China Solar & Clean Solutions Energy, Inc. (OTCBB: CSOL) announced it has recently signed a contract, worth $3.5 million, to be the sole supplier of solar water heating systems to the Overseas Chinese Village in Shenzhen City. The contract was awarded July 1 to CSOL’s subsidiary, Shenzhen Peng Sang Pu Solar Energy Company, to supply and install its solar water-heating systems throughout the residential area.
“We are very pleased to have won this contract,” said Du Deli, CEO of China Solar & Clean Solutions Energy, Inc. “Despite bids from numerous competitors, we won the contract due to our strong reputation among Chinese solar energy experts. … We will continue to pursue similar projects and expect to win more bids in the future.”
The Overseas Chinese Village is a residential community that spans more than 125 acres and 22 high-rise buildings. The Village is the largest residential project in China to rely completely on solar-heated water, a company news release states.
CSOL manufactures and distributes solar water heaters, renewable energy solutions, and space heating devices in the People’s Republic of China. It operates primarily through its wholly owned subsidiaries, Bazhou Deli Solar Energy Heating Co. Ltd. and Beijing Deli Solar Technology Development Co., Ltd. and its 51% ownership in the Tianjin Huaneng Group.
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