China Sunergy to supply 22 MW of solar PV cells to Solarwatt

China Sunergy will supply 22 MW of solar photovoltaic cells to German module manufacturer Solarwatt under the terms of a deal signed by the two companies. Sunergy will provide the cells consistently over the course of 2009.

The Chinese company says that it will start shipping high-efficiency monocrystalline solar cells at fixed prices to the German firm in January, and continue shipments at a consistent level throughout the year until the terms of the contract have been met.

"I am pleased to have signed this agreement with Solarwatt, a leading firm within one of the most dynamic solar markets in the world," said Ruennsheng Allen Wang, director/CEO of China Sunergy. "Despite the recent uncertain sales environment, we have been successful in securing important sales agreements with leading companies in key markets, and we remain well-positioned to benefit as further clarity returns to the market."

In its recent third-quarter financial report, Sunergy said it produced 35.7 MW of cells at its factories during the period and shipped 34.1 MW, of which 34% were high-efficiency cells.

It also cited about 4 MW of order cancellations toward the end of the quarter and reduced its production outlook for the fourth quarter to the 15-20-MW range. This adjustment, the company said, will bring its annual production totals to between 107 MW and 112 MW, of which about 44 MW will consist of high-efficiency products.

The company also said its four new selective-emitter high-efficiency PV cell production lines should be operational by January, which will bring its total number of SE lines to five.