China Sunergy in 120 mW deal with Ecoware
(Agencies)
2010-12-18 15:54
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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.
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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.
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