Advent Signs Wafer Supply Agreement With Deutsche Solar
Posted on: Tuesday, 14 October 2008, 09:00 CDT
Advent Solar has signed an agreement with Deutsche Solar, pursuant to which, Deutsche Solar will provide Advent with its Solsix wafers through 2018 with a total value of more than $350 million.
The steady silicon wafer supply will enable Advent's business expansion through the introduction and delivery of next-generation solar modules based on its Ventura technology.
Peter Green, president and CEO of Advent Solar, said: "Advent Solar Ventura technology is designed to increase efficiencies at every stage of development, from cell design to manufacturing and production, and wafers are a critical component of this approach.
"Advent Solar is excited about SolarWorld's Solsix wafers and their proven ability to obtain top values during cell manufacturing. Our agreement with Deutsche Solar significantly increases Advent's secured wafers and will allow us to quickly begin offering modules based on Ventura solar technology."
Source: Datamonitor
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