ReneSola Ltd (NYSE: SOL) (AIM: SOLA), a manufacturer of solar wafers, announced two supply agreements to provide two Taiwan-listed solar companies with approximately 836 megawatts (MW) of monocrystalline and multicrystalline solar wafers.
The Company signed a wafer supply agreement with Neo Solar Power Corp (NSP)(3576.TW) for approximately 293 MW of multicrystalline wafers from July 2010 to December 2013 and approximately 141 MW of monocrystalline wafers from October 2010 to December 2013.
In December 2009, Neo Solar announced plans to increase its 2010 solar cell capacity from 240 megawatts (MW) to 600MW, representing a 150% increase.
ReneSola also signed a wafer supply agreement with Solartech Energy Corp (3561.TW). Under the terms of that contract, ReneSola will supply Solartech Energy with approximately 402 MW of multicrystalline wafers from July 2010 to December 2013.
