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07/31/2008 07:58 AM
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Suntech, Crystalox Sign 260MW Supply Deal
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Suntech Power Holdings Co., Ltd. (NYSE: STP ), a leading manufacturer of photovoltaic (PV) cells and modules, and PV Crystalox Solar PLC, a multicrystalline solar wafer manufacturer, today announced they have signed an initial five-year silicon wafer supply agreement with predetermined prices and volumes. Under the agreement, PV Crystalox Solar will supply Suntech with a total of 260 megawatts (MW) of silicon wafers from 2008 to 2013.
Headquartered in Oxfordshire, England, Crystalox is a wafer supplier to solar cell manufacturers. The Group was one of the first to develop multicrystalline technology on an industrial scale. Crystalox is currently developing a 1,800MT solar grade polysilicon production facility in Germany.
"PV Crystalox Solar is well recognized for its expertise in the production of silicon wafers, and we are very pleased to initiate this relationship. Aside from silicon, many of Suntech's key equipment and materials originate in Europe including PV cell and module manufacturing equipment, module backsheets and adhesives," said Dr. Zhengrong Shi, Suntech's Chairman and CEO.
About Suntech
Suntech Power Holdings Co., Ltd. is a world leading solar energy company as measured by both production output and capacity of solar cells and modules. Suntech is passionate about improving the environment we live in and dedicated to developing advanced solar solutions that enable sustainable development. Suntech designs, develops, manufactures, and markets a variety of high quality, cost effective and environmentally friendly solar products for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech offers one of the broadest ranges of BIPV products under the MSK Solar Design Line(TM).
Website: http://www.suntech-power.co
