Suntech & Enel Sign 30-MW Supply Deal

Suntech Power Holdings Co. Ltd. announced it has signed a two-year agreement with Enel.si, a subsidiary of Enel, to supply 30 megawatts (MW) of solar photovoltaic (PV) modules in late 2008 and 2009.

According to Suntech, the deal with Enel comes as Italy is set to become a larger part of the solar market and the company is focusing its efforts there in addition to meeting the demand from other key markets including Germany, Spain, France, South Korea and the U.S.

“This agreement with Enel.si is in-line with our strategy to establish mutually beneficial, long-term relationships with companies that are well positioned to service the growing demand for solar energy,” said Dr. Zhengrong Shi, Suntech’s chairman and CEO.

In a related story, Trina Solar Ltd. announced that it plans to supply 17 MW of solar PV modules to Enel. Under terms of the two-year agreement, Trina Solar will supply Enel with PV modules starting in 2008, which includes 15 MW of scheduled delivery for 2009 at fixed prices.

 

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