ersol and Wacker Sign New Agreement

ersol Solar Energy AG has signed a contract with the German company Wacker Chemie AG for silicon production. The contract will last 9 years and will have a total production output of approximately 300 megawatts (MW).

This contract will apply from 2010 onwards and the silicon price has been fixed for the entire term of the contract. ersol’s plans to further establish itself in the PV field through this contract with Wacker.

“ersol still believes that silicon will remain the limiting factor in the PV industry in the near future. To secure growth we decided to sign a further long-term contract with Wacker,” said Dr. Claus Beneking, CEO of ersol. “The agreed silicon prices enable us to offer our solar cells to ersol customers at attractive rates under equally long-term contracts.”
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