Sunways AG enters into prepayment contract for solar cell shipments with SOLARWATT AG
Press release from Sunways AG, 30 June 2008
http://www.sunways.de/en/press/pm_overview.php?we_objectID=2106
Sunways AG, Constance, will supply SOLARWATT AG, Dresden, with solar cells from 2009 onwards. The prepayment contract has a five-year term and relates to a total volume of 155 to 160 megawatts of mono- and multicrystalline solar cells. The quarterly delivery volumes to SOLARWATT will gradually increase each year in line with the expected expansion of Sunways AG’s production capacities. Initially, SOLARWATT will receive a maximum of 20 megawatts of solar cells next year, including an option for five megawatts; in 2013, the delivery volume will be 50 megawatts. The prepayment amount will not be disclosed. (more…)