China Technology Development Group has signed a strategic cooperation agreement with Goldpoly International to establish a long-term relationship for the supply of solar cells, and to jointly build up the vertically integrated PV value chain. The terms of the deal call for Goldpoly to provide CTDC with at least 100MW polycrystalline-silicon PV cells per year, at the lowest market price, beginning in 2011. CTDC agreed to preferentially purchase the cells from Goldpoly as its major supplier.
The Chinese companies plan for jointly developing the vertically integrated PV industry chain has CTDC focused on the downstream part of the industry, including PV modules manufacturing and PV application solutions, while Goldpoly will handle cell production.
Financial terms of the agreement were not disclosed.