SolarWorld AG (SWV.DE) reported that its Deutsche Solar AG subsidiary has entered into new long-term silicon supply agreements with a number of globally operating cell and module manufacturers.
The orders will be fulfilled through 2018 at a total value of EUR 1.5 billion. 51% of the orders are from Europe, 37% are from Asia, where China and Taiwan account for 16%. 12% will be shipped to North America. Deutsche Solar now has an order backlog of EUR 4 billion.
Deutsche Solar is also providing roughly the same amount for internal use at SolarWorld.
In other news, SolarWorld announced it will supply solar modules to 44 villages in China, part of its largest solar off-grid project to date. The company has already supplied 99 villages with modules that supply lighting and refrigeration, as well as other electrical appliances.
For 44 villages in the West Chinese province of Qinghai the SolarWorld Group will supply 4,800 solar modules with an output of 80 Watt each.
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