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
