Suniva signs $300 million five-year monocrystalline wafer deal with REC

Facebook
Twitter
LinkedIn
Reddit
Email

Suniva
has signed a long-term monocrystalline silicon wafer purchase order
with REC to meet its initial PV production plans of 32MW capacity, and
to reach 130MW over the next two years. The contract, Suniva said,
ensures access to more than $300 million worth of monocrystalline
silicon wafers through 2013.

“This contract is aligned with our increasing presence in the high efficiency monocrystalline cell segment and comes in addition to the significant contract portfolio signed to date,” said Erik Thorsen, President and CEO of REC. Ingelise Arntsen, EVP of REC Wafer added, “We look forward to work with the technical team of Dr. Ajeet Rohatgi to further improve the performance of monocrystalline silicon cells.”

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“Suniva is building its brand based on our company’s high value solar cells, which achieve increased conversion efficiency while maintaining low costs. Our long-term supply agreement with REC, a respected global market leader, cements Suniva’s position at the forefront of the US-based solar cell manufacturing market,” said Suniva CEO John Baumstark.

Read Next

Premium
October 10, 2025
Gaëtan Masson of IEA PVPS warns of overcapacity, collapsing prices and slipping module quality in the new Trends in PV Applications report.
October 10, 2025
The European solar module market has reached a “state of equilibrium” in recent weeks, with stable prices and regular demand.
October 10, 2025
US solar recycling firm OnePlanet has achieved the R2v3 certification from electronics sustainability non-profit SERI, which represents the “highest standards of traceability”.
October 10, 2025
NTPC Renewable Energy Limited has signed an MoU with the Government of Gujarat to develop 15GW renewable energy projects in Gujarat.
October 10, 2025
Australia's renewable energy sector recorded its slowest month of the year for additions in September, with 5.8GW of new projects added to development pipelines, according to data from Rystad Energy.
October 9, 2025
The Australian government has announced the results of the fourth Capacity Investment Scheme (CIS) tender, with 6.6GW of renewables awarded long-term contracts.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK