Suniva Inc., a manufacturer of crystalline silicon solar cells, has entered into a long-term supply contract with Titan Energy Systems Ltd., an India-based manufacturer of solar modules and specialty photovoltaic products.
Suniva will produce more than $480 million worth of high-efficiency monocrystalline silicon solar cells to be used in Titan's highest-efficiency product lines. The contract is structured as a take-or-pay agreement lasting through 2013.
Suniva's new high-volume manufacturing center is located in metro Atlanta, and the company is scheduled to begin shipments from its first 32 MW line during the fourth quarter of this year. The facility will add more than 130 MW of additional capacity over the next two years to meet demand from Titan, Solon AG and other customers.
SOURCE: Suniva
