China Sunergy (CSUN) Lands 7MW Solar Module Deal For Solar Roof

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09:22:14 am on January 6, 2011

China Sunergy (CSUN) has secured a 7 MW solar module supply contract with CEEG (Nanjing) Solar Energy Research Institute, for the Nanjing South Railway Station solar roof project. It’s the world’s largest stand-alone building integrated photovoltaic (“BIPV”) project for one structure and will be one of the most energy efficient public buildings in China. The company announced a big 120MW Italian solar supply deal just a couple weeks ago.

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“China Sunergy is delighted to be the module supplier for the ‘largest stand-alone BIPV project in the world,” said Mr. Stephen Zhifang Cai, CEO of China Sunergy. “We are very happy to see our high-quality solar panels being used in this landmark project, which will certainly raise public awareness and appreciation of renewable energy. We look forward to playing an increasingly bigger role in building China’s eco-friendly projects.”

Technically, as is the case with many of the China solar stocks, CSUN is a compelling entry down here around the 200 day moving average.  It was trading slightly below this key support level a few days ago, but has reclaimed that level of support.

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