Under the terms of the agreement, the joint venture, CSun Solar MEA FZC, will be owned 60% by China Sunergy, and 40% by Z-One Holding.
"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," said Mr. Tingxiu Lu, chief executive officer of CSun.
"Our track records of working with a variety of well-known enterprises located in both upstream and downstream of the PV industry has positioned us well as Z-One Holding's partner and we look forward to capturing the lucrative opportunities together."
