Wednesday, July 23, 2008

Solar Semiconductor & AS Solar Make US $629 Million Deal

Solar Semiconductor and AS Solar GmbH have announced that the two companies have signed a strategic partnership for the supply of solar photovoltaic (PV) modules. This multi-year partnership is valued at approximately US $695 million.

"Solar Semiconductor has achieved phenomenal success in the European market in a very short period of time primarily due to our emphasis on quality and partnering with companies which value quality and customer service above everything else. In AS Solar we have such a partner."
-- Hari Surapaneni, CEO, Solar Semiconductor
The modules, which will be produced by Solar Semiconductor, will be used by AS Solar in the European market. The deal was announced during Intersolar North America in San Francisco, California this week.

"Solar Semiconductor has achieved phenomenal success in the European market in a very short period of time primarily due to our emphasis on quality and partnering with companies which value quality and customer service above everything else. In AS Solar we have such a partner," said Hari Surapaneni, CEO of Solar Semiconductor. "Discriminating customers such as AS Solar appreciate the Solar Semiconductor difference."
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