Ersol Inks $128 Million PowerLight Deal

September 1, 2006

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ErSol Solar Energy AG has closed its first U.S. deal, signing a five-year contract to deliver solar cells to California’s PowerLight Corporation. The total volume of the new contract amounts to approximately $128.4 million.

Earlier this week, ErSol signed a major polysilicon contract with Wacker Chemie AG.

ErSol says that it considers the U.S., aside from Southern Europe and Asia, as the market with the greatest growth potential for the PV industry.

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