Trina Solar Ltd., a manufacturer of solar photovoltaic products, has signed a long-term polysilicon supply agreement with SILFAB SPA, whereby SILFAB will supply Trina Solar with virgin polysilicon sufficient to produce approximately 225 MW of solar modules in aggregate over six years. Delivery of polysilicon at predetermined prices will start in the first quarter of 2010.
‘This long-term supply agreement with SILFAB will enhance our ability to expand our operations and meet our objective of becoming a leading global PV manufacturer,’ says Jifan Gao, Trina Solar's chairman and CEO. ‘In addition, we believe that this contract, which offers attractive payment terms, together with our other long-term contracts, will enhance our ability to expand our margins in the long term as the cost of solar energy approaches grid parity.’
