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Canadian Solar Signs Annual Solar Cell Supply Contract With Gintech

Posted on: Tuesday, 27 November 2007, 12:01 CST

Canadian Solar has signed an annual solar cell supply contract with long-term supplier Gintech Energy Corporation of Taiwan. Total shipments to Canadian Solar under the contract amount are between 17MW to 22MW with fixed pricing and delivery schedules in 2008. The shipment will start in January 2008.

Scott Kuo, chairman of Gintech, said: "Gintech is committed to delivering solar cells of the highest quality at competitive prices to serve our clients. Our goal is to become the best and specialized solar cell producer with solid and diversified customer relationship. Our continued relationship with Canadian Solar (CSI), one of the leading solar manufacturing companies, brings us closer to this goal."

Shawn Qu, CEO of CSI, said: "We were able to secure this new contract on competitive terms due to our strong relationship with Gintech, which has been a valued partner of CSI since 2004. At fixed pricing with scheduled delivery times, the contract provides added visibility into our supply channel to support our 2008 business plan."

Source: Datamonitor

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