Major polysilicon producer, Wacker Chemie, said it would benefit from a one-time windfall of around €115 million in the first quarter of 2014 due to the restructuring of a supply contract with an undisclosed solar PV customer.
The company said that the restructured supply deal entailed adjustments to both delivery volumes and prices.
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The windfall was said to be due to recognising retained advance payments by the customer and from damages agreed.
Wacker said that it would not disclose the customer's name and would keep the details of the new contract supply provisions confidential.