Perfectenergy International Signs 50 MW Solar Sales Contract With Abidas AG


Perfectenergy International Ltd., a global manufacturer and marketer of customized and standard photovoltaic solar cells, modules and systems, says its subsidiary, Perfectenergy (Shanghai) Co. Ltd., has entered into a sales contract valued at more than $150 million with Abidas AG of Germany.

Under the terms of the agreement, Abidas will purchase 50 MW of mono solar modules from Perfectenergy, scheduled for delivery over the next four quarters of 2009. Perfectenergy's total PV module order-backlog since October 2008 exceeds $170 million for calendar year 2009.

The modules will be manufactured at Perfectenergy's 60 MW factory in Shanghai, China. Prices reflect market conditions and are fixed until June 2009, when they will be fixed again based on market developments. Perfectenergy currently has fixed sufficient silicon supplies for meeting its production demands for 2009.

SOURCE: Perfectenergy International Ltd.

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