China Sunergy Co., Ltd. (NASDAQ: CSUN) ("China Sunergy" or "the Company"), a specialized solar cell and module manufacturer, today announced that its wholly-owned subsidiary, China Sunergy (Nanjing) Co., Ltd. ("China Sunergy Nanjing") has entered into a solar cells supply agreement with Solar Park Korea ("Solar Park").
Under the terms of the agreement, China Sunergy Nanjing will provide up to 81MW of the Company's poly-silicon cells for Solar Park's modules production and downstream applications.
Hyunwoo Park, Chairman and CEO of Solar Park, said, "We are pleased to partner with China Sunergy, a proven technology innovator in the solar industry. After significant due diligence and evaluation of solar cells providers, we concluded that China Sunergy, with its ability to deliver the highest quality solar cells at competitive prices, is the best choice for our needs. We look forward to closely working with China Sunergy in our global expansion."
Mr. Tingxiu Lu, Chairman and CEO of China Sunergy, commented, "We are delighted to be selected as a solar cells supplier to Solar Park, a leading high-tech enterprise committed to delivering quality solar modules and related services. We believe that the combination of our diversified product offerings, continual conversion efficiency improvements, and worldwide distribution reach provides a strong platform for both parties' global business development. We are confident that our collaboration with Solar Park will prove mutually beneficial."
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