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ReneSola inks two six-year wafer supply agreements
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Solar
wafer supplier ReneSola has announced that it has signed six-year wafer
supply agreements with two Chinese solar cell manufacturers. Under the
terms of the agreements, ReneSola will supply both Ningbo Solar
Electric Power Co., Ltd. and Eoplly New Energy Technology Co., Ltd.
with 105MW of solar wafers over a six-year period, commencing in
mid-2008.
Ningbo Solar is a Chinese manufacturer of solar cells and modules based in Zhejiang Province, China, while Eoplly is a manufacturer of solar cells, solar modules and photovoltaic systems with headquarters in Jiangsu Province, China.
"The signing of these wafer supply contracts further demonstrates continuing strong demand for our quality wafer products," said Mr. Xianshou Li, ReneSola's CEO. "Our large-scale, cost- effective manufacturing and strong technology development capabilities are well recognized within the industry and we are very pleased to broaden our customer base with these latest wafer supply agreements."
Financial details of the agreements were not disclosed.
By Síle Mc Mahon
