aleo solar AG has entered into a supply agreement with China Sunergy
Co. Ltd. (Nasdaq: CSUN) for at least 30 megawatts of solar cells to be
delivered in 2008. The first 10 MW are to be delivered in the first
half of 2008.
The price for the second delivery of 20 MW in the
second half of 2008 will be decided by March 2008. The agreement also
includes an option for a further 10 MW that is expected to be finalized
by the end of June 2008.
modules are premium modules that were awarded top rating by the German
product testing foundation Stiftung Warentest last year,” noted Jakobus
Smit, CEO of aleo solar AG. “Quality is the standard by which we also
measure our suppliers. After the in-depth evaluation of China Sunergy’s
solar cells in 2006, we have now decided to enter into a supply
agreement that represents a further element in our strategy for organic