NANJING, China, Aug. 6,
2015 /PRNewswire/ -- China Sunergy Co., Ltd. (NASDAQ: CSUN)
("China Sunergy" or "the Company"), a specialized solar cell and
module manufacturer, today announced that its subsidiary,
CSUN-Solar International Limited, specialized in engineering,
procurement, and construction ("EPC") service and project
development, has entered into an EPC agreement with YH Green Energy
Incorporated, a Philippine-based green energy developer for the
construction of a 14.5 MW solar power project. The construction of
the project will begin in the third quarter of 2015, and is
expected to be fully operational in the first quarter of 2016.
Mr. Tingxiu Lu, Chairman and CEO
of CSUN commented, "We are delighted to cooperate with YH Green
Energy on the construction of the solar power project. We believe
that this transaction demonstrates our solar project experience,
expansion in the south-east Asia
market as well as our capability of providing solar energy
solutions on a global basis, which positions us well in the steady
growth of green energy industry in the years to come."
About China Sunergy Co., Ltd.
China Sunergy Co., Ltd. (NASDAQ:CSUN) designs, manufactures and
delivers high efficiency solar cells and modules to the world from
its production centers based in China and Turkey. China Sunergy also invests in high
potential solar projects. Founded in 2004, China Sunergy is well
known for its advanced solar cell technology, reliable product
quality, and excellent customer service.
For more information, please visit
http://www.csun-solar.com.
Investor and Media Contacts:
China Sunergy Co., Ltd.
Wang
Zhuo
|
Phone: + 86 25 5276
6696
|
Email:
ir@chinasunergy.com
|
Asia Bridge Group Limited
Wendy Sun
Phone: + 86 10 8556
9033
Email:
wendy.sun@asiabridgegroup.com
|
Safe Harbor Statement
This announcement may contain 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 failure
to maintain its listing qualification due to, among other things,
volatility in the Company's ADS price; the Company's ability to
raise additional capital or renew existing bank borrowings as they
become due to finance the Company's activities; the Company's
customers' financial condition and creditworthiness, and their
ability to settle accounts receivables; the effectiveness,
profitability, and the marketability of its products; litigations
and other legal proceedings, including any decisions by the US
International Trade Committee and Department of Commerce 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, execution of our strategy to expand into
downstream solar power businesses, the future trading of the common
stock of the Company; the ability of the Company to operate as a
public company; the Company's ability in maintaining its liquidity;
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, it cannot assure you that its expectations will turn
out to be correct, and investors are cautioned that actual results
may differ materially from the anticipated results.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/china-sunergy-won-an-epc-agreement-for-the-construction-of-a-145-mw-solar-power-project-in-the-philippines-300124679.html
SOURCE China Sunergy Co., Ltd.