The ongoing wafer supply deal dispute between China Sunergy and REC Wafer entered a new phase with a Norwegian court ruling in favour of China Sunergy. REC Wafer is said to appeal the decision made by the Norwegian Court of Appeal.
According to a statement from China Sunergy, the contract entered into between REC SiTech AS and China Sunergy remained separate to REC Wafer, even though SiTech had been later amalgamated into REC Wafer due to a corporate reshuffle at REC Group.
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
Should the REC appeal fail, China Sunergy could be entitled to compensation and a US$50 million bank guarantee returned.
The dispute has been ongoing since 2009.
