China Sunergy Completes CEEG Acquisition

China Sunergy Co. Ltd., a solar cell and module manufacturer based in Nanjing, China, has completed the acquisition of 100% of the equity interest of CEEG (Shanghai) Solar Science & Technology Co. Ltd. and CEEG (Nan Jing) New Energy Co. Ltd.

The two module manufacturers were previously affiliated with the company before the acquisition. Through the acquisition, China Sunergy acquired a total annual module capacity of 480 MW, which is higher than stated in the previous announcement, the company notes. These two acquired companies have a sales network within the U.S., Germany, Spain, Italy, the Czech Republic and Southeast Asia.

SOURCE: China Sunergy Co. Ltd.

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