ersol Solar locks in more polysilicon supply from 2010 onwards as constraints persist

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ersol Solar Energy AG has said that another new
polysilicon supply contract with Wacker Chemie AG has been signed that
secures 300MWp of crystalline solar cell capacity from 2010 onwards and
lasts for 9 years. The forward-looking move is due to ersol Solar’s
expecting persistent polysilicon supply constraints far beyond current
market expectations.

 

“ersol still believes that silicon will remain the
limiting factor in the PV industry in the near future. To secure growth
we decided to sign a further long-term contract with Wacker,” said Dr.
Claus Beneking (pictured), CEO of ersol Solar Energy AG. “The agreed
silicon prices enable us to offer our solar cells to ersol customers at
attractive rates under equally long-term contracts.”

The
companies have agreed a fixed price throughout the term of the future
contract, with ersol planning to make down payments to Wacker Chemie.

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