PV Crystalox Solar signs 345MW wafer contract with major customer

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Crystalox Solar has announced that it has signed a new four-year
contract with one of its longest-standing customers. The agreement,
which is for the supply of multicrystalline silicon wafers, includes
predetermined prices for the four-year period with a total volume of
345MW. Neither the cost of the deal nor the customer involved was
disclosed.

Possible candidates for this ‘major customer’ title may be one of the company’s six long-term customers gained in the first half of this year, such as Suntech, Schott Solar, Q-Cells and SpectraWatt. However, in the same timeframe, around two-thirds of the company’s revenues came from three customers, two of which were Japanese (possibly Sharp/Mitsubishi) and the third being German (possibly Schott).

“This is an important step towards meeting our stated objective of having around 95% of our production for the next three years contracted by the end of the year,” said Iain Dorrity, CEO, PV Crystalox Solar.

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