0
‘0
‘1
‘1
‘0
‘0
FEB ‘10 MAR ‘10 APR ‘10 MAY ‘10
AR
AY
V
G
CT
R
EC
N
N
B
P
L
O
AP
AU
JU
FE
SE
JA
JU
M
M
D
O
N
Adjusted PVSYST Actual Energy Performance Adjusted PVSYST Actual Energy Performance
Prediction Ratio Prediction Ratio
* PVSYST prediction adjusted to account for actual insolation and system downtime.
technology to customers the accelerate solar system PERFORMANCE IN THE FIELD and ammonia heavy farm
world over. installation, and improve safety. locations across Europe, we track
When all is said and done, it the performance of Suntech
At the module level, Suntech But our innovation is not is critical that our solar panels products in the field.
is working to create modules confined to our global R&D deliver energy as predicted
that are larger, lighter, smarter, labs. In addition to product year in, year out for at least The results speak for themselves.
and requiring fewer materials. quality and manufacturing 25 years. We need to deliver Time and again, Suntech’s
To help drive this evolution, excellence, we continued to energy to our customers as panels outperform expectations,
we collaborate with a range innovate in channel marketing, promised. That’s why we delivering more power at a lower
of technology partners that sales support, customer proactively measure the power cost. Our reputation is built upon
bring specialized expertise and service, warranty and corporate output of installations using this exceptional performance,
support. One such initiative is social responsibility, and these Suntech products in a myriad and these examples explain why
the development of a ‘smart’ remain high priorities in 2011 of environmental conditions customers partner with Suntech,
panel that has the potential and beyond. all over the globe. From the and why banks continue to
to maximize energy output sands in the Gobi Desert, to the finance Suntech-powered
under different environmental heavy snow loads in a German projects at favorable rates.
conditions, simplify and winter, to salty coastal environs,
2010 CORPORATE REPORT | SUNTECH POWER HOLDINGS 17

18. Global Vision, Global Impact
In 2010, Suntech became one of the first global solar companies to
achieve both SA8000 and OHSAS18001 certifications, representing our
world-class environmental, health and safety (EH&S) standards.
Off-grid solar project for water purification system, Congo. Photo courtesy of DynGlobal.
In 2010, Suntech shipped employees working in more environmental crisis. Youth Innovation Competition
more than seven million than a dozen countries and brought solar technology
solar panels (representing representing scores of cultures For example, we donated into thousands of classrooms
1,572MW) to individuals, and ethnicities, Suntech takes solar panels to the Sega across China reaching tens
businesses, government, and great pride in the influence Girls School in Tanzania, of thousands of students. In
communities around the world. and impact we have on where the clean electricity is addition, in June 2010, Al Gore
Our operations are helping communities and societies helping to generate a more joined Dr. Zhengrong Shi for
thousands of people to look around the world. Suntech is capable and self-sustaining the launch of our Low Carbon
up and access nature’s cleanest keenly focused on promoting generation of young women. Concept Museum at our global
and most abundant energy childhood and advanced We provided solar panels headquarters in Wuxi. The
resource. education to foster the next below cost to McNeil High exhibition has already attracted
generation of social leaders, School in Austin, Texas, where thousands of students from
But our commitment to and solar engineers. Last year, the school’s new Green Club around the world to learn the
sustainability goes well we made several strategic is educating the community intimate relationship between
beyond our products. With investments to raise awareness about our planet’s energy and energy and human civilization.
more than 20,200 global for our planet’s energy and environmental crisis. Suntech’s
18 SUNTECH POWER HOLDINGS | 2010 CORPORATE REPORT

19. We will continue to make both SA8000 and OHSAS18001 took under review… The participates in several high-
strategic investments to certifications, representing our structure is similar to ‘best profile initiatives to promote
promote education and world-class environmental, practice’ examples of other sustainable energy policies
accelerate humanity’s health and safety (EH&S) industries and shows a strategic as well as environmental and
transition towards a more standards. At the end of the interest. Our visit at Suntech climate protection. These
sustainable and responsible year, representatives from revealed high standards for platforms include the United
way of living. In that process, Murphy&Spitz, one of the most occupational health and safety, Nations Secretary-General
we don’t want to just replace experienced sustainability environmental protection and Advisory Board on Energy
old problems with new ones. investment firms in Germany, social aspects.” and Climate, the Copenhagen
We are working to create reviewed Suntech’s EH&S Climate Council, the Climate
SEGA Girls School, Tanzania. Photo by Sarah Bones.
a scalable and sustainable management systems as well This recognition has inspired Group, the Prince of Wales’
solar industry, embracing as those of other solar industry us to continue to set the bar Corporate Leaders’ Group on
our environmental and social manufacturers around the higher. In 2011, Suntech will Climate Change, Vote Solar,
responsibilities through the world. The recently-released release its first comprehensive and the Alliance for Climate
entire production lifecycle. research report, Sustainability CSR report, which will Protection. In 2010, CEO Dr.
Our goal is to get this right the and Social Responsibility of the outline our CSR standards Zhengrong Shi spoke at the
first time. Photovoltaic Industry, outlines and processes and identify Clinton Global Initiative and
global solar industry standards opportunities to improve the the World Economic Forum in
Suntech is a leader in clean and identifies opportunities sustainability of our operations. Davos, among other events,
production practices in for improvement. The We will continue to enhance the to advocate greater and
the solar industry and is comprehensive report praised efficiency of our operations to more strategic investments in
certified with the ISO14001 Suntech’s EH&S practices and reduce waste and drive down renewable energy technologies.
Environmental Management transparency: “The manner of the costs of solar electricity
System. In 2010, Suntech also presentation and transparency generation.
became one of the first global is unrivaled in comparison
solar companies to achieve to the other companies we Beyond our operations, Suntech
2010 CORPORATE REPORT | SUNTECH POWER HOLDINGS 19

20. SELECTED FINANCIAL DATA
The following selected consolidated statement of operations data for the five years ended December 31, 2010 and the consolidated balance
sheet data as of December 31, 2006, 2007, 2008, 2009 and 2010 and the summary of our consolidated statement of cash flows for the three
years ended December 31, 2010 have been derived from our audited consolidated financial statements, which have been audited by Deloitte
Touche Tohmatsu CPA, Ltd., an independent registered public accounting firm. The report of Deloitte Touche Tohmatsu CPA, Ltd. on our
consolidated financial statements as of December 31, 2006 and 2007 and for each of the three years in the period ended December 31,
2010 can be found in our annual reports on Form 20-F filed with the United States Securities and Exchange Commission. You should read
the selected consolidated financial data in conjunction with those financial statements and the related notes and “Item 5. Operating and
Financial Review and Prospects” included elsewhere in our annual reports on Form 20-F. Our consolidated financial statements are prepared
and presented in accordance with generally accepted accounting principles in the United States, or U.S. GAAP. Our historical results do not
necessarily indicate our results expected for any future periods.
YEAR ENDED DECEMBER 31,
2006 2007 2008 2009 2010
Consolidated Statement of Operations Data
(in millions, except per share and per ADS data)
NET REVENUES
PV modules 471.9 1,331.7 1,785.8 1,606.3 2,766.3
Investee companies of GSF — — — 115.8 197.4
Others — — — 1,490.5 2,568.9
Others 127.0 16.6 137.7 87.0 135.6
Total net revenues 598.9 1,348.3 1,923.5 1,693.3 2,901.9
COST OF REVENUES
PV modules 357.9 1,057.6 1,448.2 1,258.8 2,251.2
Others 92.1 16.6 132.4 95.7 146.9
Total cost of revenues 450.0 1,074.2 1,580.6 1,354.5 2,398.1
Gross profit 148.9 274.1 342.9 338.8 503.8
OPERATING EXPENSES
Selling expenses 9.0 30.6 59.3 58.9 78.7
General and administrative expenses 26.8 44.5 85.8 76.9 125.1
Research and development expenses 8.4 15.0 15.3 29.0 40.2
Provision for prepayment to affiliates — — — — 8.0
Impairment of long lived assets — — — — 54.6
Total operating expenses 44.2 90.1 160.4 164.8 306.6
Income from operations 104.7 184.0 182.5 174.0 197.2
Interest income (expense), net(1) 5.5 (18.2) (73.5) (93.7) (91.9)
Other income (expense) 0.6 (8.7) (76.7) 11.2 (94.4)
Tax benefit expense (7.2) (13.2) (1.6) (2.5) (23.8)
Net income after taxes before non-controlling interest 103.6 143.9 30.7 89.0 13.3
Equity in (loss) earnings of affiliates 1.0 (0.7) 0.3 (3.3) 250.8
Net income $ 104.6 $ 143.2 $ 31.0 $ 85.7 $ 237.9
Net loss (income) attributable to the non-controlling
1.4 2.7 1.4 (0.1) (1.0)
interest
Net income attributable to ordinary shareholders of
106.0 145.9 32.4 85.6 236.9
Suntech Power Holdings Co., Ltd.
NET INCOME PER SHARE AND ADS
— Basic $0.71 $0.96 $0.21 $0.50 $1.32
— Diluted $0.68 $0.91 $0.20 $0.50 $1.30
Shares used in computation
— Basic 148.7 151.7 154.7 169.7 179.6
— Diluted 156.1 160.2 160.3 172.5 181.6
Other Consolidated Financial Data
(in percentages)
Gross margin 24.9 20.3 17.8 20.0 17.4
Operating margin 17.5 13.6 9.5 10.3 6.8
Net margin 17.7 10.8 1.7 5.1 9.1
(1)
Includes “interest expenses” and “interest income” contained in our consolidated financial statements included elsewhere in our annual report on Form 20-F.
CONTINUED NEXT PAGE Ω
20 SUNTECH POWER HOLDINGS | 2010 CORPORATE REPORT

21. YEAR ENDED DECEMBER 31,
2006 2007 2008 2009 2010
Selected Operating Data Products sold (in MW)
PV modules 121.1 358.8 459.4 675.1 1,521.9
PV cells 38.5 4.5 35.0 6.8 17.1
Total 159.6(1) 363.3(1) 494.4(1) 681.9(1) 1,539.0(1)
Average selling price (in $ per watt)
PV modules $ 3.89 $ 3.72 $ 3.89 $ 2.40 $ 1.82
PV cells $ 3.23 $ 3.06 $ 2.84 $ 1.03 $ 1.43
(1)
In addition to the 159.6MW, 363.3 MW, 494.4 MW, 681.9 MW and 1,539.0 MW of PV cells and modules that we sold in 2006, 2007, 2008, 2009 and 2010, respectively, we also sold PV system integration services
which amounted to 0.5MW, 0.4 MW, 1.1 MW, 22.1 MW and 33.3 MW in 2006, 2007, 2008, 2009 and 2010,respectively.
AS OF DECEMBER 31,
2006 2007 2008 2009 2010
Consolidated Balance Sheet Data (in millions)
Cash and cash equivalents $ 225.5 $ 521.0 $ 507.8 $ 833.2 $ 872.5
Inventories 200.3 176.2 231.9 280.1 558.2
Accounts receivable 98.9 237.6 213.1 384.4 515.9
- Investee companies of GSF — — — 110.2 10.4
- Others 98.9 237.6 213.1 274.2 505.5
Advance to suppliers 79.4 61.4 56.9 48.8 84.4
Short-term investments — — — 200.8 —
Amounts due from related parties — current — — 101.0 185.5 55.1
Property, plant and equipment, net 113.8 293.0 684.5 777.6 1,326.2
Long-term loan to suppliers 22.2 103.3 84.0 54.7 53.0
Long-term prepayments 132.3 161.7 248.8 188.1 213.8
Amounts due from related parties deemed to be
— — 278.0 193.6 94.1
financial assets
Total assets 1,098.0 1,967.0 3,206.9 3,983.7 5,217.1
Short-term borrowings 288.2 321.2 638.5 800.4 1,400.8
Total current liabilities 356.8 478.1 976.7 1,518.1 2,370.0
Convertible notes — 423.4 812.9 516.9 551.2
Accrued warranty costs 8.8 22.5 41.4 55.2 81.0
Total Suntech Power Holdings Co., Ltd. equity 652.5 811.4 1,225.9 1,598.1 1,867.7
Total liabilities and equity $ 1,098.0 $ 1,967.0 $ 3,206.9 $ 3,983.7 $ 5,217.1
Cash Flows
The following table sets forth a summary of our cash flows for the years indicated:
2008 2009 2010
(in millions)
Net cash (used in) provided by operating activities $ (171.3) $ 292.9 $ (30.0)
Net cash used in investing activities (641.8) (441.9) (238.6)
Net cash provided by financing activities 795.2 479.4 303.0
Net increase (decrease) in cash and cash equivalents (13.2) 325.4 39.3
Cash and cash equivalents at beginning of the year 521.0 507.8 833.2
Cash and cash equivalents at end of the year $ 507.8 $ 833.2 $ 872.5
2010 CORPORATE REPORT | SUNTECH POWER HOLDINGS 21

22. Experienced International Leadership
DR. ZHENGRONG SHI MR. DAVID KING MR. DAVID HOGG
Founder, Chairman and Chief Financial Officer Chief Operating Officer
Chief Executive Officer
Before joining Suntech in 2011, Mr. King was Mr. David Hogg, the former head of Suntech’s
A global authority in the solar industry, Dr. Shi the Chief Financial Officer and Treasurer of Europe operations, has more than twenty
holds a Ph.D. in electrical engineering from Tetra Tech, Inc. (Nasdaq: TTEK), a leading years of experience in the solar industry.
the University of New South Wales in Australia provider of consulting, engineering, Before joining Suntech in 2009, he was a
and is the inventor for 15 patents in PV construction, and technical services for the founder of CSG Solar AG and led the company
technologies. He has wide ranging experience resource management and energy markets. as CEO from 2004. After graduating from
in the industry with particular expertise in Prior to Tetra Tech, Mr. King served as Vice the University of New South Wales with a
the commercialization of next generation PV President of Finance and Operations of Walt degree in mechanical engineering, Mr. Hogg
technologies such as thin film. Disney Imagineering, and earlier, as Vice joined Unisearch and was responsible for
President and Chief Financial Officer of the commercializing technologies developed by
Asia Pacific region for Bechtel Group, Inc. the university’s solar research teams.
Board of Directors Committees of the Board
DR. ZHENGRONG SHI COMPENSATION COMMITTEE
Founder, Chairman and Chief Executive Officer, Julian Ralph Worley
Suntech Power Holdings Co., Ltd. Zhi Zhong Qiu
MR. JULIAN RALPH WORLEY CORPORATE GOVERNANCE AND NOMINATING COMMITTEE
Director, ShangPharma Corporation Julian Ralph Worley
Former Director, Mandra Forestry Holdings Limited Zhi Zhong Qiu
MS. SUSAN WANG
AUDIT COMMITTEE
Director, Altera Corporation
Julian Ralph Worley
Director, Nektar Therapeutics
Susan Wang
Director, RAE Systems
Director, Premier, Inc.
MR. ZHI ZHONG QIU
Vice Chairman for Asia-Pacific and Chairman of Greater China,
Barclays Capital
Former Managing Director, ABN AMRO (Greater China)
Founder and Chairman, Dragon Advisors Limited
Chairman of DragonTech Ventures
Founder and Chairman, Quartz Capital Companies
MR. DAVID KING
Chief Financial Officer,
Suntech Power Holdings Co., Ltd.
22 SUNTECH POWER HOLDINGS | 2010 CORPORATE REPORT

23. MR. ANDREW BEEBE DR. STUART WENHAM DR. HONGKUAN JIANG
Chief Commercial Officer Chief Technology Officer Chief Human Resources Officer
Mr. Andrew Beebe joined Suntech in 2008, Dr. Stuart Wenham is a Scientia Professor With over twenty years of working experience
following the company’s acquisition of EI and also serves as director of the Centre of in human resource and related areas, Mr.
Solutions, a California-based regional solar Excellence for Advanced Silicon Photovoltaics Hongkuan Jiang joined Suntech earlier this
installer. Previously, he was the founder and Photonics, at the University of New South year as vice president of Human Resources.
of Energy Innovations, a partner at Clean Wales in Australia. He is highly respected in the Prior to Suntech, he worked as a HR manager/
Edge, a clean-tech consulting firm, and industry for his innovative solar research and director for several MNCs including General
co-founder and CEO of Bigstep, one of the for his expertise in bringing solar technology Electric, Johnson & Johnson, and GDF Suez.
world’s first small business e-commerce into commercial production. Mr. Jiang earned a PhD in international
solutions providers. Mr. Beebe holds a B.A. in political economy from York University,
government from Dartmouth College. Canada and an M.A at the Beijing Institute of
Foreign Affairs.
Corporate Information
SUNTECH HEADQUARTERS SUNTECH AMERICA NYSE Symbol: STP
9 Xinhua Road, 71 Stevenson Street, 10th Floor
New District, Wuxi San Francisco, CA 94105 Independent Registered
Jiangsu Province 214028, U.S.A. Public Accounting Firm
People’s Republic of China Tel: +1 415 882 9922 Deloitte Touche Tohmatsu CPA Ltd.
Tel: +86 510 8531 8888 Fax: +1 415 882 9923 30/F Bund Center
Fax: +86 510 8534 3049 Email: sales@suntechamerica.com 222 Yan An Road East
Customer Service Hotline: Shanghai 200002
+86 510 8531 7358 OTHER SUNTECH OFFICES WORLDWIDE People’s Republic of China
Email: sales@suntech-power.com Australia
Dubai ADR Depository Bank
SUNTECH EUROPE France BNY Mellon Shareowner Services
SUNTECH POWER INTERNATIONAL LTD. Germany P. O. Box 11258
Mühlentalstrasse 36 Greece Church Street Station
CH-8200 Schaffhausen Italy New York, NY 10286-1258
Switzerland Japan United States
Tel: +41 52 633 1290 Korea
Fax: +41 52 633 1299 Spain Investor Relations Contact
Email: sales.europe@suntech-power.com Tel: +86 510 8531 8888
Fax: +86 510 8534 3321
Email: ir@suntech-power.com
Website: www.suntech-power.com
2010 CORPORATE REPORT | SUNTECH POWER HOLDINGS 23

24. www.suntech-power.com