Deutsche Solar AG, a subsidiary of SolarWorld AG (SWV.DE) – a polysilicon wafers manufacturer, has signed a long-term agreement to supply Canadian Solar Inc., which operates production facilities in China. The order has a value of 180 million euros; the contract comes into effect immediately and runs for twelve years.
“The new contract with CSI underscores the importance of long-term external contracts for our wafer business,” says Frank Asbeck, Chairman of the Management Board of SolarWorld AG. “Our long-term strategic goal is to sell 50 per cent of the wafers made by Deutsche Solar AG to external customers. The other 50 per cent are to remain within the integrated production of our Group, ending up in complete solar power systems and kits. This additional contract brings the total of long-term orders for our international customers to about 2.5 billion euros. Our agreements are an example of the fact that the ‘green’ industry in Germany is well on the way to becoming another export heavyweight, ultimately taking its place alongside the automotive industry.”
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