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First Solar Secures 685 MW of Orders

First Solar, Inc. (Nasdaq:FSLR) has entered into five agreements for the manufacture and sale of solar modules totaling 685 Megawatts. These new agreements are expected to allow for sales of approximately $1.28 billion at an assumed exchange rate of $1.30/EUR1.00, over the period of 2007 to 2012. Included in the new agreements are long term agreements with EDF Energies Nouvelles (EDF EN), a renewable energy producer specializing in wind, hydro, biomass, and solar power plants; and Sechilienne-Sidec, a renewable energy producer specializing in thermal, wind, and solar power plants. As part of the new contract volumes announced today, First Solar and the Juwi Group have also agreed to increase volumes under an existing long term supply agreement. These customers are targeting development of solar projects with First Solar modules in Spain, Italy, France, Greece and Portugal. Also included in the new agreements is a long term agreement with RIO Energie GmbH & Co. KG, a joint venture of the Stadtwerke Mainz AG utility company and the Juwi Group with a focus on the development of solar power plants in the utility service region of the Stadtwerke Mainz AG and its subsidiaries through 2012. These new long term agreements are structured […]

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Trina Solar Signs European Module Supply Contracts

Trina Solar Limited (NYSE: TSL), an integrated manufacturer of solar power products based in Changzhou, China, has been awarded several contracts to supply solar photovoltaic (PV) modules with an aggregate output of up to 99MW to key accounts in Europe over the next two to three years. Initial shipments have been made on each of the contracts. “Our recent contract wins demonstrate our success in targeting large and medium-sized companies, including PV system integrators, distributors and wholesalers,” remarked Mr. Arturo Herrero, Trina Solar’s Director of Sales & Marketing. “These contract wins are also an important step for Trina Solar to continue gaining brand recognition in some of the most strategic solar PV markets in Europe and positions Trina Solar well to further expand its presence in these important markets.” During the first half of 2007, Trina Solar made significant progress towards consolidating its position in Germany and penetrating the solar PV markets in Spain and Italy. The Company’s contract wins during the period include: o 6MW contract with Enerpoint in Italy to supply solar modules over the next three years o 22MW to 33MW contract with Tecnospot in Italy to supply solar modules over the next three years o 20MW […]

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