Thursday, November 29, 2007

Canadian Solar signs $60M annual solar cell supply contract with Gintech Energy

November 26, 2007: 09:55 AM EST

NEW YORK, Nov. 26, 2007 (Thomson Financial delivered by Newstex) -- Canadian Solar (NASDAQ:CSIQ) Inc. Monday signed an annual solar cell supply contract for about $60 million with long-term supplier Gintech Energy Corp.Under the contract, Canadian Solar expects to receive total shipments between 17 megawatts and 22 megawatts, starting in January 2008.Canadian Solar has been using Taiwan-based solar cell manufacturer Gintech Energy since 2004.Shares of Canadian Solar, a Changshu Suzhou, China-based solar modular products company, were up 6.1% to $16.42.

No comments: