China Sunergy Announces Agreement with Canadian Solar Inc.

China Sunergy Announces Agreement with Canadian Solar Inc.

November 19, 2007

    NANJING, China, Nov. 19 /Xinhua-PRNewswire/ -- China
Sunergy Co., Ltd. ("China Sunergy") (Nasdaq:
CSUN), a specialized solar cell manufacturer based in
Nanjing, China, announced today that it had entered into
various sales agreements (the "Agreements") with
Canadian Solar Inc. ("Canadian Solar").

    The Agreements with Canadian Solar are for a total
volume of 25MW of solar cells for 2008. Under the
Agreements, China Sunergy will supply approximately 12MW
and 13MW of solar cells to Canadian Solar in the first and
second half of the year respectively. The Agreements will
be denominated in both Chinese yuan and US dollars, with
approximately 24% of the volume being based on fixed
pricing terms and the remainder being determined on a
quarterly basis.

    Commenting on the Agreements, Allen Wang, CEO of China
Sunergy said: "Following on from this and the recent
agreement with aleo solar of Germany, I am very pleased
with our ability to expand sales both domestically and
abroad. This latest Agreement signifies a substantial
development in our relationship with Canadian Solar, one of
the leading China-based module manufacturing companies, and
is a positive example of how we are developing our high
quality global customer base while further enhancing our
brand recognition within the industry."

    Commenting further, Dr. Shawn Qu, CEO of Canadian
Solar, added: "We are pleased to have added China
Sunergy to our list of partners, and continue to
demonstrate the ability of CSI to establish win-win
relationships with companies across the solar value chain.
This announcement provides further visibility to the supply
contracts we had in place in order to support our 2008
business plan. We look forward to working closely with
China Sunergy as a part of our long-term supply chain
strategy, which includes continued direct purchasing from a
selected number of long-term strategic cell suppliers in
addition to our internal solar cell production."

    About China Sunergy Co., Ltd.:

    China Sunergy Co., Ltd. (Nasdaq: CSUN) ("China
Sunergy") is a leading manufacturer of solar cell
products in China as measured by production capacity. China
Sunergy manufactures solar cells from silicon wafers
utilizing crystalline silicon solar cell technology to
convert sunlight directly into electricity through a
process known as the photovoltaic effect. China Sunergy
sells solar cell products to Chinese and overseas module
manufacturers and system integrators, who assemble solar
cells into solar modules and solar power systems for use in
various markets. For more information please visit
http://www.chinasunergy.com .

    Safe Harbor Statement

    This announcement contains forward-looking statements
within the meaning of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. All
statements other than statements of historical fact in this
announcement are forward-looking statements, including but
not limited to, the company's ability to raise additional
capital to finance the company's activities; the
effectiveness, profitability, and the marketability of its
products; the future trading of the common stock of the
company; the ability of the company to operate as a public
company; the period of time for which its current liquidity
will enable the company to fund its operations; the
company's ability to protect its proprietary information;
general economic and business conditions; the volatility of
the company's operating results and financial condition; the
company's ability to attract or retain qualified senior
management personnel and research and development staff;
and other risks detailed in the company's filings with the
Securities and Exchange Commission. These forward-looking
statements involve known and unknown risks and
uncertainties and are based on current expectations,
assumptions, estimates and projections about the companies
and the industry. The company undertakes no obligation to
update forward-looking statements to reflect subsequent
occurring events or circumstances, or to changes in its
expectations, except as may be required by law. Although
the company believes that the expectations expressed in
these forward looking statements are reasonable, they
cannot assure you that their expectations will turn out to
be correct, and investors are cautioned that actual results
may differ materially from the anticipated results.

    For further information, please contact:

    China Sunergy
     Fischer Chen
     Email: [e-mail]

    Financial Dynamics
     Julian Wilson
     Tel:   [phone]
     Email: [e-mail]

     Michael Polyviou
     Tel:   [phone]
     Email: [e-mail]