Solar cell

Under the MOU, DenizLeasing will facilitate and provide capital leasing for the projects, which will feature China Sunergy’s solar modules and other parts.

DenizLeasing general manager Kahraman G├╝naydin said: "Over the past couple of years, China Sunergy has quickly established technology leadership in Turkey with its high efficiency superior quality of products.

"We believe DenizLeasing’s strong brand and network, combined with China Sunergy’s proven capability and firm commitment to grow its market presence in Turkey, together represent an exciting growth opportunity for the partnership, as well as, an excellent value proposition to our joint customers."

China Sunergy chairman and CEO Tingxiu Lu said: "This partnership expands our go-to-market capabilities in Turkey, which we believe can greatly accelerate the availability and deployment of our products, enhance our ability to serve our expanding customer base across Turkey and the surrounding markets, as well as extend our overseas financing flexibility."

China Sunergy designs, produces and supplies solar cells and modules to the global markets from its production centers in China and Turkey.

Earlier in 2014, China Sunergy signed a framework agreement with a unit of Germany-based Frankensolar to develop 50MW of PV project in Turkey.

China Sunergy owns a 300MW PV factory in Istanbul, which it inaugurated in 2013.

Image: China Sunergy has partnered with Deniz Finansal Kiralama for the financing of about 100MW of solar PV projects in Turkey. Photo: Courtesy of pakorn/FreeDigitalPhotos.net.