Centrosolar extends agreement with Q-Cells for the direct supply of Solar cells
Source: Centrosolar.com press release /Aprl 26, 2007
http://www.centrosolar.de/index_e.php
Munich, April 26, 2007
Solarsquare AG, now a subsidiary of CENTROSOLAR AG, acted promptly to access sources of supply for pure solar silicon. This raw material, which is required in the production of solar cells, was procured on behalf of the cell manufacturer Q-Cells. In return, the latter has (among others) hitherto supplied Solarsquare with solar modules, which Solarsquare has then marketed. This supply agreement, which involves annual quantities currently amounting to almost 12 MWp, has now been improved. In future, on Q-Cells will be supplying Solarsquare AG with solar cells rather than modules; now that Solarsquare is part of the CENTROSOLAR Group, it has direct access to the group’s facilities for processing cells into customer-specific module types. CENTROSOLAR is consequently able to make more effective use of its own, existing value chain and boost its rate of return.
Q-Cells intends to offer further quantities to CENTROSOLAR over and above those envisaged by the supply agreement. A certain volume of supplies has moreover been agreed for the period after 2009. The new agreement thus places the existing business relations between the two companies on an even broader, long-term footing.