November 19, 2007 – China Sunergy Co. Ltd. says it has entered into various agreements to supply up to 25MW of solar cells to Canadian Solar in 2008, with about 1/4 of the volume based on fixed pricing terms.
The deal “signifies a substantial development in our relationship with Canadian Solar, one of the leading China-based module manufacturing companies,” noted China Sunergy CEO Allen Wang, in a statement. [Canadian Solar has an office in Suzhou.] Shawn Qu, CEO of Canadian Solar, added that the deal “provides further visibility to the supply contracts we had in place in order to support our 2008 business plan,” and supports the firm’s long-term supply chain plans for “continued direct purchasing from a selected number of long-term strategic cell suppliers in addition to our internal solar cell production.”
Meanwhile, China Sunergy says it has ramped to mass production of selective emitter cells, having recently completed commissioning new production equipment. Average efficiency rates during the first few days of volume output were 17.5%, close to peak levels of 18.2% achieved on certain pilot runs in early November, the company noted.
Want noted that the company aims to sustain 18% efficiency and beyond in 2008, and plans to add another four production lines in 2H08 to help boost margins.