Seoul, South Korea [RenewableEnergyWorld.com] Suntech Power Holdings Co., Ltd. has signed an eight-year polysilicon supply agreement with South Korea’s DC Chemical Co., Ltd. Under the terms of the agreement, DC Chemical will supply Suntech with specified annual volumes of polysilicon from 2009 to 2016 with a total value of approximately US $631 million.
“We highly respect DC Chemical’s ability to rapidly develop commercial scale production of polysilicon and contribute to the growth of the solar industry,” said Dr. Zhengrong Shi, Suntech’s CEO.
He added that the partnership with DC will help to expand Suntech’s relationship with companies in the South Korean solar industry as well as building a long-term supply pipeline.
Meanwhile, GT Solar Inc. has signed a follow-on contract valued at approximately US $200 million to supply DC Chemical with polysilicon reactors. The equipment will be used to expand DC’s facility in Gunsan, South Korea. The contract is for GT’s chemical vapor deposition polysilicon reactor.