Long Term Supply Contract for Polysilicon Supports Aggressive Production Goals for Solar EnerTech Corp. (SOEN.OB)
The new raw material contract is great news for SOEN.
Solar EnerTech Corp. (SOEN.OB) announced that it has signed a long-term material supply contract with Jiangsu Photovoltaic Industry Development Co., Ltd. (“JPID”) of China. The 10-year framework of the agreement is for the provision of polysilicon refined as semiconductor-grade material that will meet Solar EnerTech’s initial needs, as well as the Company’s currently projected future demands.
Analysts suggest that silicon feedstock shortages appear to be a constant factor until post 2009, when projected supply could finally meet with demand.
Let us hear your thoughts below: