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Suntech signs MOU to build solar power plants in S.Africa

HONG KONG (Reuters) - Suntech Power Holdings Co Ltd, China's largest maker of photovoltaic solar panels, has signed a deal to develop solar plants in South Africa with a total capacity of up to 100 megawatts, a spokesman said on Thursday.

HONG KONG (Reuters) - Suntech Power Holdings Co Ltd, China's largest maker of photovoltaic solar panels, has signed a deal to develop solar plants in South Africa with a total capacity of up to 100 megawatts, a spokesman said on Thursday.

The non-binding memorandum of understanding had no financial terms, Rory Macpherson, Suntech's director of investor relations, told Reuters, declining to name the South African company involved in the project.

"We're exploring developments of solar projects with an unnamed solar firm," Macpherson said.

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