Suntech’s sales pipeline has received a three-year hike as the company has announced the cementing of three long-term supply agreements for up to 490MW of PV modules. The large orders confirm the optimistic view for 2010 orders expressed by major industry players such as Canadian Solar, Sunergy and Trina Solar last month.
The agreement will see the modules supplied over a three-year period, with 115MW planned for supply in 2010, 155MW in 2011 and 220MW in 2012. Each of the individual agreements has been signed with the option to increase volumes.
Although the customers in question were not directly named, some details were revealed that may provide sufficient information for interested parties to work out the identity of the three companies. Europe-based and existing long-term partners of Suntech, the companies were described as a value-added reseller, an EPC company and a project developer.
“Customers choose to partner with Suntech because of our proven commitment to quality, reliability and performance, which is backed up by over 1.5GW of installations,” said Jerry Stokes, Suntech’s VP of Strategy and Business Development. “With the solar market expected to resume strong annual growth in 2010 and beyond, it is essential for both our partners and Suntech to gain a clearer understanding of future market drivers and project pipelines.”