China Sunergy delivers 5 MW in solar modules to Bulgaria

Nanjing, China, May 17, 2012 — China Sunergy Co., a solar cell and module manufacturer, completed delivery of 5 MW in solar modules to Bulgaria for the Yerussalimovo Solar Park. The modules were sold to Mitsubishi International GmbH and are being installed and managed by Helios Power.

Helios Power has been a partner for the company in Bulgarian market starting from 2010. Since the beginning of 2012, China Sunergy shipped a total of 22.32 MW to Bulgaria, on top of 18 MW sold last year, which accounted for above 30 percent of the Bulgarian market in 2011.

Bulgaria's solar market has gained pace since the country introduced a preferential feed-in-tariff in December 2006 and entered the European Union in January 2007. The first renewable energy projects were hydroelectric and wind, followed by solar, for which the country's southern part with relatively warmer climate is well-suited.

In recent years, Bulgaria's energy grid has experienced some instability as demand sometimes outpaces supply during the daytime. Power generated by solar installations has helped to moderate the supply of electricity to the grid. Solar power industry has experienced rapid growth in Bulgaria, and companies like Mitsubishi and Helios Power have partnered to develop large-scale solar projects.

Yerussalimovo Solar Plant is located in the vicinities of Yerussalimovo Village, Southern Bulgaria.

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