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

July 17, 2026
US solar developer Sol Systems has reached financial close on its 123MWac Peoria Solar Portfolio in Illinois.
July 17, 2026
The Zambian government has signed five contractor groups to build 312MW of solar capacity, with a 2MW solar plant in each constituency.
July 17, 2026
Renewable energy generation is now accelerating faster than energy systems can absorb it, according to Schneider Electric's Frédéric Godemel.
July 17, 2026
Qcells has become the first company to achieve UL Standards & Engagement (UL) and the International Electrotechnical Commission (IEC) certifications for silicon-perovskite tandem solar technology.
Premium
July 17, 2026
PV Talk: Solclaris' Joe Miletic discusses the 'ready-to-repower' stage of PV project O&M and how it differs from the 'ready-to-build' stage.
July 17, 2026
German solar inverter producer SMA Solar has raised its full-year 2026 financial guidance following its preliminary Q2 financial results.

Upcoming Events

Solar Media Events
October 13, 2026
San Francisco Bay Area, USA
Solar Media Events
November 3, 2026
Málaga, Spain
Solar Media Events
November 24, 2026
Warsaw, Poland
Solar Media Events
April 20, 2027
Istanbul, Türkiye