Exhibit 4.114

English Translation of Chinese Language Document

Agreement

No.:     Q722010

Party A: China Electric Equipment Group Co., Ltd.

Party B: China Sunergy (Nanjing) Co., Ltd.

Party C: CEEG (Nanjing) Renewable Energy Co., Ltd.

Hereinafter referred to as Party A, Party B and Party C.

The parties, through friendly consultation, agree to transfer due credit and debt thereof as follows:

1. Party A shall transfer to Party C its cerdit to Party B in an amount of RMB3,352,732.

2. Party C shall offset its debt to Party B with all the transferred credit from Party A.

3. The difference remained between Party C and Party B shall be settled through negotiation between both parties.

This agreement is executed in triplicate and shall be deemed as accounting voucher of the parties.

Party A: China Electric Equipment Group Co., Ltd.

(seal)

2010-01-14

Party B: China Sunergy (Nanjing) Co., Ltd.

(seal)

2010-01-14

Party C: CEEG (Nanjing) Renewable Energy Co., Ltd.

(seal)

2010-01-14