MEMC says Conergy contract remains in place; legal battle looms

Facebook
Twitter
LinkedIn
Reddit
Email

Hopes of a revision to Conergy’s 10-year wafer supply agreement with MEMC have rescinded as soon as they were raised, with MEMC noting in a press statement covering first quarter financial results that the ‘contract remains in full force and effect.’ In a conference call to discuss financial results, MEMC executives said that Conergy had already been advised that the existing contract would remain in place.

Conergy had threatened legal action over negotiations failing. MEMC said in the conference call that it had not yet received notice of any legal proceedings.

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

MEMC has however renegotiated two long-term contracts, where prices have been adjusted lower but wafer supply increased. The companies successful in renegotiated contracts are believed to be Suntech and Gintech, according to a financial analyst comments during the conference call.

Conergy had wanted to scrap the current wafer supply deal and enter into a two year deal with reduced prices.

Read Next

May 30, 2025
Independent power producer (IPP) Aquila Clean Energy has started construction on a 52MW agrivoltaics (agriPV) project in Italy.
May 30, 2025
The US added 7.4GW of new renewable energy capacity in the first three months of 2025, with deployments and planned projects concentrated in Republican-voting states.
May 30, 2025
Solar and wind curtailment have increased by 29% between 2023 and 2024 in California, according to the US Energy Information Administration.
May 30, 2025
Companies delayed or cancelled US$14 billion in investments in clean energy projects in the US in the first four months of this year.
May 30, 2025
Waaree Solar Americas – a subsidiary of Indian solar manufacturer Waaree Energies – has signed a 586MW solar module supply agreement with an undisclosed independent power producer (IPP).
May 30, 2025
Spanish independent power producer (IPP) has unveiled two new solar-plus-storage projects, one in Central Chile and the other in Spain.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 8, 2025
Asia