The new raw material contract is great news for SOEN.
Solar EnerTech Corp. (SOEN.OB) announced that it has signed a long-term material supply contract with Jiangsu Photovoltaic Industry Development Co., Ltd. (“JPID”) of China. The 10-year framework of the agreement is for the provision of polysilicon refined as semiconductor-grade material that will meet Solar EnerTech’s initial needs, as well as the Company’s currently projected future demands.
Analysts suggest that silicon feedstock shortages appear to be a constant factor until post 2009, when projected supply could finally meet with demand.
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