January 11, 2016 China
China Sunergy announces joint venture with Z-One Holding
China Sunergy Co., Ltd and Z-One Holding today announced an agreement to form a joint venture to market and sell the full range of CSun's solar products and provide high value-added PV solutions in the Middle Eastern and African markets.
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."
January 8, 2016 Gambia
10 MW PV Solar Power Plant
in The Gambia signed
Mr. Yasser Gamil MD of Emerging Power (Gambia) Limited has signed a 10 MW PV Solar Power Project Power Purchase Agreement (PPA) for 25 years with Mr. Ebrima Sanyang MD of the National Water & Electricity Company (NAWEC) in Banjul, The Gambia.
Emerging Power (Gambia) Limited is the Special Purpose Vehicle (SPV) formed in The Gambia for the implementation of the project, which is planned on starting construction in May 2016.
Present at the signature ceremony were the NAWEC senior management and board members, as well as the Gambian Minister of Energy and the Managing Director of Emerging Power (Gambia) Limited.
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With another remarkable appearance, Z-ONE Holding participated in the World Future Energy Summit being held in Abu Dhabi National Exhibition Centre.
Z-ONE Holding Group Members, Disctech, Juwi, Ecoprogetti, Singulus, Solarpraxis-mena, Energy Tech, ZT ENERGY, CPS MENA-Chint, KACST PV-LAB, ARECO-AOI and TUV joined all together in one stand in order to provide fully integrated PV Solar Energy Value-Chain to the MEA Markets.