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China Sunergy (CSUN) Ships 1.59-MW Modules to Scottish Housing Project

December 22, 2011 6:38 AM EST
CSUN Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Up Up)

EPS Growth %: -888.9%
China Sunergy Co., Ltd. (Nasdaq: CSUN) shipped 1.59 MW in solar panels to Emotion Energy who, in partnership with Edison Energy, installed solar panels for 117 houses in a residential rooftop project in Faifley, Scotland for the Knowes Housing Association Scotland.

This project, which addresses "fuel poverty," is the first of its kind within Scotland. According to the Department of Energy & Climate Change of the UK, households classified as living in "fuel poverty" are those who need to spend more than 10% of household income on energy to heat their homes. This PV solar rooftop project will allow 117 Knowes tenants to receive the electricity generated free of charge for 25 years. China Sunergy's customer Emotion Energy along with Edison Energy worked hard to install the project in two weeks' time, prior to a change in feed-in tariffs on December 12, 2011.


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