Emcore Signs US $40M in Solar Cell Deals

Emcore Corporation announced that it has entered into two new supply agreements for solar cells and receivers with a combined total value of more than US $40 million. The larger of the two purchase contracts is a multi-year supply agreement for solar cells, to be delivered over four years.

The product to be delivered will be incorporated into concentrating photovoltaics (CPV) systems developed for commercial rooftop installations as well as utility-scale solar farms.

The customers placing these orders with Emcore are targeting CPV deployments in the United States with a particular focus on the California market, Emcore said. Production for these orders has already started and approximately US $1 million of product is expected to be shipped in the present quarte.

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