ersol Solar Energy AG has signed a 10-year, EUR 500 million contract with IBC SOLAR AG for the supply of crystalline silicon solar cells. ersol is scheduled to receive downpayments from IBC SOLAR AG, which will later be credited to the German PV provider when the solar cells are purchased, in the form of a purchase price reduction.
In June 2007, the companies concluded a contract valued at approximately EUR 230 million, scheduled to run for several years. The conclusion of this latest contract increases ersol's total order volume for solar cells to almost EUR 4 billion.
‘Now, even more high-efficiency BluePower and BlackPower solar cells will be fitted in IBC SOLAR's high-quality photovoltaic modules,’ says Dr. Claus Beneking, CEO of ersol.