Suntech signs polysilicon, wafer supply deal with GCL Silicon


Suntech Power Holdings signed new supply agreements with GCL Silicon Technology, under which GCL will supply 9420 metric tons of polysilicon and 1.1 GW of silicon wafers to the Chinese photovoltaic solar cell and module manufacturer from 2008 to 2012.

“These agreements with GCL Silicon will greatly strengthen our silicon pipeline and support our capacity and production expansion over the next five years,” said Dr. Zhengrong Shi. “With steep declining cost curves, these agreements are in line with our strategy to quickly reach grid parity and extend our position as a leading global provider of solar products.”
With these new agreements, Suntech has secured approximately 1 GW of silicon for 2009. The company recently signed over 200 MW of fixed-price, fixed-volume sales contracts for 2009 and targets to finalize approximately 500 MW of additional sales contracts by the end of September.
Within the past several months, Suntech has inked multiyear deals with companies such as Wacker Schott, PV Crystalox, and Shunda (in which it holds a minority interest) for hundreds of megawatts of wafers and Nitol Solar (in which it also has a minority interest), Hoku, and DC for thousands of tons of polysilicon. 
During its most recent quarterly financial call, the company reported it had 660 MW of cell-manufacturing capacity in place at the end of the second-quarter 2008 and expected to reach the gigawatt capacity level by year’s end. Suntech also said that it had raised its earlier annual production target for 2008 from 530 MW to 550 MW.
The company ranked third globally in solar-cell production in 2007, following Q-Cells and Sharp, according to several industry surveys.

— Tom Cheyney

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • 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

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 21, 2024
Sydney, Australia
Solar Media Events
May 21, 2024
Napa, USA
Solar Media Events
May 22, 2024
London, UK
Upcoming Webinars
May 29, 2024
11am (EDT) / 5pm (CEST)