Menlo Park, California [RenewableEnergyAccess.com] Solar EnerTech Corp. signed a five-year sales and distribution agreement with ErgonSolair-WonlexTech Group, an Italian solar products distributor, which is a result of trial purchases and recent visits undertaken by the Italian company at Solar EnerTech’s Jin Qiao Technology Park manufacturing facility.
The sales contract entails a five-year agreement to supply PV cells and modules to the Italian distributor at 10 megawatts (MW) per year and requires Ergon Solair-WonlexTech to use Solar EnerTech’s product brand name, SolarE, in its marketing efforts. As a result of this agreement, Ergon Solair-WonlexTech Group becomes Solar EnerTech’s official agent and distributor within the Italian market.
Solar EnerTech calculates that Ergon Solair-WonlexTech’s annual 10 MW commitment represents an approximate yearly value of $35 million in revenue at current prices and is subject to market variables based on prevailing industry price adjustments over the term of the agreement.
In order to meet demands, Solar EnerTech has been accelerating its manufacturing capacity since early April to accommodate the increase in orders from its customers throughout Europe, Asia, and Africa. The company expects to begin shipping the Italian orders in mid-July.
Ergon Solair-WonlexTech Group, headquartered in Citta di Castello, Perugia Province, Italy, is a PV products distributor and OEM contractor with operations on three continents. The company is active in many facets of the renewable energy sector, including the recycling of silicon materials from the integrated circuit industry.