Pending
approval from both company Boards, Trina Solar and GT Solar have signed
a supply agreement for the latter to supply primary converter and
reactor systems to the value of approximately $49 million, payable over
a period of 12 to 18 months. Trina is purchasing the polysilicon
manufacturing equipment to further extend the company’s technology and
polysilicon production.
“We are very excited to further our partnership with GT Solar, who will provide us a world class platform which is expected to extend our technology, brand and cost advantages to include silicon feedstock under our vertically integrated manufacturing model,” said Jifan Gao, Chairman and CEO of Trina Solar. “We believe GT Solar’s advanced technology will help Trina Solar to reduce cost in the long run in connection with our polysilicon production.”
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By Síle Mc Mahon