Suniva Inc., a startup manufacturer of crystalline silicon solar cells, has signed a long-term agreement with REC (REC.OL), the world’s largest producer of polysilicon and wafers for solar applications. The contract ensures Suniva access to more than $300 million worth of monocrystalline silicon wafers over the next five years for use at the company’s new high volume production facility in Georgia.
"This contract is aligned with our increasing presence in the high efficiency monocrystalline cell segment and comes in addition to the significant contract portfolio signed to date," said Erik Thorsen, president and CEO of REC.
REC is significantly expanding its monocrystalline silicon wafer capacity in Norway as Suniva scales its manufacturing operations in the United States. Suniva’s facility, announced earlier this month, will have an initial capacity of 32 megawatts (MW) on its first line, with additional lines planned to produce more than 130 MW over the next two years.
About REC
REC is uniquely positioned as one of the most integrated companies in the solar energy industry. REC Silicon and REC Wafer are the world’s largest producers of polysilicon and wafers for solar applications. REC Solar produces solar cells and solar modules and engage in project development activities in selected segments of the PV market. REC Group had revenues in 2007 of NOK 6,642 million and an operating profit of NOK 2,588 million. Please also see www.recgroup.com
About Suniva
Based in Atlanta, Suniva develops, manufactures and markets crystalline silicon photovoltaic (PV) cells for clean solar power generation. The company has an exclusive license to critical patents and patent-pending intellectual property developed by founder and CTO Dr. Ajeet Rohatgi at the Georgia Institute of Technology’s University Center of Excellence in Photovoltaics. In addition, the company’s deep process know-how and unique approach to manufacturing delivers leading solar cell performance while dramatically cutting the cost of PV-generated electricity.
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