China Sunergy Co., Ltd. (Nasdaq: CSUN) ("China Sunergy" or the "Company"), a specialized solar cell and module manufacturer, announced that it held a large promotion event (the "Event") in Bangkok, Thailand today to introduce its high efficiency QSAR modules to the Thailand Provincial Electrical Authority officials, local banks as well as customers and investors, such as Thailand state owned petroleum refining and marketing company Bangchak Petroleum Public Company, Ratchaburi Electricity Generating Holding Public Company, and IRPC Public Company Limited, a fully-integrated refinery and petrochemical complex in Thailand and Southeast Asia, Kasikorn Bank, Thailand's third largest bank and other well-known local EPCs and distributors.
This Event coincides with the high profile International Exhibition of Environmental Protection and Pollution Control Technology, which is held in Bangkok and has attracted exhibitors from more than 20 countries, as well as senior government officials and executives of major international corporations. The Company's CTO, Dr. Jianhua Zhao delivered a presentation at the Event to introduce the Company's QSAR modules and recent technology developments.
Mr. Stephen Cai, CEO of China Sunergy commented, "Thailand is a market with great potential. It has a national solar target of 2GW to be installed by 2020 and a total renewable energy generation target of 25% of all energy by 2021. Our highly efficient solar modules are showing excellent temperature coefficiency performance when tested by Photon Laboratory. This results in a lower efficiency loss even in high temperature climates which particularly suits markets like Thailand."
"Considering macroeconomic and industry uncertainties, especially in the developed solar markets, we continue to further diversify our sales into emerging markets, including Thailand, Japan and China, where we believe there are great growth opportunities for China Sunergy," Mr. Cai added.
China Sunergy commenced the commercial production of QSAR modules in October 2011. During the first quarter of 2012, conversion efficiency rate of QSAR cells reached 19.1% on batch average, with the highest rate at 19.4%.
Dr. Zhao, CTO of China Sunergy commented, "QSAR modules are one of China Sunergy's most advanced high power output products. Our pioneering technology results in higher conversion efficiency, simplifies the production process, reduces operation links and narrows the distribution of conversion efficiency. The reliable quality and high efficiency of our QSAR modules translate into greater cost effectiveness and project returns for our downstream clients."
About China Sunergy Co., Ltd.
China Sunergy Co., Ltd. is a specialized manufacturer of solar cell and module products in China. China Sunergy manufactures solar cells from silicon wafers, which utilizes crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as photovoltaic effect, and assembles solar cells into solar modules. China Sunergy sells these solar products to Chinese and overseas module manufacturers, system integrators and solar power systems for use in China and many other markets. For additional information, please visit http://www.chinasunergy.com.