UPDATE 1-China Sunergy to buy two solar module cos for $47 mln
REUTERS - Solar cell manufacturer China Sunergy Co Ltd (CSUN.O) said it will acquire two Chinese solar module manufacturers CEEG Solar Science & Technology Co Ltd and CEEG New Energy Co Ltd for about $47 million, to bring polycrystalline module manufacturing in-house.
China Sunergy, based in Nanjing in eastern
China, said
bringing polycrystalline module manufacturing in-house will
help it to develop into a comprehensive solution provider. Shanghai-based CEEG Solar Science has an
annual production
capacity of 150 megawatts (MW), while Nanjing-based CEEG New
Energy has a 70 MW capacity.
