Phono Solar and SYBAC sign €300 million deal

Yesterday, at Hannover Messe, Germany, Phono Solar and SYBAC solar signed a five-year purchase agreement for €300 million, which equates to an output of 500MW. Last month, Phono Solar, a monocrystalline and polycrystalline silicon solar modules manufacturer, passed TÜV Rheinland’s ammonia corrosion test.

Cai Jibo, president of Phono Solar travelled with a Chinese delegation led by Wen Jiabao, the Premier of the State Council of the People's Republic of China. China is the featured partner country for Hannover Messe 2012. 

Roland Menken, vice president of Phono Solar, said: “This agreement gives a clear signal to the German PV market that despite insolvencies last month and continued uncertainty surrounding the future, there are still strong companies like SYBAC Solar AG, who, when partnered with strong suppliers such as Phono Solar, are able to develop their business successfully.”

The SYBAC Solar AG Group has designed, developed, financed, built and commissioned over 130MW of solar systems around the world and recently partnered with Phono Solar on projects throughout the US.

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