GiraSolar Group Signs New Cell Delivery Contract

Deventer, The Netherlands [] GiraSolar Inc.’s subsidiary DutchSolar BV has signed a multi-MWp cells supply contract with a German solar industry partner. DutchSolar BV expects direct revenues generated by this contract to exceed $9.5 million over a period of 12 months. First deliveries will start in June 2006. For FY 05/06, ending September 2006, revenue contribution is estimated at approximately $2.5 million. The remainder of the contract will contribute to FY 06/07. DutchSolar is a 100% owned subsidiary of GiraSolar BV of the Netherlands; GiraSolar BV is 51% owned by USA-based GiraSolar Inc.
Previous articleComposite Technology Acquires EU Energy’s DeWind Turbines
Next articlePennsylvania DEP Secretary Says RPS Is Great for Business, RE Insider Scott Sklar Takes the Pulse of the American People

No posts to display