The rapid expansion of solar power around the globe filled the sails of Suntech, the world’s largest PV module maker, through the first three quarters of 2008.

The firm’s full-year shipments of solar products for the year grew 36% to 497.5MW. It has also reached the milestone of having an annual production capacity in excess of 1GW.

But while sales boomed through the first nine months of 2008, the company began feeling the effects of the financial crisis by the fourth quarter.

Suntech’s