Quantum Fuel Systems Technologies Worldwide Inc. says its German solar strategic partner, Asola Advanced and Automotive Solar Systems GmbH, has signed a 10-year supply contract with ersol Solar Energy AG for the procurement of 155 MW of high-efficiency silicon photovoltaic solar cells, starting in 2008. The potential revenue associated with the purchased ersol cells is estimated to exceed $500 million.
The agreement guarantees a 10-year supply of solar cells to Quantum and Asola, avoiding any potential future disruptions due to polysilicon shortages. Quantum and Asola intend to jointly utilize the ersol cells for the manufacture of high-quality solar modules for commercial, residential and automotive applications in both Europe and the U.S.
This guaranteed supply will enable the expansion of Quantum and Asola solar modules into Germany, Spain, Italy and France as well as into the U.S., beginning in California, the companies add.
