China Sunergy Invests in its First 10MW Solar Parks in UK

          China Sunergy Invests in its First 10MW Solar Parks in UK

  PR Newswire

  NANJING, China, and FRANKFURT, Germany, Nov. 6, 2012

NANJING, China, and FRANKFURT, Germany, Nov. 6, 2012 /PRNewswire/ -- China
Sunergy Co., Ltd. (Nasdaq: CSUN) ("China Sunergy" or the "Company"), a
specialized solar cell and module manufacturer, today announced that it has
completed the transactions to procure its first two solar park projects in the
United Kingdom (UK). The two solar parks with a size of about 5 MW each are
located in the southwest of Cornwall region. China Sunergy will arrange the
construction of the projects, and then own and operate these two solar parks
itself.

Thanks to the high irradiation of above 1,000 kWh ^(1) per square meters a
year at the site locations in the southwest of Cornwall region, the two solar
parks will be able to produce high energy output levels to effectively
increase the economic return. The construction of the two solar parks will
commence in the forthcoming weeks and is expected to be connected to the grid
before April 1, 2013 to be entitled to Renewables Obligation Certificate (ROC)
level of 2.0 per MWh. These two projects will be equipped with China Sunergy's
high efficiency polycrystalline modules.

The latest figures from the U.K. Department of Energy and Climate Change
(DECC) show a total installed capacity of about 1.3GW of PV nationally at the
end of September 2012. With a firm belief in the UK market's promising
potential, China Sunergy will further cooperate with local partners and seek
opportunities to increase its investments in solar projects in the coming
future.

Mr. Stephen Cai, CEO of China Sunergy, explained, "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."

Stephen also added, "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."

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 utilizes crystalline silicon solar cell technology to convert sunlight
directly into electricity through a process known as 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 China and many other markets. For additional
information, please visit http://www.chinasunergy.com .

Media Contacts:

China Sunergy Co., Ltd. Elaine Li Phone: +86
25 5276 6696 Email: Elaine.li@chinasunergy.com
Brunswick Group

Hong Kong                                      Hong Kong

Ginny Wilmerding                               Annie Choi

Phone: + 852 3512 5000                         Phone: + 852 3512 5000

Email: csun@brunswickgroup.com                 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, demand for and selling prices of
the Company's products, execution of our strategy to expand into downstream
solar power businesses, general economic and business conditions; 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. 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, it cannot assure you that its
expectations will turn out to be correct, and investors are cautioned that
actual results may differ materially from the anticipated results.

(1) According to the "Irradiation Studies" conducted by OST Energy, a world
known independent engineering consultancy specializing in technical advisory
work for the renewable energy market.

Website: http://www.chinasunergy.com
 
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