Applied Materials Inc (NASDAQ: AMAT ) announced this week it has signed a contract valued at $1.9 billion with a privately held company based outside the U.S.
Although the company was not disclosed, reports have pointed to India’s Moser Baer as a likely buyer of Applied Materials’ solar equipment, installation and warranty services for multiple solar factories.
Last month Moser Baer said its subsidiary PV Technologies India signed a $1.5 billion memorandum of understanding with an unidentified equipment supplier for thin-film photovoltaic equipment. The deal was expected to boost Moser Baer’s solar production capacity from 40 megawatts (MW) to over 600 MW by 2010.
Applied Materials’ filing with the SEC said, "The factories, which will feature Applied SunFab thin film tandem junction production equipment, collectively are expected to produce an annual output of solar photovoltaic modules capable of generating electricity on a gigawatt scale."
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