Canadian Solar and SolarWorld Group Enter Into 180 Million Euro Supply Contract
JIANGSU, CHINA — January 24, 2007
source: Marketwire
http://www.marketwire.com/mw/release_html_b1?release_id=206890
Canadian Solar Inc. (“the Company” or “CSI”) (NASDAQ: CSIQ) today announces that it has signed a long term supply contract with Deutsche Solar, the wafer manufacturing subsidiary of Solar World Group of Germany. Under the contract, Deutsche Solar will supply to CSI approximately 180 million Euro worth of Solsix-Multi 6″ wafers over a 12 year period. Initial deliveries will start immediately, with full annual quantity deliveries to commence in January of 2009. CSI and Solar World Group have worked together for the past two years, during which time CSI has been providing recycled silicon feedstock for Deutsche Solar to turn into wafer on toll manufacturing basis.
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