China-based PV cell and module manufacturer, Realforce Power Co has entered into a long-term wafer supply deal with GCL-Poly. Under the supply contract, GCL-Poly is providing a total of 4,200MW of solar wafer products starting from July 2011 to December 2016. A price adjustment mechanism is included in the contract, according to the wafer producer. GCL-Poly has provided wafers to the 3-year old start-up for some time.
“We are very conservative in selecting strategic and cooperative partners. The rapid development momentum and solid corporate culture of Realforce Power let us firmly believe that our cooperation with Realforce Power will lead us to a bright development prospect,” commented Shu Hua, the Executive Director and President of GCL-Poly.
Realforce Power claims it will reach a cell capacity of 700MW by the end of the year, up from 300MW earlier in the year. Module capacity was claimed to be 200MW recently, but the company has plans to increase capacity to 600MW by the end of 2011.
At end of year capacity figures the deal would indicate that the majority of its wafer requirements could be met by the new long-term contract with GCL-Poly. Realforce Power was established in 2008 in Jining, Shandong province, China.