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China Sunergy Co. (CSUN) Executes Sales Contract With Bull PowerTech

|Includes: China Sunergy Co., Ltd. (CSUN)

China Sunergy Co., Ltd., a specialized solar cell and module manufacturer, recently announced that it has executed a 50-MW sales contract with Bull PowerTech GmbH. The contract concerns projects in Europe; the shipment is expected to be fully completed by the end of 2012.

Bull PowerTech is a renewable energy company focused on photovoltaics. A 100% subsidiary of Bull Holding AG, the company plans and installs large solar parks and works with leading suppliers to create turn-key solar kits with individually coordinated components. Bull PowerTech has built up a high profile and stable customer base in the European Market.

Manuel Thaler, Bull Holding COO, remarked, "We are highly satisfied with China Sunergy's product quality, technologies and services after visiting their manufacturing plants. We only work with first class manufacturers with the best technologies and under the strictest quality controls. By partnering with China Sunergy, we are confident that we are able to meet the needs and requirements of our demanding clients."

Stephen Cai, CEO of China Sunergy, added, "We are happy to start the year with this high volume contract. Bull PowerTech is just the type of reputable and creditworthy customer that we most like to work with in the PV industry. We value this relationship and will seek more opportunities to cooperate with Bull PowerTech to expand our market share in the future."

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