North Coast Solar Stocks

August 31, 2009

China Sunergy Signs 10MW of Sales Contracts With Australian Photovoltaic Firm

Filed under: CSUN — Tags: , , , — Jason @ 8:30 am

Agreement Continues China Sunergy’s Expansion into New Solar Markets

Monday August 31, 2009, 8:30 am EDT

NANJING, China, Aug. 31 /PRNewswire-Asia/ — China Sunergy Co., Ltd. (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.”

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