Solar EnerTech Signs Long-Term Polysilicon Supply Contract

Menlo Park, California [] Solar EnerTech Corp. signed a ten-year material supply contract with Jiangsu Photovoltaic Industry Development Co., Ltd. (JPID) of China for the provision of polysilicon refined as semiconductor-grade material to meet both Solar EnerTech’s initial needs as well as projected demands, which enables Solar EnerTech to enter the next stages of growth with planned output to double up to 50 megawatts (MW) this year, and increase by stages to a further 80 MW followed by 130 MW in 2008 and 2009, respectively. JPID has provided information that shows it may well be on its way towards becoming the largest polysilicon manufacturer in China with proposed capacity of 2100 metric tons in 2008 and 5000 metric tons in 2009.


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