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Canadian Solar adds China Sunergy to solar cell suppliers in new contracts for 2008

19 November 2007 | Solar Cell: News

Canadian SolarChina Sunergy is to supply Canadian Solar with a total volume of 25MW of solar cells for 2008. Under the Agreements, China Sunergy will supply approximately 12MW and 13MW of solar cells to Canadian Solar in the first and second half of the year respectively.

“We are pleased to have added China Sunergy to our list of partners, thus continuing to demonstrate the ability of CSI to establish win-win relationships with companies in the solar value chain,” said Dr. Shawn Qu, CEO of Canadian Solar. “This announcement provides further visibility to the supply contracts we already had in place in support of our 2008 business plan. We look forward to working closely with China Sunergy as a part of our long-term supply chain strategy, which includes continued direct purchasing from a selected number of long-term strategic cell suppliers in addition to our internal solar cell production."

Approximately 24 percent of the volume is being based on fixed pricing terms and the remainder being determined on a quarterly basis.

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