Solar EnerTech lands $9.2 million contract for Africa

January 31, 2007

Solar EnerTech of Shanghai has signed a sales contract with Fan Qie Trading of Shanghai for solar systems to be installed in Africa.

The contract, for a variety of solar products, is slated for delivery over seven shipments throughout the year, and is worth a total of $9.2 million USD.

Since the launch of test production at the close of 2006, Solar EnerTech has been producing its solar cell and module products in moderate quantities.

The new sales contract calls for a total of 2 megawatts of product, and puts the company into full production mode.

Shanghai Fan Qie Trading is a solar panel wholesaler and systems integrator that delivers small and medium turnkey solar systems that are often contracted by government subsidized renewable energy projects. The current order will be shipped to Africa, according to the company, where many Chinese-assisted energy projects have been initiated after a forum on China-Africa cooperation in Beijing last year.

Solar EnerTech is a photovoltaic (PV) solar energy cell manufacturing enterprise based in Shanghai. The company is establishing a 42,000-square foot manufacturing and research facility in Shanghai. The company also has a marketing, purchasing and distribution arm in California's Silicon Valley.

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