China Sunergy breaks into Italian market with 53MW framework agreement

Facebook
Twitter
LinkedIn
Reddit
Email

China Sunergy Co., Ltd. has signed a 6-year framework agreement with Renergies Italia for delivery of 53MW of solar cells. The framework agreement includes a 3MW solar cell sales contract for delivery during 2009. The remaining 50MW will be conveyed to the Italian module manufacturer between 2010 and 2014, with each year seeing between 5 and 15MW of solar cells changing hands.

The agreement’s general nature means that the two companies must negotiate each sale contract of the remaining 50MW separately. It marks the first partnership on the part of China Sunergy in Italy.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“An important part of China Sunergy’s growth strategy has been the development of new partnerships with industry leaders across diverse geographies”, commented Dr. Ruennsheng Allen Wang, Director and CEO, China Sunergy. “This agreement demonstrates our ability to execute on both of those initiatives despite the challenging sales environment. We are excited to have a strong partner in Renergies Italia, and to have signed this important framework agreement and sales contract in a new solar market for China Sunergy.”

Read Next

Sponsored
July 12, 2024
PV Tech spoke with Helena Li at the Intersolar Europe 2024 event, about how Trina is looking to ensure effective operations.
July 12, 2024
Canadian asset owner Brookfield has acquired a majority stake in Indian clean power company Leap Green Energy in a US$200 million equity investment.
July 12, 2024
China started conducting a trade and investment barrier investigation on the measures used in the EU’s Foreign Subsidies Regulation (FAR).
Premium
July 12, 2024
Even though the solar PV market in Ecuador is currently non-existent, with only a few projects operational and mostly in the distributed generation market, it is about to take off, says José Luis García Pérez, Latin America’s CEO at Spanish developer Zelestra, formerly known as Solarpack.
July 12, 2024
Swiss Utility BKW Energie AG has sign a power purchase agreement with food and beverage company Nestlé in Germany.
July 12, 2024
IRENA has found that the world’s renewable power capacity will need to increase by 16.4%, year-on-year, to meet the world’s climate targets.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 31, 2024
1:00 PM (BST) / 2:00PM (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA
Solar Media Events
October 15, 2024
Santiago, Chile