Chinese-Russian Agreement On Silicon Supply


China's Trina Solar Ltd., a manufacturer of solar photovoltaic products, has signed a long-term silicon supply agreement with Nitol Group, a chemical company based in Moscow.

Under this five-year agreement, Nitol Group will supply Trina Solar with virgin polysilicon sufficient to produce over 200 MW of modules in aggregate. While the delivery of polysilicon will start in 2009, Trina Solar will have the opportunity to purchase polysilicon in 2008 from a pool of unallocated production.

''The cooperation with Nitol will enhance our production capabilities in the coming years and further our expansion goals,'' says Jifan Gao, Trina Solar's chairman and CEO. ''Trina Solar has a great deal of confidence in the success of Nitol's polysilicon production capabilities, as Nitol has the potential to become one of the top global manufacturers of polysilicon.''

Trina Solar stated this new silicon supply agreement will enhance its management of raw material supplies. Prior to this contract, the company said it had secured over 60% of polysilicon requirements for its 2008 planned production.

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