MEMC To Supply Tainergy With Solar Wafers

MEMC Electronic Materials Inc. and Tainergy Tech Co. Ltd. have executed a definitive agreement for MEMC to supply solar wafers to Tainergy. Under the terms of the agreement, MEMC will supply wafers to Tainergy over a 10-year period – with pre-determined pricing on a take-or-pay basis – beginning in the third quarter of 2008.

‘A secure supply of high-quality wafers from MEMC will increase our ability to achieve the fast growth and market share gains that we strive for, while providing high-quality solar cells to our customers at competitive prices,’ comments Frank Hsieh, chairman of Tainergy.

SOURCE: MEMC

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