$170 million solar cell supply contract awarded to ersol Solar Energy

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Solar Semiconductor, a solar photovoltaic module producer, has awarded
ersol Solar Energy AG a contract worth $170 million to supply 156mm
mono and multi-crystalline solar cells. These solar cells will be used
for solar module production in Solar Semiconductor’s new PV module
manufacturing plant in Hyderabad, India.

“As we move towards thinner solar cells adding this third bus bar
technology ensures a stronger connection between cells, lower breakage
rates, and better power efficiency. Our automated module line is
capable of handling < 180 µm, equating to 3 bus bar cells,” said
Hari Surapaneni, Chief Executive Officer of Solar Semiconductor. “ersol
is a pioneer in manufacturing Mono-crystalline cells with this 3 bus
bar technology and we are happy that together with ersol, we can
provide our customers the highest efficiency modules possible with
outstanding quality.”
 
“We
plan to double our current module manufacturing capacity of 50 MW by
early 2008 with more rapid expansion planned in the coming 10 to 15
months. We are pleased that ersol will be a key partner in helping us
realize our business objectives,” added Surapaneni.

The long-term supply agreement will run until 2017 and ensures lower contract prices for Solar Semiconductor.

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