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.