CSUN-Solar International Ltd., a subsidiary of China Sunergy Co. Ltd., bagged the Engineering, Procurement and Construction (EPC) contract for local-firm YH Green Energy Inc.’s 14.5-megawatt (MW) solar project.
In a news statement from its web site, China Sunergy said “its subsidiary, CSUN-Solar International Ltd., specialized in EPC service and project development, has entered into an EPC agreement with YH Green Energy Inc., a Philippine-based green-energy developer for the construction of a 14.5- MW solar-power project.”
China Sunergy noted the construction of the solar project will start by the third quarter of 2015, adding that it expects the project will be fully operational by the first quarter of 2016, which is the deadline for the investors who will qualify for the P8.69 feed-in-tariff allowance.
Tingxiu Lu, chairman and chief executive officer of CSUN, said the firm is “delighted to cooperate with YH Green Energy on the construction of the solar-power project.”
Lu added the transaction demonstrates its expansion in the Southeast Asia market that positions it well for the steady growth of the energy industry in the coming years.
According to Department of Energy data, as of April 2015, YH Green Energy Inc. has one pending solar application for a 12-MW project in Hermosa, Bataan.
Nasdaq-listed China Sunergy designs, manufactures and delivers solar cells and modules to global markets from its production centers in China and Turkey.
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