News Article
REC ASA secures a NOK 2 billion wafer sales contract
REC has entered into a significant long term agreement for supply of multi crystalline silicon wafers to an existing customer. Under the agreement, REC will deliver wafers until 2013 worth about NOK 2 billion.
REC, a manufacturer of multi crystalline silicon wafers for solar cells, has signed a long term agreement for the supply of wafers with one of its major existing customers. The agreement is structured as a “take and pay” contract with pre determined prices and volumes for the entire contract period. Deliveries of wafers under the new agreement will start in 2009 and run until 2013, with a total contract value of about NOK 2 billion.
Supply under the new agreement comes in addition to the volumes delivered under the existing contract.
