These events were somehow expected, since in early October the Chinese from CSUN signed a 50 MW Memorandum of Understanding which revealed their firm intentions to invest in the UK's solar power market.
The China Sunergy's manager for the UK, Yolanda Qin disclosed the future locations of the two solar parks, one will be located in Devon and the other one in Cornwall, these locations were selected due to the fact that they receive a high sun light irradiation of ~1.000kWh a year per square meter.
China Sunergy will take care of the projects and construction of the two sites and they will also operate them when ready, as an owner, the construction is set to begin in the next few weeks and the deadline is set for April 1 2013 when they are expected to be ready for delivering power to the grid. The technology used in these 2 solar plants will utilize CSUN's own patented polycrystalline modules, the date of 1 April 2013 is set in order to qualify for 2 ROCs.
China Sunergy believes that the UK's solar power market shows great potential for future investments, they already have an installed PV capacity of 1.3 GW at the end of last month in the United Kingdom and they are looking forward for future investments in the renewable energy sector.
The CEO of China Sunergy, Mr. Stephen Cai stated that:
“We will continue our downstream strategy, which is to increase the investment into solar projects globally. These two solar parks in the UK are just starting points for us and we look to expanding across Europe, including France, Germany, Romania, and Spain, etc., where we can achieve a healthy return rate on our projects.”
He also mentioned:
"We are confident that our investment into these two solar projects in the UK will be a great success, based on China Sunergy’s capability to construct and operate solar projects with high returns. This investment not only marks our first official step into the downstream solar business, but also shows that China Sunergy always stays true to its commitment to bringing more clean energy to the world. We possess a solid pipeline of over 50MW by April 2013 for our downstream project business with sufficient project financing in place, demonstrating China Sunergy’s strategic shift in resource allocation amid current industry turmoil.”
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