wafer supplier REC ASA has entered into a new long-term agreement for
supply of multicrystalline silicon wafers to Taiwanese company Neo
Solar Power. The contract will see REC supply the wafers, worth over
US$452 million (NOK 2.6 billion), to Neo Solar Power until 2015.
The pre-determined price structure agreed under the terms of this agreement will see deliveries of the fixed volume of wafers begin in the second half of 2009. This new contract accounts for most of REC’s wafer production output for 2010, according to the company.
By Síle Mc Mahon