China Sunergy Co. Ltd. (CSUN) and PV specialist Z-One Holding have formed a joint venture to sell the full range of CSUN's solar products and PV solutions in the Middle Eastern and African markets.
Under the terms of the agreement, the joint venture, CSUN Solar MEA FZC, will be owned 60% by CSUN and 40% by Z-One Holding.
‘Middle East and Africa are both fast-growing markets for photovoltaic, or PV applications,’ says Tingxiu Lu, CEO of CSUN. ‘This joint venture will be a useful opportunity to offer our PV products and solutions in the two markets, while working with Z-One Holding [which] has an extensive distribution network and profound photovoltaic expertise.’
