China Sunergy to Supply 120 MW of PV Modules to Ecoware S.p.A

Dec 17, 2010, 07:00 ET from China Sunergy Co., Ltd.

NANJING, China, Dec. 17, 2010 /PRNewswire-Asia/ -- China Sunergy Co., Ltd. (Nasdaq: CSUN) ("China Sunergy" or the "Company") a leading solar cell and module manufacturer based in Nanjing, China, today announced that it has entered into a framework agreement with Ecoware S.p.A., a subsidiary of Kerslef Group, a leading Italian company in the integration of photovoltaic systems and solar fields of any size, both for private and industrial use. According to the terms of the agreement, China Sunergy will supply 120 megawatts (MW) of PV modules, which are branded as CEEG by China Sunergy, to Ecoware S.p.A. from the fourth quarter of 2010 to the third quarter of 2011.

The two module companies acquired by China Sunergy in this November, CEEG (Shanghai) Solar Science & Technology Co., Ltd and CEEG (Nanjing) New Energy Co., Ltd. (together "CEEG"), have built a steady supplying relationship with Ecoware S.p.A. over the past three years.

"We are very pleased to continue our partnership with Ecoware S.p.A., a loyal client of these two acquired module companies in the past and now a client of China Sunergy. The signing of the agreement will further strengthen our successful cooperation and increase our share in the Italian PV market," Mr. Stephen Zhifang Cai, CEO of China Sunergy, commented. "So far this year, China Sunergy has entered into collectively over 600 MW of PV module contracts for year 2011 delivery."  

About China Sunergy Co., Ltd.:

China Sunergy Co., Ltd. (Nasdaq: CSUN) ("China Sunergy") 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.

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For further information contact:  

Elaine Li

Senior Investor Relations Manager

China Sunergy

Phone: + (86) 25-5276-6696

Helen Jing Zhu


Phone: + (86) 10-8591-1958

SOURCE China Sunergy Co., Ltd.