China Sunergy (CSUN) and Z-One Holding of the UAE will 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, will be owned 60 per cent by China Sunergy, and 40 per cent by Z-One Holding.

"Middle East and Africa are both fast-growing markets for photovoltaic 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 Tingxiu Lu, chief executive officer of CSUN.

"Our track record 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," he said.

Z-One Holding is a stakeholder in eight companies representing the whole PV value-chain from equipment manufacturing, products distribution, consultancy, engineering, purchasing and construction services and project development.

The company has extensive distribution network covering Middle East and Africa.

CSUN designs, manufactures and delivers high efficiency solar cells and modules to the world from its production centres based in China and Turkey.  - TradeArabia News Service