JA Solar, Canadian Solar Sign Solar Cell Supply Agreement

JA Solar and Canadian Solar have signed a supply agreement under which JA solar will supply solar cells to Canadian Solar for use in its modules. The Agreement, which will start immediately, is valued at US$50-$60 million, and runs from April to December 2007.

Dr. Shawn Qu, CSI Chairman and CEO said, “JA Solar is an important strategic supplier to CSI. Securing this additional solar cell supply at a cost meeting our internal target will allow us to fulfill the increased demands from our key customers. CSI continues to ramp up its in-house solar cell manufacturing while maintaining long-term strategic purchasing from a couple of selected supply partners.”