China Sunergy says during 2Q07 it produced 20.1MW of solar cells which represented a 93% increase on a YoY basis

Co announces preliminary sales and production volume figures for the second quarter 2007. During the second quarter of 2007, the co produced 20.1MW of solar cells which represented a 93% increase on a year-on-year basis and was largely the same as the first quarter of this year. Monocrystalline 125-millimeter cells continued to account for the majority of production and sales at 85% and 88% respectively. The co says key raw material procurement and sales related developments are as follows: -- In June 2007, China Sunergy entered into three supply contracts and framework agreements with LDK Solar Co., Ltd, Konca Solar Cell (Wuxi) Company Limited and Changzhou Xiandai Communications Optic Fiber for a net supply of a total of approx 11.9 mln and 4.4 mln monocrystalline 125-millimeter and multicrystalline 156- millimeter wafers for the second half of 2007 and 2008 respectively. The pricing terms are generally subject to negotiation on a quarterly basis and prepayment ranges from nil to 30% of the contract value; and -- In the same month, the co also entered into a 10MW sales contract with Solarwatt AG, for the second half of 2007 with a total contract value of approx EUR21.7 mln.

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