Canadian Solar has signed a five-year supply contract with Neo Solar Power. NSP has been a stable supplier to CSI since March, 2007.
Under the terms of the new agreement, NSP will supply several hundred megawatts (MW) of solar cells through 2013. The total contract value exceeds US$500 million.
Dr. Quincy Lin, Chairman and CEO of NSP, said, "We are pleased to extend our existing cooperation by entering into a long term partnership with CSI, an industry leading solar module maker, to support its rapid business expansion in coming years.
The confluence of NSP's strength in cell quality and manufacturing efficiency and CSI's solid channel relations with solar system providers, will allow us to deliver an integrated and effective solution in the photovoltaic value chain."
Dr. Shawn Qu, Chairman and CEO of CSI, commented, "This agreement will help us ensure continued growth over the next five years and is testament to our ability to establish and secure relationships with strategic suppliers across the solar value chain.
"NSP has been an invaluable and high-performing supplier to CSI and will be a key partner for us in the execution of our flexible vertical integration model and balanced supply strategy in the future."
Source - Solardaily
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