Neo Solar Power (NSP) has placed a $450 million multi-crystalline silicon wafer supply contract with REC ASA. The contract will start in the second half of 2009 and run through 2015. The agreement is structured as a take-or-pay contract with pre-determined prices and volumes for the entire contract period, REC said.
“Including this latest contract, most of our wafer production for 2010 has now been sold. This should give us a relatively good visibility on revenues and earnings going forward”, says Erik Thorsen, President & CEO.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
Taiwan-based NSP added four additional production lines in mid-August 2008, adding 120MW to its capacity base. Total capacity will now be 210MW for 2008. The company plans to add an additional 300MW of capacity in 2009.
NSP has secured several major long-term wafer supply deals this year to match its aggressive capacity ramp goals, including a supply deal with LDK Solar, which was a 500MW, ten-year multi-crystalline contract starting in 2009.
