Energy

China Sunergy in 120 mW deal with Ecoware

(Agencies)
Updated: 2010-12-18 15:54

Solar cell maker China Sunergy Co Ltd said it will supply 120 megawatts of photovoltaic modules to Italy's Ecoware between the current quarter and the third quarter of next year.

Related readings:  China Sunergy profit beats, says demand improving  China Sunergy to sell $45m in notes

China Sunergy said it has, so far this year, entered into over 600 megawatts (mW) of module supply agreements for 2011 delivery.

Sales of solar equipment have jumped this year as buyers rush to build projects ahead of declining subsidies in major European markets, including Germany -- the world's largest solar market -- Italy and France.

China Sunergy said in November it expects to reach 400 mW of solar cell capacity by 2010-end and module capacity of 680 mW by the end of first quarter 2011.

The company's shares, which have traded flat in the last 3 months, edged up in pre-market trade to $4.43 on Friday.

They closed at $4.35 on Thursday on Nasdaq.