NANJING, China, Jan. 17,
2012 /PRNewswire-Asia/ -- China Sunergy Co., Ltd. (NASDAQ:
CSUN) ("China Sunergy" or the "Company"), a specialized solar cell
and module manufacturer, today announced that a solar PV project in
Guajarat, India including China
Sunergy's solar panels was successfully connected to the grid.
The 25 MW Project, of which 13 MW of high quality solar
modules were supplied by China Sunergy, was completed in
partnership with Visual Percept Solar Projects Pvt. Ltd ("Visual
Percept").
China Sunergy entered into its strategic partnership with Visual
Percept, one of the leading solar project developers in
India, last year. The CSUN solar
modules deployed in the newly commissioned Project were supplied to
Visual Percept in August 2011.
Stephen Cai, China Sunergy's CEO
commented, "The Indian solar industry has huge potential, and the
country is keen to expand its alternative energy usage. We
are very committed to this market, and are very pleased that this
project is now up and running, which is a testament to our reliable
product quality. China Sunergy is not only further diversifying its
geographic focus but also endeavoring to create better life for
people all across the globe with our value-added products."
"China Sunergy's high performance products and dedicated service
strongly impressed us. We look forward to working with China
Sunergy on future projects to realize India's National Solar Mission," said Mr.
Akash Bhanshali, Director of Visual
Percept's parent company.
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
utilize crystalline silicon solar cell technology to convert
sunlight directly into electricity through a process known as the
photovoltaic effect, and CSUN then assembles these solar cells into
solar modules. China Sunergy sells these solar products to Chinese
and overseas EPCs, system integrators, and solar power systems for
use in various markets. For more information, please visit our
website at http://www.chinasunergy.com.
Investor and Media Contacts:
China Sunergy Co.,
Ltd.
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Elaine Li
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Phone: + 86 25 5276
6696
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Email:
Elaine.li@chinasunergy.com
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Brunswick Group
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Hong Kong
Ginny Wilmerding
Phone: + 852 3512
5000
Email:
csun@brunswickgroup.com
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Hong Kong
Xiaoxiao Nina Zhan
Phone: + 852 3512
5000
Email:
csun@brunswickgroup.com
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Safe Harbor Statement
This announcement contains forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. All statements other than statements
of historical facts in this announcement are forward-looking
statements. These forward-looking statements are based on current
expectations, assumptions, estimates and projections about the
Company and the industry, and involve known and unknown risks and
uncertainties, including but not limited to, the Company's ability
to raise additional capital to finance the Company's activities;
the effectiveness, profitability, and the marketability of its
products; litigations and other legal proceedings, including the
ultimate outcome of any decisions by the ITC and DOC on the
petitions filed; the economic slowdown in China and elsewhere and its impact on the
Company's operations; demand for and selling prices of the
Company's products, the future trading of the common stock of the
Company; the ability of the Company to operate as a public Company;
the period of time for which its current liquidity will enable the
Company to fund its operations; the Company's ability to protect
its proprietary information; general economic and business
conditions; the volatility of the Company's operating results and
financial condition; the Company's ability to attract or retain
qualified senior management personnel and research and development
staff; future shortage or availability of the supply of raw
materials; impact on cost-competitiveness as a result of entering
into long-term arrangements with raw material suppliers and other
risks detailed in the Company's filings with the Securities and
Exchange Commission. The Company undertakes no obligation to update
forward-looking statements to reflect subsequent occurring events
or circumstances, or to changes in its expectations, except as may
be required by law. Although the Company believes that the
expectations expressed in these forward looking statements are
reasonable, they cannot assure you that their expectations will
turn out to be correct, and investors are cautioned that actual
results may differ materially from the anticipated results.
SOURCE China Sunergy Co., Ltd.