China Sunergy (CSUN) Signs Deal With Ajit Solar

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11:38:35 am on December 23, 2008

China Sunergy just announced a one-year agreement to supply India-based Ajit Solar with 2MW of multi-crystalline solar cells. Under the terms of the agreement, China Sunergy will deliver the solar cells in 2 installments, with a 5 MW delivery expected in the 1st half of the year and 7 MW expected in the second half.

China Sunergy’s CEO, Dr Allen Wang, commented on the agreement:

"Our partnership with Ajit Solar marks a significant step for China Sunergy as we venture into the growing Indian solar market. Despite the challenging market conditions, we continue to receive orders for our solar cells. We look forward to working closely with Ajit Solar and to further penetrating the Asian markets."

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