NANJING, China, Dec. 1, 2010 /PRNewswire/ -- China Sunergy Co., Ltd. (Nasdaq: CSUN), a specialized solar manufacturer based in Nanjing, China, and Pythagoras Solar, a provider of breakthrough building integrated photovoltaic (BIPV) products, today announced the signing of an agreement to co-market and advance the development and scale manufacturing of BIPV products from 2010-2015 in China. The agreement positions both companies to capitalize on opportunities in the growing BIPV market through the use of Pythagoras Solar's transparent, high power photovoltaic glass units (PVGU). Research firm NanoMarkets estimated the BIPV market in Asia in 2009 at over U.S. $600 million in installation revenues and forecasts the global BIPV market to exceed U.S. $8 billion by 2015.
"Pythagoras Solar's BIPV products are a foundation for progress in areas of critical importance for our company as we work to broaden our technology portfolio," said Mr. Stephen Zhifang Cai CEO, China Sunergy. "We look forward to supplying an important partner with our market leading solar concentrator cells and believe that both companies will benefit from our joint efforts."
According to the agreement, China Sunergy will work with Pythagoras Solar to rapidly advance the proliferation of PVGU products by supplying up to 75 MW of high-efficiency solar concentrator cells within 5 years. Pythagoras Solar's PVGU products combine the modularity and insulating benefits of the standard insulating glass unit (IGU) with solar power generation and architectural adaptability. Other areas of cooperation between the companies may include the reselling and production of Pythagoras Solar's PVGU products by China Sunergy; and the development and supply of new solar concentrator cells to further enhance BIPV systems. This exemplifies Pythagoras Solar's fab-less manufacturing model to build a relationship with China Sunergy, one of the market leaders to deliver capital efficiency, reliability and scale to meet global demand.