China Sunergy delivers 50 MW to Bulgaria

Frankfurt, Germany/Nanjing, China - China Sunergy announced that it had agreed to supply 50MW in multi-crystalline PV modules to its Bulgarian partner V2M and its affiliates, for projects in Romania and Macedonia, in the third and fourth quarters of 2012.

V2M recently completed its 2.2 MW Orlova Mogila solarpark project near Dobritsch on Bulgaria's Black Sea coast, with modules supplied by China Sunergy. Together with its partners including V2M, China Sunergy has made solid progress in expanding its market share in Eastern Europe. With regard to the 50MW projects in Romania and Macedonia, V2M is to be responsible for the project development and EPC contracting. V2M has secured project and bridge financing from Japanese-Bulgarian Tokuda Bank.

Valeri Yankov, Managing Director of V2M., commented on its relationship with China Sunergy, "We are delighted by the level of professional support provided by China Sunergy and by the high quality of CSUN photovoltaic modules. The modules installed in our Orlova Mogila solar park project are already performing above expectations in the first few days after installation."

Source: IWR Online, 10 Aug 2012