China Sunergy Co., a specialized solar cell and module manufacturer, today announced that it signed a sales contract of 1.65MW of solar modules with INFiNi Group ("INFiNi"), a well-known conglomerate headquartered in Osaka, Japan. China Sunergy's solar modules will be shipped by the end of October 2012 and installed in Okayama First Solar Plant in Japan, the first ground-mounted solar project of INFiNi.
INFiNi Group is operating and expanding globally in many industries, including PV power plant investment and management. Mr. Tomoyuki Oyakama , CEO of INFiNi, noted, "This solar project is a significant milestone of INFiNi, and demonstrates our devotion to expanding our solar business with a focus on project investments. China Sunergy has been a reliable partner of INFiNi since October 2010, and we are pleased that the two companies have made solid progress together in the Japan market."
Based on Solarbuzz research report, Japan's annual photovoltaic installations reached 1.24 GW in 2011, an increase of 29% compared to 2010, which drove the cumulative installation capacity up to 4.8 GW by the end of 2011, predominantly on residences. Nowadays, Japan has become one of the most promising solar markets for global vendors with attractive IRR, especially after the new solar incentive scheme announced in June this year. The consensus expects the annual installation in Japan could exceed 2GW in 2012, according to Photon Magazine.
Mr. Stephen Cai , CEO of China Sunergy, commented, " China Sunergy has already built firm and trustworthy partnership with INFiNi in residential segment, and this time, we are truly delighted to supply our high quality solar modules to INFiNi for its first ground-mounted solar plant. Japan, strategically, is one of the most important markets to China Sunergy, and we will continue to enlarge and diversify customer base there step by step. So far this year, China Sunergy has shipped more than 6.7MW of solar modules to Japan and we expect this to continue increasing over the remainder of 2012."
Source: http://www.chinasunergy.com