ReneSola Ltd (NYSE: SOL; AIM: SOLA.L), a leading Chinese manufacturer of solar wafers, today announced that it has signed a six-year 525 megawatt (MW) wafer supply agreement with Gintech Energy Corporation.
ReneSola will supply Gintech with 525 MW of solar wafers over a six-year period commencing in mid-2008. Gintech is a leading manufacturer of solar cells and is publicly traded on the Taiwan Stock Exchange (3514.TW).
Financial details of the agreement were not released.
"The recent wafer supply agreement with Gintech further demonstrates our commitment to expanding ReneSola’s reach within key markets and strengthens our base of long-term customers," said Mr. Xianshou Li, ReneSola’s CEO. "Gintech’s fast growth and well-known manufacturing capabilities will contribute to a diversified customer base as we increase our wafer production output."
About ReneSola
ReneSola Ltd manufactures monocrystalline and multicrystalline solar wafers, which are thin sheets of crystalline silicon material primarily used in the production of solar cells. In addition, ReneSola strives to enhance its competitiveness through upstream integration into virgin polysilicon manufacturing.
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