Solar

China Sunergy Announces 22-MW Deal with Solarwatt AG

China Sunergy Co. Ltd. announced that it has entered into an agreement with Solarwatt AG, to provide 22 megawatts (MW) of solar cells over the course of 2009.

According to the signed contract, China Sunergy will supply Solarwatt with high efficiency mono-crystalline solar cells at fixed prices, starting in January of 2009 and continuing at a consistent level through out the year, for a total delivery volume of 22 MW.

“I am pleased to have signed this agreement with Solarwatt, a leading firm within one of the most dynamic solar markets in the world,” said Dr. Allen Wang, CEO of China Sunergy. “Despite the recent uncertain sales environment, we have been successful in securing important sales agreements with leading companies in key markets, and we remain well positioned to benefit as further clarity returns to the market.”