China Sunergy Further Expands Market Share in Germany by Executing A 50 MW Contract with Bull PowerTech GmbH
The contract is for projects in Europe, and the shipment is expected to be fully completed by the end of 2012.
NANJING, China, Feb. 14, 2012 -- China Sunergy Co., Ltd. (Nasdaq: CSUN) ("China Sunergy" or the "Company"), a specialized solar cell and module manufacturer, today announced the execution of a 50 MW sales contract with Bull PowerTech GmbH ("Bull PowerTech"). The contract is for projects in Europe, and the shipment is expected to be fully completed by the end of 2012.
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Bull PowerTech GmbH, a 100% owned subsidiary of Bull Holding AG, is a renewable energy company with a focus on photovoltaics. Founded in 2006 and headquartered in Lenzing, Austria, Bull PowerTech plans and installs large solar parks and works with leading suppliers to create turn-key solar kits with individually coordinated components. Widely known in the European market, Bull PowerTech has built up a high profile and stable customer base.
"We are highly satisfied with China Sunergy's product quality, technologies and services after visiting their manufacturing plants," said Manuel Thaler, founder and COO of Bull Holding AG. "We only work with first class manufacturers with the best technologies and under the strictest quality controls. By partnering with China Sunergy, we are confident that we are able to meet the needs and requirements of our demanding clients."
Stephen Cai, CEO of China Sunergy, commented: "We are happy to start the year with this high volume contract. Bull PowerTech is just the type of reputable and creditworthy customer that we most like to work with in the PV industry. We value this relationship and will seek more opportunities to cooperate with Bull PowerTech to expand our market share in the future."
About China Sunergy Co., Ltd.
China Sunergy Co., Ltd. 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. For more information, please visit our website at http://www.chinasunergy.com.
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