China Sunergy provides additional insight regarding 2010 full year expectations

NANJING, CHINA: China Sunergy Co. Ltd, a leading solar cell and module manufacturer based in Nanjing, China, has announced several updates regarding Company expectations for the year 2010.

China Sunergy anticipates gross margin will be between 15 percent and 18 percent, prior to the completion of the acquisition of two module manufacturers, with conversion cost reducing to USD0.20/watt by the end of the year, as production efficiencies continue to be realized.

Assuming the acquisition of the two solar module manufacturers will be completed without any unforeseen issues, China Sunergy expects the module capacity to be between 500 and 550 MW by the end of the third quarter of 2010.

With demand remaining at current expectations throughout the rest of the year, China Sunergy now expects to have 400 MW of solar cell capacity and 900 MW of solar module capacity by the end of 2010.