MEMC signs $3 billion solar wafer supply agreement with Tainergy

Facebook
Twitter
LinkedIn
Reddit
Email

MEMC Electronic Materials, Inc. has announced the signing of an agreement for the supply of solar wafers to the value of over $3 billion to Tainergy Tech Co., Ltd., a Taiwan-based solar cell manufacturer. The agreement, which will see MEMC provide Tainergy with solar wafers for the next ten years, will commence in the third quarter of 2008.

The price of the wafers has been pre-determined, allowing for an estimate of the value of the deal. Tainergy and MEMC have agreed an advance in funds to MEMC via a refundable capacity reservation deposit. MEMC has also been presented with the opportunity to purchase a 10% interest in Tainergy.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“We are pleased to have entered this long-term agreement to provide solar wafers to Tainergy,” said Nabeel Gareeb, MEMC’s CEO. “The company’s roots in equipment manufacturing and factory automation systems combined with a solid management team and geographic position should allow them to achieve success in the solar market. Today’s announcement marks the fourth strategic partner for MEMC in the solar arena, and the second in Taiwan, as MEMC continues to expand its customer list in solar applications and increase its geographic diversity.”

By Síle Mc Mahon

Read Next

September 16, 2025
IB Solar is investing INR30 billion (US$340 million) in a 4GW TOPCon solar cell and module manufacturing plant in Jewar, Uttar Pradesh.
September 16, 2025
Two of the major European solar trade associations, the European Solar Manufacturing Council (ESMC) and SolarPower Europe (SPE), have called for EU policymakers to take measures supporting European solar manufacturing.
September 16, 2025
The Philippines has commissioned the Batangas 1 project, the country's first to combine agriPV with a battery energy storage system (BESS).
September 16, 2025
Two Wisconsin Republicans have introduced legislation to open access to community solar projects in the US state.
September 15, 2025
Advances in edge-based artificial intelligence are helping make solar and storage interoperable by tackling the data challenge, writes Andrew Foster.
September 15, 2025
Italy’s latest renewable energy tender has received 12GW of bids, of which the majority, 10GW, came from solar PV.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines