Canadian Solar Inc. (NASDAQ:CSIQ) announced it has received a purchase order from Systaic AG (SYSCF) for 30 megawatts (MW) of solar modules to be delivered to Spain. This is a specific purchase order under the 60 MW annual supply agreement that the two companies announced in October of 2008. Delivery under the agreement has already started.
Including this new 30MW purchase order, the Company said it has recently signed or reconfirmed sales contracts, contract extensions or received purchase orders for delivery of about 120 MW of solar module products to 24 customers in Europe, North America and Asia. Most of these deliveries are expected to take place from June to October.
Michael Pack, CEO of Systaic said: "We decided to start executing the annual agreement as the financing environment is improving, reconfirming our intention to reach the 60 MW annual target."
The SYSTAIC group produces and markets solar systems across Europe. Systaic’s subsidiary Enerparc is currently implementing one of the world’s largest building-integrated photovoltaic power plants.
Canadian Solar Inc. is a vertically integrated provider of ingot, wafer, solar cell, solar module and other solar applications. Canadian Solar is one of the world’s largest solar module producers by manufacturing capacity, with operations in North America, Europe and Asia.
Loading...