China Sunergy Co., Ltd. (NASDAQ: CSUN) ("China Sunergy" or "the Company"), a specialized solar cell and module manufacturer, today announced that the Company has signed two solar module supply contracts totaling 9.9MW with Bester Generacion ("Bester Generacion"), an engineering, procurement and construction (EPC) company headquartered in Spain. The solar modules will be supplied from the Company's Turkey plant to Romania in September 2013.
Bester Generacion focuses on promoting, engineering, constructing, operating and maintaining renewable energy projects globally, using technologies such as photovoltaic, biomass, wind, solar thermal and mini-hydraulic. Over the past few years, Bester Generacion had developed solar projects totaling approximately 250MW throughout Europe, and currently has project pipeline all over the world. Bester Generacion will deploy China Sunergy's multi-crystalline modules in the two ground-mounted projects in Romania.
"We enjoy our cooperation with China Sunergy," said Mr. Antonio Macias Sanchez, CEO of Bester Generacion. "The high quality, excellent service, and technical expertise impressed us. We are actively discussing additional cooperation with China Sunergy, and with our global pipeline of solar projects, we look forward to combining both parties' extensive ecosystems to offer all-in-one solutions that include design, engineering, installation, service and financing."
Mr. Stephen Cai, CEO of China Sunergy, commented, "We are pleased to partner with Bester Generacion in Romania, and elsewhere in Europe. Endowed with good insolation level and supported by the government's green certificates incentives, the solar market in Romania has grown steadily over the past two years and should continue to offer attractive opportunities in the future. We intend to leverage our manufacturing capacity in Turkey, as we expand our collaboration with Bester Generacion to capture a greater share of the global solar market."