GT Solar, Trina Solar enter US$49 mln supply contract

GT Solar Inc. and Trina Solar Co., a subsidiary of NYSE-listed Trina Solar Ltd have entered into a supply contract of polysilicon reactors and converters worth US$49 million.

Trina Solar will use the supplied equipment to build and operate a multi-phased polysilicon production facility in Lianyungang, Jiangsu province. The contract will help to minimize polysilicon production costs in the long term.

The contract, which will be paid for over 12 to 18 months, is subject to approvals by the boards of both companies.

US-based GT Solar Incorporated is a wholly owned subsidiary of GT Solar International, Inc., and an important global provider of manufacturing equipment and turnkey manufacturing solutions across the photovoltaic supply chain.

Trina Solar Limited, through its wholly-owned subsidiary Changzhou Trina Solar Energy Co. Ltd, is a well recognized manufacturer of high quality modules and is currently one of the few PV manufacturers with a vertically integrated business model.