Suntech signs 13-year 7GW wafer supply contract with Shunda Holdings

Facebook
Twitter
LinkedIn
Reddit
Email

Suntech
Power Holdings Co. Ltd. has acquired a minority stake in Shunda
Holdings, a China-based solar wafer manufacturer. The transaction saw
Suntech hand over $98.9 million to Actis, a private equity investor for
emerging markets, and to Waichun Investment Fund.

Suntech has also signed a 13-year silicon supply agreement with one of Shunda’s subsidiaries, which will see Shunda supply Suntech with approximately 530-540MW volume of silicon wafers per year from 2008 to 2020. The total supply over the contract lifetime is approximately 7GW.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

Not ready to commit yet?
  • 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

“This strategic investment and long-term supply agreement will be instrumental in the profitable and rapid growth of both Suntech and Shunda,” said Dr. Zhengrong Shi, Chairman and CEO, Suntech. “This is another example of how we can leverage funds raised through our recent convertible notes offering to pursue strategic investments and high volume contracts that strengthen the long-term cost structure of our business model.”

By Síle Mc Mahon

Read Next

August 29, 2025
Chinese module maker JA Solar has launched DesertBlue, a PV module designed for desert and semi-arid regions. 
August 29, 2025
Independent power producer (IPP) Verano Energy has closed a US$204 financing for a 83MW/660MWh solar-plus-storage project in Chile.
August 29, 2025
The first half of 2025 has been the strongest year for UK solar energy generation on record, according to a new report think tank Ember.
August 29, 2025
US-based climate insurance provider kWh Analytics has launched a new renewable energy insurance cover for extreme weather events.
August 29, 2025
US grid interconnection agreements grew by 33% in 2024, reaching 75GW, with three-quarters signed for solar PV and battery energy storage system (BESS) projects, according to a new report from energy market analyst Wood Mackenzie.
August 29, 2025
Meridian Energy and Nova Energy have established a JV to build and operate a 400MW solar plant in Rangitaiki near Taupo in New Zealand.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines