Another DuPont (NYSE:DD) Solar Deal

Modern Energy Roundup - March 23, 2012

Written by Green Chip Stocks
Posted March 23, 2012 at 1:20PM

China Sunergy (NASDAQ:CSUN) has announced that it and DuPont (NYSE:DD) have signed a Letter of Intent for strategic collaboration relating to solar pv technologies, materials, power transformers and insulation over a three-year period.

Although few are aware of this, DuPont is actually one of the biggest players in the solar space. The company's materials are in about 70 percent of the world's installed panels. Last year it did about $1.4 billion in solar sales, and the company expects to break the $2 billion mark by 2014.

Today's news comes just one month after DuPont announced a $100 million deal with Yingli (NYSE:YGE) to supply its polyvinyl fluoride film and photovoltaic “paste” which will be used in the production of modules.

China Sunergy is up about 7% in pre-market.


Enjoy this article? Get more in our Free Newsletter

Get the inside track on the most lucrative stock plays in today's scorching-hot alternative and renewable energy markets.

Sign up for the FREE Energy and Capital daily e-Letter from alternative energy experts Jeff Siegel and Nick Hodge. We'll also send you our latest report on Wind Investing straight to your inbox.

Your Privacy is Assured.

Jeff Siegel on CNBC

Green Chip Stocks Editor Jeff Siegel, featured guest on CNBC's Green Week

Related Articles

More Uncertainty Weighs On Solar Stocks Today
LDK Solar (NYSE:LDK) updates guidance and India looks to continue wind energy tax breaks.
Solar Tariff Does Not Change Fundamentals
Daqo New Energy (NYSE:DQ) reminds us why the solar tariff decision really doesn't help anyone.
First Solar (NASDAQ:FSLR) Sells 50 Megawatts
First Solar finds a buyer for a 50 MW solar project in Nevada.