China Sunergy Co., Ltd. (Nasdaq: CSUN) ("China Sunergy" or the "Company"), a specialized solar cell and module manufacturer, today announced that the Company had shipped 72KW multi-crystalline solar modules early this month to Carillion Construction Ltd. ("Carillion Construction"), a UK-headquartered multinational company dedicated to sustainable and green energy projects.
China Sunergy's solar modules would be installed in a trial project of Emrill, in Dubai, United Arab Emirates. Emrill is one of the leading integrated facilities management companies in the United Arab Emirates, and an affiliate company of Carillion Construction. This project would mark China Sunergy's first shipment into the United Arab Emirates.
With its rich solar irradiation and government support policies, such as incentives to utilities and renewable energy targets, United Arab Emirates is one of the most promising emerging solar markets in the world. In 2011, the Dubai Supreme Council of Energy announced the "Dubai Integrated Energy Strategy 2030," under which Dubai targets to achieve 1% and 5% of energy supplies from renewable energy sources, mostly solar energy by 2020 and 2030, respectively. In January 2012, Dubai also launched a US$3.27 billion solar initiative, for a solar park which will reach a projected total operational capacity of 1GW by 2030. This represents tremendous opportunities considering Dubai is presently almost 100% dependent on natural gas for electricity generation.
Mr. Matt Parr, project manager for Carillion Construction Ltd. noted, "Since the commencement of our business relationship with China Sunergy this year, we have been very satisfied with the quality and high efficiency of China Sunergy's solar modules and impressed by its after-sales service. With business continually expanding in the Dubai solar market, we are confident that both companies will grow together and further explore opportunities in other markets."
Mr. Stephen Cai, CEO of China Sunergy commented, "We are pleased to deepen our partnership with Carillion Construction. Dubai solar market possesses excellent growth potential. Our strategic move into the United Arab Emirates solar market is crucial for China Sunergy amid current macroeconomic and industry uncertainties. This also demonstrates our commitment to continuously diversifying our revenue and growth base with trustworthy partners."