Advertisement

Suntech Power Holdings Co. and Calisolar Inc., a privately held, vertically integrated manufacturer of solar silicon, wafers and cells, today announced that the companies have signed a Letter of Intent to construct a solar silicon manufacturing facility in Ontario Canada.

Once completed, the manufacturing facility will add new operators and engineers and will significantly expand the existing manufacturing operations in Vaughan, Ontario, doubling total employment at Calisolar's wholly owned subsidiary, 6N Silicon to more than 350. As set forth in the Letter of Intent, Suntech will assist with financing the expansion, and enter a multi-year agreement to purchase solar silicon produced by Calisolar at the new manufacturing facility.

SOURCE

Advertisement
Advertisement