China Sunergy acquires two solar park projects in UK
Manufacturer of solar cells and module products China Sunergy has acquired its first solar park projects in the United Kingdom located in the southwest of Cornwall.
The company will undertake the construction of the two 5MW solar parks in the upcoming weeks and consequently own and operate them.
Employing China Sunergy's polycrystalline modules the two solar parks are expected to be operational by 1 April 2013.
Commenting on the developments China Sunergy CEO Stephen Cai remarked that the investment in the parks he is a continuation of its downstream strategy. solar business, but also shows that the company is committed to bring more clean energy to the world.
"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.
"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," said Cai.
The company will continue to partner with local partners in the region to further increase its investments in the UK market.
Statistics given by the UK Department of Energy and Climate Change show a 1.3GW PV installed capacity at the end of September 2012.