China Sunergy Co., Ltd. (CSUN) Inks 7-Year Solar Cell Sales Deal
China Sunergy Co., Ltd. (CSUN), a manufacturer of monocrystalline solar cells in China, announced this morning that it has signed a seven-year sales contract with Wuxi Guofei Green Energy Source Co., Ltd., a Chinese solar energy company. Under terms of the agreement, China Sunergy will supply Wuxi Guofei with 10 MW of solar cells each year from 2009 through 2015, and China Sunergy will receive an advance payment before the initial shipment. “This represents a significant domestic sales agreement for China Sunergy and secures a long-term demand for our monocrystalline cells,” commented Dr. Ruennsheng Allen Wang, Director and CEO of…