Sunday, September 14, 2008

China's Trina Solar signs 2-year sales agreement with Invictus in Belgium

September 12, 2008: 10:11 AM EST

NEW YORK (Associated Press) - Trina Solar Ltd., a Chinese solar photovoltaic products manufacturer, said Friday it has reached a two-year agreement to sell 50 megawatts of solar modules to Belgium-based Invictus NV.

Trina's subsidiary, Changzhou Trina Solar Energy Co. Ltd., will sell Invictus 20 megawatts of product in 2009 and 30 megawatts in 2010 at predetermined prices. There also is an option to sell Invictus an additional 10 megawatts of product each year.

Financial terms of the agreement were not disclosed.

The Changzhou, China-based company said it has now sold about 70 percent of its estimated 2009 target of 450 megawatts of products.

Trina manufactures solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules.

LDK Solar to process silicon into wafers for German solar cell manufacturer Q-Cells AG

September 12, 2008: 10:22 AM EST

NEW YORK (Associated Press) - LDK Solar Co. Ltd. said Friday it has signed an 11-year agreement with Q-Cells AG of Germany to process solar-grade silicon into wafers.

LDK, based in Xinyu City, China, said it will process at least 20,000 metric tons of solar grade silicon provided by Q-Cells between 2008 and 2018 with an option to process an additional 21,000 metric tons in the same decade.

The agreement is part of a memorandum of understanding that calls for LDK Solar to supply the German company with up to five gigawatts of multicrystalline solar wafers between 2009 and 2018.

LDK manufactures and sells multicrystaline solar wafers, the main raw materials used to produce solar cells. Q-Cells AG of Bitterfeld-Wolfen is a leading manufacturer of solar cells.