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Comtec Solar Systems, together with its subsidiaries, has signed new wafer supply framework agreements, with price subject to negotiation, to provide major customers Gintech Energy, Jetion Solar, CHINT Group and Neosolar Power with a total of approximately 200MW in monocrystalline solar wafers. These orders are thus added to the existing agreements between Comtec and China Sunergy, JA Solar, Suntech and Canadian Solar.
Under the terms of the contracts, Comtec will supply each of the companies with approximately 50MW of monocrystalline wafers from January 2011 to December 2011.
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Wafer Supply Deals: 2011 |
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Company: |
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China Sunergy |
100MW |
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JA Solar Holdings |
150MW |
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Suntech Power Holdings |
150MW |
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Canadian Solar |
50MW |
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Gintech Energy |
50MW |
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Jetion Solar Holdings |
50MW |
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CHINT Group |
50MW |
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Neosolar Power |
50MW |
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Total: |
650MW |
"I am pleased that, with the strong demand from our major customers, the committed orders for 2011 already exceed 600MW, which is expected full capacity by end of 2010. At the moment, we still cannot fulfill all the demand from our customers and they keep requesting additional commitments for the shipment in 2011," said John Zhang, chairman and CEO of Comtec Solar.
"This gives us strong confidence that we can fill up additional capacity when we ramp up to 1000MW before the end of 2011. Meanwhile, one of our major tasks is to push up the progress of our additional 400MW expansion plan for 1GW capacity next year," concluded Zhang.
