China Sunergy (CSUN) has announced a new contract with an unnamed US PV firm to produce multi-silicon solar cells. CSUN will buy silicon wafers from the US firm and in turn sell back solar cells. The bilateral agreement is expected to begin in April.
Said CEO Wang, “The securing of this year-long agreement with our U.S. partner, especially during a period of instability within the solar sector, demonstrates that China Sunergy is able to execute … Read the rest
The going is good for LDK Solar. First the blow out earnings results yesterday, this morning a new 5 year contract to supply multicrystalline wafers to India based XL Telecom & Energy. They will deliver about 300 MW of the silicon wafers over the 5 yr period, beginning in early 09 with XL Telecom making a down payment for a portion of the contract value. No word on the total value of the contract.… Read the rest
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