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
Following Suntech’s (STP) better than expected Q2 earnings this morning, Piper Jaffray is bullish according to StreetInsider.com.
The firm said the results were driven by strong shipments and average selling prices, noting that Suntech has secured 900MW of its 09 silicon supply at favorable pricing and has long term supply contracts in place which should help significantly lower costs.
Also mentioned were indications from Suntech that Italian demand in 09 could be as strong … Read the rest
Trina Solar (TSL) has entered into a sales agreement with Italy’s largest power company, Enel. The two agreement calls for supplying Enel with a total of 17MW. “We are very pleased to have entered into this sales agreement with Enel, a globally recognized power provider who is committed to investments in new power sources from environmentally-friendly technologies,” stated Jifan Gao, Trina Solar’s Chairman and Chief Executive Officer. “We look forward to building our relationship with … Read the rest