China Sunergy Expands Market Share in Germany with a 23 MW Sale to SUNfarmingBy China Sunergy Co. Ltd., PRNE
Thursday, October 27, 2011
NANJING, China, October 28, 2011 -
China Sunergy Co., Ltd. (Nasdaq: CSUN) (”China Sunergy” or “The Company”), a specialized solar cell and module manufacturer, today announced that it agreed to supply 23 MW of solar modules to German solar distributor and project developer SUNfarming Group.
SUNfarming Group will use CSUN modules to design and mount customized PV systems for commercial and residential ground mount and rooftop projects, mostly in North and East area of Germany. Over 18 MW of the CSUN modules sold will be used in ground mount projects and others will be used in rooftop projects. CSUN will deliver the 23MW modules within the fourth quarter of 2011.
“China Sunergy’s high quality solar panels, backed-up by thorough after-sales service and insured guarantees, enable to meet our needs and protect our investments.” said Martin Tauschke, CEO of SUNfarming Group. He added: “China Sunergy is an extremely reliable supplier. We value this relationship and will seek more opportunities to use CSUN panels in future projects. “
Stephen Cai, CEO of China Sunergy, commented: “This is an important sale for China Sunergy because it signals that, despite industry uncertainty, we have the opportunity to grow market share in Germany. We began to sell modules to SUNfarming Group as early as 2007 and we are very pleased to sign this additional 23 MW contract now. Germany will remain a very important market for us.”
About China Sunergy Co., Ltd.
China Sunergy Co., Ltd. is a specialized manufacturer of solar cell and module products in China. China Sunergy manufactures solar cells from silicon wafers, which utilize crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect, and assembles solar cells into solar modules. China Sunergy sells these solar products to Chinese and overseas module manufacturers, system integrators, and solar power systems for use in various markets. For more information, please visit our website at www.chinasunergy.com.
Investor and Media Contacts: China Sunergy Co., Ltd. Elaine Li Phone: +86-25-5276-6696 Email: Elaine.email@example.com Brunswick Group Hong Kong Hong Kong Ginny Wilmerding Annie Choi Phone: +852-3512-5000 Phone: +852-3512-5000 Email: firstname.lastname@example.org Email: email@example.com
Tags: China, China Sunergy Co. Ltd., Germany, Nanjing, October 28