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

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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.”

“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.

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