IBC SOLAR places 10-year solar cell order with ersol worth over €500 million

The second long-term supply order for IBC SOLAR over the past few days brings the company’s total spend this week to approximately $2 billion. The company has placed an order with ersol Solar Energy AG for the supply of crystalline silicon solar cells over the next 10 years, an order that is worth over €500 million. The $2 billion total also takes the company’s recent $1.2 billion order with Evergreen Solar into account.

The high-grade solar cells will be delivered to IBC’s Bad Staffelstein location in Upper Franconia in Germany over a 10-year period. ersol will receive a downpayment
from IBC SOLAR, which will later be credited to the company at time of purchase. This latest contract brings ersol’s total order volume to close to €4 billion.