GCL-Poly Energy Holdings Limited announces that it has signed a long-term supplementary contract with Canadian Solar Inc., the vertically-integrated manufacturer of PV modules, to supply wafer and polysilicon products. The Company will provide Canadian Solar with a total of 5,200MW of wafer and polysilicon products over the next five years.
Under the supplementary contract signed between CSI Cells Co. Ltd., a subsidiary of Canadian Solar and GCL (Suzhou) Solar Energy Technology Co., Ltd., a subsidiary of the Group, the Group will provide a total of 5,200MW of wafer and polysilicon products from January 2011 to December 2015. A price adjustment mechanism is included in the contract.
Mr. Shu Hua, the Executive Director and President of GCL-Poly, stated, “We continuously develop and deepen our long-term strategic partnership with Canadian Solar, one of the world’s leading solar companies. We will honour our commitment of supplying high quality wafer and polysilicon products for Canadian Solar to support its global development strategy, and look forward to achieving a win-win situation with Canadian Solar in the global solar industry.”
Mr. Xiaohu Wang, Vice President of CSI Cells Co. Ltd., said, “Canadian Solar and GCL-Poly have maintained long-term and stable cooperation. The signing of the long-term supplementary supply contract with GCL-Poly further cements the long-term strategic partnership with each other. It will greatly ensure the rapid development of all Canadian Solar’s range of businesses in the future and maintain its global competitive advantage.”