Suntech Power Holdings Co., Ltd. (NYSE: STP), announced to develop a 10MW solar installation in Tibetan.
Tibet, the mountainous country relied heavily on hydroelectric resources, for much of its baseload power production. But, in recent years the changes in climate have caused more frequent droughts and reduced water volumes in hydroelectric reservoirs. These changes have led to peak power shortages that are an impediment to the region's continued economic growth. Tibet is extensively supported by one of the largest producer of solar panels i.e Suntech Power Holdings Co., Ltd., in the electric production units of Tibet through renewable energy and specifically through Solar energy. Over the last few years, Suntech has donated more than fifty independent solar systems for schools, community centers, and houses throughout the region. Suntech has been active in rural electrification projects in Tibet.
