North Coast Solar Stocks

June 24, 2008

Suntech and WACKER SCHOTT Sign 220MW Silicon Wafer Supply Agreement

Filed under: STP — Tags: , , — Jason @ 6:00 am

Tuesday June 24, 6:00 am ET

SAN FRANCISCO and WUXI, China, June 24 /Xinhua-PRNewswire/ — Suntech Power Holdings Co., Ltd. (STP), one of the world’s leading manufacturers of photovoltaic (PV) cells and modules, and WACKER SCHOTT Solar GmbH (“WACKER SCHOTT”), a joint venture of Wacker Chemie AG and SCHOTT Solar GmbH, today announced they have signed a long term silicon wafer supply agreement. Under the terms of the supply agreement, WACKER SCHOTT will supply Suntech specified annual volumes of silicon wafers with a total volume of approximately 220MW over the course of the contract.

“With the impressive reputations of Wacker Chemie AG and SCHOTT AG, we have no doubt that WACKER SCHOTT will become a reliable source of high quality silicon wafers for Suntech. We admire their efforts to rapidly develop commercial scale production of silicon wafers and look forward to being a long term customer,” commented Dr. Zhengrong Shi, Suntech’s Chairman and CEO.

“WACKER SCHOTT Solar is proud to have Suntech Power Holdings, one of the top cell and module manufacturers, on its customer list,” commented Axel Schmidt, Managing Director of WACKER SCHOTT Solar.

“We are continuously growing our production capacities. By doing so, we strongly benefit from the expertise of our joint-venture partners and from a secure supply of high quality polysilicon provided by WACKER,” said Dr. Patrick Markschlager, Managing Director of WACKER SCHOTT Solar. “Our focus is on supplying high quality solar wafers for first class PV systems with high cell efficiencies.”

Suntech partners with many first tier, international manufacturers across the entire solar value chain in order to build the highest quality modules and ensure continual product and technology evolution. Many of Suntech’s key equipment and materials originate in Europe including PV cell and module manufacturing equipment, module backsheets, adhesives, and silicon wafers.

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