MEMC says Conergy contract remains in place; legal battle looms


Hopes of a revision to Conergy’s 10-year wafer supply agreement with MEMC have rescinded as soon as they were raised, with MEMC noting in a press statement covering first quarter financial results that the ‘contract remains in full force and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

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 17, 2024
Lisbon, Portugal
Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Sydney, Australia