China Sunergy Opens U.S. Headquarters in San FranciscoBy China Sunergy Co. Ltd., PRNE
Wednesday, July 13, 2011
NANJING, China and SAN FRANCISCO, July 14, 2011 -
Willis He as CEO
China Sunergy Co., Ltd. (Nasdaq: CSUN) (”China Sunergy” or “The
Company”), a specialized solar cell and module manufacturer, today
announced the opening of its U.S. headquarters China Sunergy (US)
Clean Tech Inc. in San Francisco. San Francisco Mayor Edwin
M. Lee, China Sunergy Chairman Mr. Tingxiu Lu, and China Sunergy
CEO Stephen Cai officially opened the new headquarters office at an
opening ceremony and reception on July 14, 2011.
“The U.S. will eventually become one of the largest solar
markets in the world,” declared Stephen Cai, the CEO of China
Sunergy, in his speech at the event. ”We will invest in the
U.S., hire people in the U.S., and serve customers in the U.S.,
under the CSUN brand name. Our strategy is to localize as
much as possible.”
China Sunergy’s U.S. operations will be managed by a newly
appointed U.S. CEO, Mr. Willis He, who will be based in San
Francisco. Mr. He, who has over 13 years studying and working
experience in the U.S., joins from MEMC Electronic Materials, a
publicly listed global leader in the manufacture and sale of wafers
to the solar and semi-conductor industries. As a solar sales
director, Mr. He worked closely with many solar cell and module
companies to develop and expand MEMC’s China business. Mr. He
holds a M.B.A. from Olin School of Business, Washington University
in St. Louis.
“Willis will lead our local recruitment efforts, pursue
bankability status with U.S. banks, investigate U.S. manufacturing
and project development opportunities, and be the public face of
our company in America. This is the right time and the right
place for China Sunergy to enter this growing market,” added
Although later to develop than Europe, solar markets in the U.S.
are entering a period of rapid growth due to strong consumer demand
for green energy and more financial incentives from federal and
state governments and utility companies. 2010 saw installed
photovoltaic capacity in the U.S. increase by over 100%. Of
that total, 28% was completed in the state of California, according
to a report released in June by the Interstate Renewable Energy
“We are thrilled that China Sunergy has chosen San Francisco for
its North American headquarters location,” said Mayor Lee. “As
leading Chinese businesses, such as China Sunergy, grow in the
international cleantech market, San Francisco enthusiastically
Chairman Lu remarked, “Despite the recent ups and downs in the
worldwide solar industry, we are still confident in its future
development. The establishment of our U.S. branch is a
demonstration of our commitment to and confidence in the U.S.
market. With the hard work and efforts of our employees,
China Sunergy will deliver an outstanding performance in the U.S.
The contact details for the new office are:
China Sunergy (US) Clean Tech Inc.
575 Market Street, 37th floor
San Francisco, CA 94105
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 href="www.chinasunergy.com/">www.chinasunergy.com.
Investor and Media Contacts:
China Sunergy Co., Ltd.
Xiaoxiao Nina Zhan
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