China Sunergy (CSUN) Gets 20 – 25MW Contract From US Firm

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11:45:09 am on February 25, 2009

China Sunergy (CSUN) has announced a new contract with an unnamed US PV firm to produce multi-silicon solar cells.  CSUN will buy silicon wafers from the US firm and in turn sell back solar cells.  The bilateral agreement is expected to begin in April.

Said CEO Wang, “The securing of this year-long agreement with our U.S. partner, especially during a period of instability within the solar sector, demonstrates that China Sunergy is able to execute on our strategy of signing financially profitable, mutually beneficial agreements with a diverse set of customers. We will continue to seek out additional suitable partners for our
advanced solar products across a wide spectrum of geographies and industry segments.”

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