omniture

China Sunergy to Sponsor and Speak at the 2nd India Solar Energy Summit

2012-02-21 18:30 692

NANJING, China, February 21, 2012 /PRNewswire-Asia/ -- China Sunergy Co., Ltd. (Nasdaq: CSUN) ("China Sunergy" or the "Company"), a specialized solar cell and module manufacturer, today announced that the Company is a platinum sponsor of the 2nd India Solar Energy Summit (the "Summit") to be held on February 23 and 24, 2012 in New Delhi. Stephen Cai, CEO of China Sunergy, will speak at noon on February 23, 2012 to the Summit audience, which will include solar developers, solar solution providers, Indian government agencies, and other key players in the industry. As one of the leading Chinese solar module suppliers in India, China Sunergy is in a good position to reflect on the growth opportunities in the Indian market, which is an important part of the Company's future business development.

With its vast size and tropical climate, India offers huge potential for solar power generation. India receives approximately 3,000 hours of sunshine every year, equivalent to over 5,000 trillion kWh, according to government estimates. India's solar PV market grew by 75% in 2010 and 50% in 2011. In addition, the Indian government's Jawaharlal Nehru National Solar Mission (JNNSM), with its strong support and incentive policies, is evidence of India's determination to become a global leader in solar energy adoption. Chinese manufacturers including CSUN have played a major role in supplying technologically advanced and good quality modules to build up India's installed solar capacity.

The 2nd India Solar Energy Summit is a key forum for informative and inspiring discussions pertaining to India's current needs and its ambitious future. In the Summit, there will be presentations addressing various topics such as India's roadmap to global solar leadership, energy security, government policy support, experience from India's early years in the solar industry, technological and operational challenges, financing alternatives, ways of cooperating with overseas suppliers and governments, and examples of best practices at national and state level to promote solar energy.

Stephen Cai, CEO of China Sunergy, expressed: "We are excited to participate in the Summit as a sponsor and keynote speaker. The event offers us a good chance to strengthen relationships with industry leaders and relevant government officials in India and to demonstrate how committed we are to helping India achieve its goal of being a world leader in solar energy. China Sunergy, which has already supplied panels to two of the biggest solar projects in Gujarat, India, is fully committed to growing our market share in India and ensuring that we are the first choice for developers in India."

About China Sunergy Co., Ltd.

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

Investor and Media Contacts:

China Sunergy Co., Ltd.


Elaine Li

Phone: + 86 25 5276 6696

Email: Elaine.li@chinasunergy.com




Brunswick Group


Hong Kong

Ginny Wilmerding

Phone: + 852 3512 5000

Email: csun@brunswickgroup.com

Hong Kong

Xiaoxiao Nina Zhan

Phone: + 852 3512 5000

Email: csun@brunswickgroup.com




Safe Harbor Statement

This announcement contains 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 ability to raise additional capital to finance the Company's activities; the effectiveness, profitability, and the marketability of its products; litigations and other legal proceedings, including the ultimate outcome of any decisions by the ITC and DOC 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, the future trading of the common stock of the Company; the ability of the Company to operate as a public Company; 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, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

Source: China Sunergy Co., Ltd.
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