(Yicai Global) Jan. 19 -- Shares in Zhongli Group surged by as much as 8.8 percent today after the Chinese optical cable maker said its subsidiary has scored sales contracts for solar panels worth USD177 million from Indian and US clients.

Zhongli’s share price [SHE:002309] closed up 5.76 percent at CNY7.34 (USD1.16). Earlier in the day it had hit CNY7.55.

Unit Taleson Solar will supply two clients in the US, the Brazoria West Solar Project in Texas and the Algonquin Power Fund America in Connecticut, with photovoltaic modules worth USD89.6 million and USD17.9 million respectively, the Suzhou, eastern Jiangsu province-based parent firm said. Clean Solar Power Bhainsada in New Dehli, India has also ordered USD69.7 million worth, it added.

Algonquin Power is a returning client, the other two are new clients. Taleson Solar is already saying on its website that it is the PV module supplier to the 260-megawatt Brazoria West solar power plant. The deal will help it increase its foothold in the US market and meet rising demand, it said.

Talesun Solar can produce 15 gigawatts of large-size PV panels a year and has over 11 GW of solar power plants under development at home and abroad.

Editor: Kim Taylor