China Sunergy Signs Supply Contract in Netherlands

China Sunergy

today announced that the Company had signed a supply contract for residential roof-top projects in the Netherlands with Oskomera Solar Power Solutions B.V. (OSPS), one of the leading PV-system integrator for large scale photovoltaic (PV) projects, wholesales and high volume realization of residential systems in Europe. OSPS focuses on large scale PV projects distribution of PV products, high volume of small scale residential projects and operations, and maintenance of solar power plants. China Sunergy was contracted to deliver up to 7MW of high efficiency polycrystalline solar modules to OSPS for the roof-top projects covering 2,500 Dutch households, as part of a project won by OSPS through a competitive bid process run by the Dutch Association of House Owners (Vereniging Eigen Huis, "VEH") in the Netherlands. The Netherlands solar market has been growing steadily, with accelerating growth rates in annual new installations, since prices for solar systems can compete with the retail prices for electricity. As one of Europe's first markets, grid parity has become reality. The Dutch market will grow even faster