Canadian Solar Inc. (CSI) has signed an annual solar cell supply contract with long-term supplier Gintech Energy Corp. of Taiwan. Total shipments under the contract are between 17 MW and 22 MW, with fixed pricing and delivery schedules in 2008. The shipment will start in January 2008.
"We were able to secure this new contract on competitive terms due to our strong relationship with Gintech, which has been a valued partner of CSI since 2004," comments Dr. Shawn Qu, CEO of CSI." At fixed pricing with scheduled delivery times, the contract provides added visibility into our supply channel to support our 2008 business plan."