Suntech Power (STP) has signed a 2nd polysilicon supply agreement with South Korea based DC Chemical with a total value of about 750 million from 2010 to 2016. Back in March the two companies inked another supply deal worth around 630 million.
Dr. Zhengrong Shi, Suntech’s Chairman and Chief Executive Officer, stated, ”We are pleased to expand our existing relationship with DC Chemical, a key upstream partner and an emerging market leader. Contracts such as … Read the rest
Suntech Power (STP) has entered into a silicon wafer supply agreement with GCL Silicon to purchase 9420 metric tons of polysilicon and 1.1 gigawatts of silicon wafers from GCL between 2008 and 2012. Suntech has now secured about 1 GW of silicon for next year. Tight supplies have hampered the industry but its expected to ease a bit by the end of year.
“These agreements with GCL Silicon will greatly strengthen our silicon pipeline and … Read the rest
Hoku Scientific (HOKU) ramped up 15% today and above the 50 day moving average on news of a big supply deal for solar grade polysilicon. HOKU will supply China based Kinko Energy with solar grade polysilicon over a 10 year period beginning in late 2009 with a value of approximately 300 million. The contract calls for an initial $10 million payment to HOKU and additional prepayments of 20 and 25 million over the next … Read the rest