NSP & Solarday Sign US $210M Solar Cell Deal

Neo Solar Power (NSP) and Solarday S.p.A. announced that the two companies have entered into a 5-year sales contract with a total value of US $210 million. This new contract, which will run from 2009 to 2013 calls for the delivery of solar photovoltaic cells and comes in addition to an existing 3-year sales contract between the two companies.

The original contract, which is valued at US $110 million started in 2008. Combining these two contracts, NSP has been awarded US $320 million in business from Solarday.  
“Ranked among top 3 solar module manufacturers in Italy, Solarday has been a strong partner for NSP. We are very pleased to further extend and broaden our partnership with Solarday. NSP has built a solid customer base consists of major module manufacturers in their respective geographic region. Following recent successful conclusion of wafer procurement contracts, NSP is well positioned to meet the robust demand of its customers and is expected to outpace the growth of the solar market,” said Dr. Quincy Lin, chairman of NSP.

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