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Suniva, that Atlanta-based solar cell maker that makes highly efficient low cost cells, says this morning that it has scored a massive European customer — Solon AG, one of Europe’s largest solar module makers based in Berlin. The startup has signed a 4-year contract to deliver […]

Suniva, that Atlanta-based solar cell maker that makes highly efficient low cost cells, says this morning that it has scored a massive European customer — Solon AG, one of Europe’s largest solar module makers based in Berlin. The startup has signed a 4-year contract to deliver $500 million worth of solar cells to Solon.

It’s a significant customer win for the two-year-old startup, and follows on the heels of Suniva’s announcement that it has signed a five-year contract with Norwegian polysilicon producer REC to have access to $300 million worth of silicon wafers to produce cells. The company will use that polysilicon supply in its first manufacturing plant it is building in Gwinnett County, Georgia; the plant will have initial solar production capacity of 32 MW, with a potential for expansion to over 100 MW.

While the company makes its cells from silicon, it manufactures them thinner, reducing the overall cost. At the same time the company claims it will eventually hit a high efficiency of over 20 percent. The company is backed by over $50 million from New Enterprise Associates, Advanced Equities, Goldman Sachs Group, HIG Ventures and Quercus Investments.

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By Katie Fehrenbacher
  1. The solar industry is getting a huge boost from the current U.S. presidential campaign, and by T. Boone Pickens promoting alt energy (even though he is primarily focusing on wind). This is opening monster opportunities for new businesses, each of which needs memorable web domains (addresses), such as these: http://www.TucsonSolarBiz.com, http://www.MidEastSolar.com, http://www.CIGSsolarstrings.com, http://www.SolarTeque.com, http://www.ChinaSolarCompanies.com and http://www.SolelySolar.com. Each can be purchased at their respective web address.

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  2. [...] with REC. On the customer side, Suniva has promised almost a billion dollars in solar cells — $500 million worth for Solon AG and $480 million for REC, both large solar module [...]

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  3. [...] with REC. On the customer side, Suniva has promised almost a billion dollars in solar cells — $500 million worth for Solon AG and $480 million for REC, both large solar module [...]

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  4. [...] at the end of 2007 and signed over $1 billion in sales contracts in 2008 with two large customers, Solon AG and Titan Energy [...]

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