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
August 3, 2026
Australia's National Electricity Market recorded a combined 3,320GWh of solar generation in July 2026, comprising 1,448GWh from utility-scale assets and 1,872GWh from rooftop systems.
August 3, 2026
Trinasolar has been selected to supply solar modules for the Good Earth Green Hydrogen and Ammonia project in New South Wales, Australia.
July 31, 2026
FIC has acquired Perfect Power, developer and owner of the Jaguar Energy Centre, a planned 1.15GW solar and battery storage platform.
July 31, 2026
The Colombian Ministry of Mines and Energy has awarded 995MW of solar PV and nearly 100MW of battery energy storage system (BESS) in a clean energy procurement auction.
July 31, 2026
Solar PV solutions provider Nextpower has registered a record quarterly eBOS bookings in the second quarter of 2026 and completed the acquisition of Zigor Corporation and its US-based subsidiary, Apex Power.
July 31, 2026
German solar research centre the Fraunhofer Institute for Solar Energy Systems (Fraunhofer ISE) has signed an agreement with Himachal Pradesh University to pursue research into floating solar PV.

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