NEW YORK, USA: Universal Solar Technology Inc., a developer of solar grade ingot, wafers and high efficiency solar photovoltaic modules, announced that it has been in discussions with a European company for a multi-million dollar order for up to 20MW of monocrystaline solar modules to be delivered by the end of 2010 and expects to announce a contract during this week.
Wensheng Chen, the Board Chairman and CEO of the company stated: “The company is pleased with the progress at the new production facilities. These negotiations reinforce our previously announced expectations for our business plan. With a new factory and new equipment we expect to quickly become a highly efficient supplier of 50MW silicon ingots, 20MW solar wafers and 30 MW solar PV modules.”
Since January, Universal Solar has hired over 90 manufacturing employees at its new facilities in Nanyang City, Henan Province. It has signed contracts for delivery of raw materials including silicon and early this year began to build products in preparation for initial sales.