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XsunX has signed a two-year supply deal for the sale of 4 MW of its amorphous-silicon thin-film photovoltaic modules to an unnamed Oregon-based commercial project development firm. The contract raises the value of the company's total sales agreements to $47 million on the basis of commitments to provide 19 MW of ASI-120 TFPV modules.
This agreement represents approximately $10 million dollars in total contract value, with an initial 2 MW slated for delivery in calendar 2009, and the remaining 2 MW balance for delivery in calendar 2010," stated Tom Djokovich (pictured), CEO of XsunX. "This sales contract underscores XsunX’s efforts to develop business and distribution relationships for its solar products in Oregon and extends to the creation of new jobs in Oregon’s renewable energy sector."
The company's initial TFPV 25-MW production facility, located in the Portland, OR, suburb of Wood Village, is scheduled to come online in spring 2009 and to produce between 6 and 12 MW of modules by year's end, according to comments made by Djokovich to PV Tech in October.
