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SOLON and ersol conclude agreement on delivery of additional EUR 1 billion of solar cells

(PresseBox) (Berlin, ) The Berlin-based company SOLON AG für Solartechnik has today signed a further agreement with ersol Solar Energy AG on the procurement of solar cells over a period of eleven years, starting in 2009. The agreement envisages the purchase by SOLON of solar cells with a total value of around EUR 1 billion from ersol, which is based in Erfurt in eastern Germany. SOLON and ersol had already concluded agreements in September 2005 and August 2006 with a combined value of EUR 670 million, also covering supplies over a number of years.

This agreement takes the value of contractually secured supplies of solar cells to SOLON AG from well-established solar cell manufacturers over the coming years to around EUR 3 billion.