Taiwanese solar cell manufacturer, Neo Solar Power (NSP)(3576.TT) and Scheuten Solar Technology GmbH have signed a 5-year solar cell supply contract. This new contract, from 2009 to 2013, is in addition to two existing sales contracts. The compbined contract value awarded to NSP from Scheuten is US$460 million (NT$14.7 billion).
Founded in 1950, the Netherlands-based Scheuten is one of the oldest glass and solar-energy companies in Europe. Riding the solar market upsurge around the world, Scheuten now has presence in all major solar markets including Netherlands, Belgium, Germany, Spain, France, Greece, Italy, South Korea, UAE and United States.
Supported by long term orders on hand, NSP plans to add 300 megawatts (MW) capacity in 2009 and aims to reach 1 gigawatt (GW) scale by 2012. Upon recent conclusion of long term sales and wafer supply contracts, NSP further improves outputs and gross profit visibility.
"We are pleased to further extend business with Scheuten, as a long term partner of NSP. The confluence of NSP’s strengths of first-tier cell quality and best-in-class operating efficiency along with Scheuten’s global presence in the fast growing solar markets will deliver a competitive solution in the photovoltaic value chain," commented Quincy Lin, Chairman of NSP.
Bart Kempen, COO Scheuten Solar said, "For the future growth of Scheuten the certainty of a supply chain for high quality solar cells is of great importance. Therefore, we are pleased with this long-term cooperation with NSP. The production quality and capacity of NSP fits in seamlessly with our growth objectives."
About Scheuten Solar Technology GmbH
Scheuten is a leading and fast growing international high volume manufacturer of total solutions in glass and solar energy systems with its head office in Venlo. Scheuten employs a staff of 1,500 and has realised a turnover in 2007 of 360 million euros. Scheuten continually invests in new developments. New innovative glass and solar products are developed by combining knowledge from all its production facilities. Cooperation with leading universities and research institutes leads to sustainable, functional solutions in the fields of glass and solar technology.
About Neo Solar Power Corporation (NSP)
Founded in 2005, NSP specializes in manufacturing of high quality solar cells. Based in Hsinchu Taiwan, NSP currently has FAB 1 in full production at with 90MW capacity and its new FAB 2 at Hsinchu Science Park launched production in August 2008 with an ultimate capacity of 600 MW. Seasoned through a long history in the semiconductor and solar industry, NSP produces cells with high efficiency and minimum power loss. Leveraging core competence on quality, technology and technical services, NSP aims to become a global leader in the photovoltaic industry and to make solar energy a competitive energy source.
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