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Suniva, Titan Energy Systems Sign Long-Term Supply Contract

Posted on: Friday, 22 August 2008, 12:00 CDT

Suniva, a manufacturer of crystalline silicon solar cells, has entered into a long-term supply contract with Titan Energy Systems, a manufacturer of solar modules and specialty photovoltaic products in India.

Suniva will produce more than $480 million worth of high-efficiency monocrystalline silicon solar cells to be used in Titan's efficiency product lines. The contract is structured as a take-or-pay agreement lasting through 2013.

Suniva's new high-volume manufacturing center is located in Atlanta, US, and the company is scheduled to begin shipments from its first 32MW line during the fourth quarter of 2008. The facility will add more than 130MW of additional capacity over the next two years to meet demand from Titan, Solon and other customers.

John Baumstark, CEO of Suniva, said: "As Suniva expands its international presence in Europe and Asia, we are happy to establish this relationship with Titan. This agreement furthers Suniva's strategy of manufacturing and delivering high-efficiency, low-cost cells to the preeminent module manufacturers across the globe."

Source: Datamonitor

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