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Moser Baer raises funds for silicon solar and thin film production expansion - 23 September 2008
U.S. House recesses, fails to pass tax bill, leaving solar, R&D credits in doubt - 29 September 2008
REC sold out of wafers for 2010 with $450 million order from Neo Solar Power - 30 September 2008
Timminco updates solar-grade silicon operations, sees production of 1200-1500 metric tons in 2008 - 06 October 2008
Hague signs letter of intent to buy assets of quantum-dot PV cell company Solterra - 06 October 2008
Ogilvy PR lands SunPower global account - 06 October 2008
Xcel’s North Shore Headquarters Selects Hoku Solar - 06 October 2008
Solar cells use old material in new way - 06 October 2008
MEMC
Electronic Materials, Inc. has announced the signing of an agreement
for the supply of solar wafers to the value of over $3 billion to
Tainergy Tech Co., Ltd., a Taiwan-based solar cell manufacturer. The
agreement, which will see MEMC provide Tainergy with solar wafers for
the next ten years, will commence in the third quarter of 2008.
The price of the wafers has been pre-determined, allowing for an estimate of the value of the deal. Tainergy and MEMC have agreed an advance in funds to MEMC via a refundable capacity reservation deposit. MEMC has also been presented with the opportunity to purchase a 10% interest in Tainergy.
"We are pleased to have entered this long-term agreement to provide solar wafers to Tainergy,” said Nabeel Gareeb, MEMC's CEO. “The company's roots in equipment manufacturing and factory automation systems combined with a solid management team and geographic position should allow them to achieve success in the solar market. Today's announcement marks the fourth strategic partner for MEMC in the solar arena, and the second in Taiwan, as MEMC continues to expand its customer list in solar applications and increase its geographic diversity."
By Síle Mc Mahon
