Solar

SolarWorld Signs US $1.2 Billion Deal

Solar Semiconductor has concluded a comprehensive delivery agreement with SolarWorld AG subsidiary Deutsche Solar AG.

The agreement is a multi-year contract for the delivery of wafers worth more than US $1.2 billion. Deutsche Solar operates one of the largest factories in the world for the production of multi-crystalline solar silicon wafers.

“Solar Semiconductor has a reputation for delivering the highest quality modules to the global marketplace. One of the key raw materials is the cell which derives its high quality from the source wafer,” said Hari Surapaneni, CEO of Solar Semiconductor. “As a rapidly growing manufacturer of high-quality modules, it is important to assure our customers that we not only use cells from reputed manufacturers, but also employ high-quality wafers to ensure high-quality cells.”