GCL-Poly Energy’s Solar Energy Technology subsidiary has signed a second long-term solar wafer supply deal with Taiwanese PV cell and module maker DelSolar. The new agreement, calling for 664MW of wafers, builds on a contract announced in late May and extends the terms from October 2010 to December 2015.
The companies said that the agreement includes a mechanism by which the parties may adjust prices to better reflect prevailing market conditions. DelSolar noted that it expects the alliance to greatly enhance its overall operational needs and profitability.
“Both companies have been performing very well in meeting their obligations since signing the first wafer supply contract in May 2010,” said R.C. Liang, DelSolar’s chairman/CEO. “In order to strengthen our strategic partnership with GCL-Poly and to secure the material needs for DelSolar’s future expansion, we have proactively discussed the second long-term supply contract with GCL-Poly. DelSolar was pleased to quickly reach agreement on the second supply contract with GCL-Poly. This agreement will enhance DelSolar’s market position and strengthen the strategic partnership
between the two companies.”
“We are delighted to be able to sign the second wafer supply agreement with DelSolar, a leading
solar company in Taiwan, so soon after we signed the first wafer supply contract,” said Zhu Gong Shan, executive director/chairman/CEO of GCL-Poly. “This demonstrates again the endorsement and recognition of GCL-Poly’s products and customer services by leading industry players. I look forward to closer cooperation with DelSolar in the future, thus creating a win-win situation for both companies within the fast-growing solar industry.”
GCL-Poly announced in late July that it will boost its solar wafering capacity another 1GW in addition to the 2GW already planned. The company said that it had 1.2GW of capacity online in June and expected to reach 2GW by October. The Hong Kong-based operation also opened a 200,000MT hydrochlorination plant earlier this year.