China Sunergy has announced that it has signed a memorandum of understanding with Deniz Finansal Kiralama, a subsidiary of DenizBank Financial Services for strategic partnership to finance the solar projects through financial leasing in Turkey.
DenizLeasing located in Istanbul of Turkey undertakes financial leasing transactions for various kinds of investment properties.
According to this agreement, DenizLeasing will enable capital leasing for solar PV projects of up to 100 MW deployments for China Sunergy’s solar modules and other components.
Over the past couple of years, China Sunergy has become a well-known technology leadership in Turkey with its high quality of products, said, Kahraman Günaydın, GM, DenizLeasing.
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 company’s joint customers, said Günaydın.
DenizLeasing is a leading financial leasing company in Turkey. This partnership expands the company’s go-to-market capabilities, which can accelerate the availability and deployment of products, enhance the ability to serve its expanding customer base as well as extend its overseas financing flexibility, explained, Tingxiu Lu, chairman, CEO, China Sunergy.