Suntech Announces Five-Year Silicon Wafer Purchase Agreement

Wuxi, China [RenewableEnergyAccess.com] Suntech Power Holdings Co., Ltd. entered into an agreement with a China-based, U.S.-owned leading manufacturer of silicon wafers to purchase silicon wafers over a five-year period. The contract provides for increased volumes over the course of the term with an annual price review. Based on existing contract prices, the value of the silicon wafers to be supplied is approximately $475 million to $580 million. The delivery of wafers under the contract is expected to begin in the first quarter of 2007.
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