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Solar, Q-Cells ink supply deal for India PV plant

Posted: 29 Aug 2007 ?? ?Print Version ?Bookmark and Share

Keywords:solar cells? India PV plant? supply deal?

Solar Semiconductor Inc. announced it has signed a supply contract with Q-Cells AG worth $170 million.

Solar, with its manufacturing base in Hyderabad, India, has signed a multiyear agreement for the supply of 156mm mono- and multicrystalline cells by Q-Cells for use in module production in Solar's photovoltaic module manufacturing plant in India.

"We have aggressive ramp up plans beyond 50MW for module production, immediately doubling at the beginning of year 2008 and rapidly expanding in the coming years. It is important to choose a partner whose vision and technology road map is consistent with ours," said Hari Surapaneni, the CEO of Solar, in a statement.

"We are delighted to have a business partner like Solar Semiconductor, whose expertise and presence in a key potential market like India and other international markets will be important for Q-Cells to further expand our position in new and growing international markets," said Anton Milner, Q-Cells CEO, in the same statement.

- Peter Clarke
EE Times Europe

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