China Sunergy Co., Ltd.: Sales Agreement With Ajit Solar

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China Sunergy Signs Sales Agreement With Ajit SolarSignifying the Company's first move into the Indian solar market

NANJING, China, Dec. 23 / China Sunergy Co., Ltd., a specialized solar cell manufacturer based in Nanjing, China, today announced that it has entered into a one-year agreement with Ajit Solar Pvt Ltd ("Ajit Solar"), a privately-owned module manufacturer based in Jaipur, India.


Under the terms of the agreement, China Sunergy will supply and deliver a total volume of 12MW of multi-crystalline solar cells. It is expected that China Sunergy will deliver 5MW to Ajit Solar in the first half of the year, and the remaining 7MW in the latter half.

Commenting on the agreement, CEO of China Sunergy, Dr. Allen Wang, said: "Our partnership with Ajit Solar marks a significant step for China Sunergy as we venture into the growing Indian solar market. Despite the challenging market conditions, we continue to receive orders for our solar cells. We look forward to working closely with Ajit Solar and to further penetrating the Asian markets."


Located in Jaipur, India, Ajit Solar is a privately owned company of the Gehlot Group which manufactures world class photovoltaic modules.


About China Sunergy Co. Ltd.

China Sunergy Co., Ltd. (Nasdaq: CSUN) ("China Sunergy") is a specialized manufacturer of solar cell products in China. China Sunergy manufactures solar cells from silicon wafers utilizing crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect. China Sunergy sells solar cell products to Chinese and overseas module manufacturers and system integrators, who assemble solar cells into solar modules and solar power systems for use in various markets. For more information please visit http://www.chinasunergy.com .



    For further information, contact:

     FD
     Peter Schmidt
     Tel:   +86-10-8591-1953
     Email: peter.schmidt@fd.com

SOURCE  China Sunergy Co. Ltd.
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