NANJING, China, October 22, 2014 – China Sunergy Co., Ltd. (NASDAQ: CSUN) (“China Sunergy” or “the Company”), a specialized solar cell and module manufacturer, today announced that the Company’s Turkey plant had completed the shipment of 39MW solar module to Third Step France ( “Third Step”), a special purpose vehicle company focusing on solar opportunities in France.
Third Step, founded in 2010, is jointly owned by Altus Energy, a project developer and Solaïs, a technical consultant, as well as Swiss Susi Partners, a socially and ecologically responsible investment fund in France. Third Step will deploy China Sunergy’s high efficient solar modules produced in Turkey for its renewable power portfolio, comprising of eight utility-scale ground-mounted solar projects (the “Projects”) across Southern France.
Matthieu Debonnet, president of Altus Energy, and Nicolas Thévenin, managing partner of Solaïs commented, “We are very pleased to partner with China Sunergy for our utility-scale projects. China Sunergy’s ability to manufacture various types of photovoltaic modules at its strategic location in Turkey provides us with a winning formula of high quality products and customer-oriented service at a reasonable price. We will broaden our go-to-market cooperation with China Sunergy to convert our project pipeline into additional wins in the near future.”
Mr. Tingxiu Lu, CEO of China Sunergy, added, “We are delighted to kickstart our strategic partnership with Third Step with a prominent contract win, demonstrating customers’ confidence in our manufacturing capability and the market’s acceptance of our “Made in Turkey” modules, while also marking another successful milestone in our continued efforts to fully ramp up production in Turkey. We will continue to execute on our strategy and operations in Turkey and anticipate capturing additional project wins and further expanding our customer base in the region and other surrounding markets.”
About China Sunergy Co., Ltd.
China Sunergy Co., Ltd. (NASDAQ:CSUN) designs, manufactures and delivers high efficiency solar cells and modules to the world from its production centers based in China and Turkey. China Sunergy also invests in high potential solar projects. Founded in 2004, China Sunergy is well known for its advanced solar cell technology, reliable product quality, and excellent customer service.
For more information, please visit http://www.csun-solar.com.
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