Suntech Power Holdings Co., Ltd. (NYSE: STP), a leading manufacturer of photovoltaic (PV) cells and modules, and Wacker Schott Solar GmbH, a joint venture of Wacker Chemie AG and Schott Solar GmbH, announced a long term silicon wafer supply agreement.
Under the terms of the supply agreement, Wacker Schott will supply 220 megawatts (MW) of silicon wafers, broken into yearly installments.
The length of the cotract and the yearly volumes were not disclosed.
About Suntech
Suntech Power Holdings Co., Ltd. is a leading solar energy company as measured by both production output and capacity of solar cells and modules. Suntech designs, develops, manufactures and markets a variety of solar products for electric power applications in the residential, commercial, industrial and public utility sectors. Suntech offers one of the broadest ranges of building integrated photovoltaic (BIPV) products under the MSK Solar Design Line(TM).
About Wacker Schott Solar
Wacker Schott Solar GmbH is a joint venture of Wacker Chemie AG and Schott Solar GmbH. The company manufactures hyperpure polycrystalline silicon wafers, the starting material for solar cells. Over the coming years, Wacker Schott Solar plans to invest a total of EUR370 million at its sites in Jena (Thuringia) and Alzenau (Bavaria), creating at least 700 new solar jobs. Total solar-wafer production capacity is set to expand in stages, reaching about one gigawatt per year by 2012. This will make the joint venture one of the world’s largest solar-wafer manufacturers.
Loading...