From 2008, ersol Solar Energy AG (ersol) will deliver silicon solar cells to the system house IBC SOLAR AG, based in Bad Staffelstein, Germany. To this end, both companies have today signed a long-term supply agreement that will run until 2017. The total volume of the contract amounts to around € 230 million. ersol is scheduled to receive downpayments from IBC SOLAR AG, which will later be credited to the German PV provider when the solar cells are purchased, in the form of a purchase price reduction. Aside from the core German market, IBC SOLAR AG, one of the world's leading system integrators in the area of complete photovoltaic plants, will integrate the modules produced with ersol solar cells in projects in Southern Europe. ersol will support its new customer IBC SOLAR AG in serving its established markets with a special focus on simultaneously capturing the target markets of Italy, Spain, France, Greece and Portugal with top-quality German photovoltaic components.
"Aside from the future markets of the US and Asia, Southern Europe offers some of the greatest growth potential for the PV industry. Thanks to deliveries of our highly-efficient solar cells from the BluePower® and BlackPower® family to IBC, our products will now be used even more extensively in photovoltaic systems in the sunny countries of Southern Europe," explains ersol's CEO Dr. Claus Beneking upon signing the agreement.
IBC CEO Udo Möhrstedt is looking forward to the intensive collaboration with the ersol Group: "We have already enjoyed ongoing business contact with ersol for some years now. The agreement that has now been signed brings this relationship to a new level. In the future we will have access to considerable volumes of high-quality mono- and multicrystalline silicon solar cells from ersol, which we need to cover the strong overall growth in business and the expansive project business in Southern European countries. In these countries we have already managed numerous major solar projects as a system house and turnkey provider with 25 years' experience."
About IBC SOLAR AG
Since its formation in 1982, IBC SOLAR AG, based in Bad Staffelstein, Germany, exclusively operates in the photovoltaic sector. Today the company's committed, almost 150-strong team of specialists services the photovoltaic market worldwide with stand-alone facilities, grid feed-in plants or hybrid systems both small and large. Here, customers in small trades, retail, industry and services as well as investors can find the full spectrum from engineer-based construction and electrical planning, through subvention and financial consulting, to turnkey megawatt power plants, e.g. used as solar funds. The company's extensive customer offering even includes in-house product development from mounting techniques through to programs for calculating economic efficiency and PC monitoring, as well as of course a comprehensive after-sales service. The company, which has foreign subsidiaries in Spain, Greece, France, Malaysia, Korea and the Netherlands today numbers among the world's leading system houses on the market and has a customer base of notable companies. To date it has delivered more than 250 megawatts (MW) of photovoltaic power in tens of thousands of solar power plants right around the world.
"Aside from the future markets of the US and Asia, Southern Europe offers some of the greatest growth potential for the PV industry. Thanks to deliveries of our highly-efficient solar cells from the BluePower® and BlackPower® family to IBC, our products will now be used even more extensively in photovoltaic systems in the sunny countries of Southern Europe," explains ersol's CEO Dr. Claus Beneking upon signing the agreement.
IBC CEO Udo Möhrstedt is looking forward to the intensive collaboration with the ersol Group: "We have already enjoyed ongoing business contact with ersol for some years now. The agreement that has now been signed brings this relationship to a new level. In the future we will have access to considerable volumes of high-quality mono- and multicrystalline silicon solar cells from ersol, which we need to cover the strong overall growth in business and the expansive project business in Southern European countries. In these countries we have already managed numerous major solar projects as a system house and turnkey provider with 25 years' experience."
About IBC SOLAR AG
Since its formation in 1982, IBC SOLAR AG, based in Bad Staffelstein, Germany, exclusively operates in the photovoltaic sector. Today the company's committed, almost 150-strong team of specialists services the photovoltaic market worldwide with stand-alone facilities, grid feed-in plants or hybrid systems both small and large. Here, customers in small trades, retail, industry and services as well as investors can find the full spectrum from engineer-based construction and electrical planning, through subvention and financial consulting, to turnkey megawatt power plants, e.g. used as solar funds. The company's extensive customer offering even includes in-house product development from mounting techniques through to programs for calculating economic efficiency and PC monitoring, as well as of course a comprehensive after-sales service. The company, which has foreign subsidiaries in Spain, Greece, France, Malaysia, Korea and the Netherlands today numbers among the world's leading system houses on the market and has a customer base of notable companies. To date it has delivered more than 250 megawatts (MW) of photovoltaic power in tens of thousands of solar power plants right around the world.
