China Sunergy Announces Agreement with asola

China Sunergy Co., Ltd. (Nasdaq: CSUN) will supply asola Advanced and Automotive Solar System GmbH with 10.2 megawatts of solar cells in 2008 under a new purchase agreement.

Allen Wang, CEO of the Nanjing, China-based China Sunergy said, "Following the recent aleo & CSI sales agreements, I am pleased to announce that we have made further in-roads into the European solar market and diversified our customer base. I believe that our European customers have been extremely satisfied with the standard of our solar cell products and look forward to further expanding our European footprint."

Reinhard Wecker, CEO and President of the German module manufacturing company asola, added: "I am very glad to have found China Sunergy who I view as a valuable partner for our 2008 expansion plans and beyond. As we look to develop our business in new markets such as the US, Italy and Spain we would like to double or even triple our purchase volumes from China Sunergy each year."

Both parties say they will explore the possibility of further cooperation between 2009 and 2012.

About China Sunergy Co., Ltd.:

China Sunergy Co., Ltd. manufactures solar cells from silicon wafers utilizing crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect. China Sunergy sells solar cell products to Chinese and overseas module manufacturers and system integrators, who assemble solar cells into solar modules and solar power systems for use in various markets.