14 February 2011
China Sunergy Co., Ltd., a specialized solar cell and module manufacturer based in Nanjing, China, announced today that it has entered into a long-term wafer supply agreement with GCL-Poly Energy Holdings Limited for an aggregate of approximately 4,400 MW of wafers over six years.
Delivery of wafers will begin this month and end in December 2016. The agreement also contains a clause for a price adjustment mechanism based on wafer market price.
China Sunergy Co., Ltd. manufactures solar cells from silicon wafers, which it sells to Chinese and overseas module manufacturers, system integrators, and solar power systems for use in various markets.
GCL-Poly Energy Holdings Limited is China's largest polysilicon producer and one of the world's leading wafer suppliers and also a top green energy enterprise in China. Annual polysilicon production capacity attained 21,000 MT by the end of 2010, and the quality of polysilicon products has reached electronic grade level. The Group's wafer production capacity achieved 3.5 GW in November 2010.