Wuxi Suntech has signed a purchase agreement with Lerri Solar, a wholly-owned subsidiary of LONGi, to buy 180MW of mono-si PV cells within a 12-month period.
Under the agreement, the amount of contract in the first seven months would be at least RMB270 million, while the amount for the rest five months will be rearranged.
Lerri Solar has announced to invest RMB 610 million in constructing 1GW of high-efficiency mono-si PV module facility. Regarding the latest contract signed with Wuxi Suntehc, LONGi hopes the agreement will help the company to expand its market share of mono-si PV modules as well as improve its future revenue by leading the way to develop high efficient mono-si products.