China Sunergy Co. Ltd. has signed an agreement to supply 50 MW in multicrystalline PV modules to its partner V2M Ltd. and its affiliates.
The modules will be used in projects in Romania and Macedonia in the third and fourth quarters of this year. V2M, a Bulgaria-based solar system developer and engineering, procurement and construction contractor, recently completed its 2.2 MW Orlova Mogila solarpark project near Dobritsch on Bulgaria's Black Sea coast, with modules supplied by China Sunergy.
For the planned projects using China Sunergy's modules, V2M has secured project and bridge financing from Japanese-Bulgarian Tokuda Bank.
