China Sunergy Co. Ltd., a specialized solar cell and module manufacturer based in Nanjing, China, has entered into a long-term wafer supply agreement with GCL-Poly Energy Holdings Ltd.
Under the terms of the agreement, GCL-Poly will supply China Sunergy with an aggregate of approximately 4,400 MW of wafers over six years. Delivery of wafers will commence this month and is expected to be completed in December 2016. The agreement also contains a clause for a price adjustment mechanism based on wafer market price.
SOURCE: China Sunergy Co. Ltd.