Canadian Solar Inc. (CSI), a vertically integrated manufacturer of solar cell, solar module and custom-designed solar application products, has signed a five-year supply contract with Neo Solar Power (NSP), a manufacturer of solar cells. According to the companies, NSP has been a stable supplier to CSI since March 2007.
Under the terms of the new agreement, NSP will supply several hundred megawatts of solar cells through 2013. The total contract value exceeds $500 million.
''We are pleased to extend our existing cooperation by entering into a long-term partnership with CSI, an industry-leading solar module maker, to support its rapid business expansion in coming years,’ says Dr. Quincy Lin, chairman and CEO of NSP. ‘The confluence of NSP's strength in cell quality and manufacturing efficiency and CSI's solid channel relations with solar system providers will allow us to deliver an integrated and effective solution in the photovoltaic value chain.''
SOURCES: Canadian Solar Inc., Neo Solar Power