China Sunergy Co., Ltd.
(Nasdaq: CSUN), a solar cell manufacturer based in Nanjing, China, has signed a series of sales contracts with NUE PTY
Ltd (NU Energy), a photovoltaic firm based in Victoria, Australia.
The contracts are the first in Australia for China Sunergy.
The company expects to ship up to a total of 10 megawatts (MW) 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.
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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