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Ersol Solar Energy AG signed a major contract with Bad Staffelstein-based system integrator, IBC Solar AG for the supply of crystalline silicon solar cells. Starting this year, the cells will be supplied over a period of 10 years. The contract is worth more than EUR half a billion, the companies said.
Ersol is scheduled to receive downpayments from IBC SOLAR AG, which will later be credited to the German PV provider when the solar cells are purchased, in the form of a purchase price reduction. IBC SOLAR joined the ranks of ersol's major clients last summer. In June 2007 both solar companies concluded a contract to the value of roughly EUR 230 million, scheduled to run for several years.
This latest contract saw ersol increase its total order book value for solar cells to almost EUR 4 billion.
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