Suniva Inc., a manufacturer of crystalline silicon solar cells, has entered into a long-term supply contract with Titan Energy Systems Ltd, one of India’s largest and longest-standing manufacturers of solar modules and specialty photovoltaic (PV) products.
Suniva will produce more than USD$480 million worth of high-efficiency monocrystalline silicon solar cells to be used in Titan’s highest efficiency product lines. The contract is structured as a take-or-pay agreement lasting through 2013.
Suniva’s new high-volume manufacturing center is located in metro Atlanta, and the company is scheduled to begin shipments from its first 32-megawatt (MW) line during the fourth quarter of this year. The facility will add more than 130 MW of additional capacity over the next two years to meet demand from Titan and other customers, including a recently announced $500 million deal with Solon AG (SOO1.DE).
"As Suniva expands its international presence in Europe and Asia, we are happy to establish this relationship with Titan, one of the world’s highest quality solar module manufacturers," Suniva CEO John Baumstark said. "This agreement furthers Suniva’s strategy of manufacturing and delivering high-efficiency, low-cost cells to the preeminent module manufacturers across the globe."
About Titan
Titan Energy Systems is one of India’s largest and oldest manufacturers and exporters of Solar Photovoltaic (SPV) Modules and specialty solar products. With a track record of over 16 years, Titan has demonstrated strengths in manufacturing products of high quality that comply with various international reliability & quality standards. Titan primarily sells its products in Europe and USA. Its products are also sold in Africa, South East Asia, Australia and India. Titan’s manufacturing center is located in Hyderabad, India. See http://www.titansolar.com for more information.
About Suniva
Based in Atlanta, Suniva develops, manufactures and markets high-value crystalline silicon photovoltaic (PV) cells for clean solar power generation. The company has an exclusive license to critical patents and patent-pending intellectual property developed by founder and CTO Dr. Ajeet Rohatgi at the Georgia Institute of Technology’s University Center of Excellence in Photovoltaics, a premier silicon PV research center. In addition, the company’s deep process know-how and unique approach to manufacturing delivers leading solar cell performance while dramatically cutting the cost of PV-generated electricity.
Loading...