Massachusetts, United States [RenewableEnergyWorld.com] Spire Corporation has entered into two contracts to supply Uni-Chem Co. Ltd. a 60-megawatt (MW) per year turnkey solar cell production line and a 50-MW per year turnkey module production line, as well as the associated utilities and infrastructure support.
Uni-Chem has indicated its intent to lease space from Spire at its Hudson, New Hampshire Semiconductor facility to house the automated 60-MW cell line and 50 MW module line. Terms of the sub-lease are not yet fully defined and currently under negotiation. The lines are planned to become operational in the second half of 2010.
Additionally, Uni-Chem has agreed it will form a U.S. entity, which will purchase 51% of Spire Solar Systems, Spire Corporation’s system integration business, subject to definitive documentation. Such definitive agreements have not yet been finalized.
“We are excited to have finalized the cell and module turnkey manufacturing agreements with Uni-Chem. We believe their cell and module manufacturing will position them to participate in the US solar market, which is anticipated to be one of the world’s fastest growing. The total value of the contracts, including those relating to the investment in the systems integration business, is approximately $60 million,” said Roger Little, chairman and CEO of Spire Corporation.