3U Solar Systemhandel has entered into a framework contract where it will acquire 25MW of Canadian Solar PV modules. The contract is valued at €30 million for 2011 with its parent company, 3U Holding guaranteeing the financing of the agreement. Additionally, 3U Solar signed a second supply contract with an unidentified trading and project company based in Berlin, Germany. The second contract holds a €18.5 million value.
In response to its two new supply contracts, 3U Holding has expanded its 2011 sales forecast for its renewable energies division. Originally, the company had projected sales to reach €10 million this year, but has augmented its projection to €30 million.
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