Sunergy Signs 10MW Deal With Australian PV Firm NU Energy
China Sunergy Co., Ltd. (Nasdaq: CSUN), a specialized solar cell manufacturer based in Nanjing, China, today announced that it has signed a series of sales contracts with NUE PTY Ltd ("NU Energy"), a photovoltaic firm based in Victoria, Australia. China Sunergy expects to ship up to a total of 10MW of monocrystalline solar modules, which are manufactured under sub-contracted OEM arrangement, to NU Energy, with partial shipments having begun in June 2009 and the full delivery under these contracts scheduled to be completed by early 2010 with ongoing contracts anticipated.
"Australia represents another new market for China Sunergy, and our
successful signing of multiple sales agreements with this new customer is a
positive indication of our ability to deliver high-quality solar power
products globally," commented Dr. Ruennsheng Allen Wang, Director and CEO of
China Sunergy. "Our dedicated sales efforts continue to generate results, both
domestically and internationally, as we look to further diversify our sales
channels."
NU Energy Chief Executive Officer Simon Schauble said, "NU Energy is one
of Australia's largest solar companies, and these orders, totalling 10MW, show
the strong confidence we have in our ongoing partnership with China Sunergy."
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.
SOURCE: China Sunergy
