Quantum and Asola Sign 155MW Solar Cell Deal With Ersol

Quantum Fuel Systems has announced that its German solar partner Asola has signed a 10-year supply contract with Ersol Solar Energy for the procurement of 155MW of high-efficiency silicon photovoltaic solar cells, starting in 2008.

The potential revenue associated with the purchased Ersol cells is estimated to exceed $0.5 billion. The agreement guarantees a 10-year supply of solar cells to Quantum and Asola, avoiding any potential future disruptions due to polysilicon shortages, as have been experienced recently by the solar cell industry.

Quantum and Asola intend to jointly use the Ersol cells for the manufacture of high-quality solar modules for commercial, residential and automotive applications in both Europe and the US.

Dr Claus Beneking, CEO of Ersol, said: “We are very pleased to enter into this relationship with our long-term partner Asola. Together with Quantum and Asola, we hope to accelerate our entry into the fast growing California solar market.”