Suntech Power Holdings Co. Ltd. has signed three long-term supply agreements for up to 490 MW of solar modules to be delivered over the next three years.
Suntech's strategic long-term partners in Europe include a value-added reseller, an engineering, procurement and construction company, and a project developer. Under the terms of the agreements, 115 MW is planned to be supplied in 2010, 155 MW in 2011 and 220 MW in 2012, with the option to increase volumes.
Suntech says it anticipates concluding additional long-term supply agreements during the next few months, reflecting a flight to quality solar companies that have bankable products, and the capability and credibility to support long-term growth.
SOURCE: Suntech Power Holdings Co. Ltd.