Suniva & Titan Energy Sign US $480M Deal

Suniva Inc. has entered into a long-term supply contract with Titan Energy Systems Ltd, one of India’s largest and longest-standing manufacturers of solar modules.

Suniva will produce more than US $480 million worth of high-efficiency monocrystalline silicon solar cells to be used in Titan’s highest efficiency product lines. The contract is structured as a take-or-pay agreement lasting through 2013. This contract brings Sunvia’s sales for the year close to US $1 billion, the company said.

“Suniva’s optimized solar cells fit well with Titan’s high-efficiency module application platform, and this agreement allows us to diversify our quality supply chain,” said Rao SYS Chodagam, managing director of Titan. “In addition, we look forward to a solid collaboration with Suniva’s exceptional technical team.”

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