Conergy takes MEMC to court over anti-competitive contract

Facebook
Twitter
LinkedIn
Reddit
Email

Acting fast on last week’s news that MEMC would not cancel the 10-year contract to supply solar wafers, Conergy is starting legal action in New York City. Although few details have been revealed over the specific reasons, Conergy believes court action is justified as there were a number of invalid clauses in the contract but in particular ‘anti-competitive contractual provisions’ that rendered the entire contract invalid.

MEMC has recently renegotiated two long-term supply contracts that provided for lower wafer prices but an increase in the supply amount. Conergy wanted to replace the current deal with a two-year supply agreement and lower prices. Conergy said that talks with MEMC had broken down over ‘various auxiliary conditions,’ without elaborating.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Due to the current growing over supply of polysilicon and underutilisation of wafering capacity in the market, Conergy believes it has ample access to material required for production needs at its Frankfurt (Oder) module plant.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 10, 2024
Dallas, Texas USA
Solar Media Events
April 17, 2024
Lisbon, Portugal
Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Napa, USA