China Sunergy and Z-One Holding are to form a joint venture to market and sell China Sunergy’s solar products and solutions in the Middle Eastern and African markets.
Under the terms of the agreement, the joint venture – to be known as CSUN Solar MEA FZC – will be owned 60% by China Sunergy, and 40% by Z-One Holding.
China Sunergy chief executive officer Tingxiu Lu said: “Middle East and Africa are both fast-growing markets for photovoltaic, or PV applications.
“This joint venture will be a useful opportunity to offer our PV products and solutions in the two markets while working with Z-One Holding who has an extensive distribution network and profound photovoltaic expertise.”
Image: sxc
