China Sunergy Announces Sales Agreement with Solarwatt AG
China Sunergy to Provide 22MW of Solar Cells to the German Module Manufacturer
NANJING, China, Dec. 10, 2008
Source: China Sunergy Co Ltd, press release
China Sunergy Co., Ltd. (Nasdaq: CSUN), a specialized solar cell manufacturer based in Nanjing, China, today announced that it has entered into an agreement with Solarwatt AG, a leading manufacturer of solar modules in Germany, to provide 22MW of solar cells over the course of 2009.
According to the signed contract, China Sunergy will supply Solarwatt AG with high efficiency mono-crystalline solar cells at fixed prices, starting in January of 2009 and continuing at a consistent level through out the year, for a total delivery volume of 22MW.
“I am pleased to have signed this agreement with Solarwatt, a leading firm within one of the most dynamic solar markets in the world,” remarked Dr. Ruennsheng Allen Wang, Director and CEO of China Sunergy. “Despite the recent uncertain sales environment, we have been successful in securing important sales agreements with leading companies in key markets, and we remain well positioned to benefit as further clarity returns to the market.”
About China Sunergy Co. Ltd
China Sunergy Co., Ltd. (Nasdaq: CSUN) (“China Sunergy”) is a specialized manufacturer of solar cell products in China. China Sunergy manufactures solar cells from silicon wafers utilizing crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect. China Sunergy sells solar cell products to Chinese and overseas module manufacturers and system integrators, who assemble solar cells into solar modules and solar power systems for use in various markets. For more information please visit http://www.chinasunergy.com .