CubicPV, Waaree In Multi-Year Supply Agreement For Silicon Cells

• US solar cell supplier CubicPV as well as Waaree Energies, Ltd, a leading domestic solar module producer, have actually introduced that they have become part of a multi-year supply agreement in which CubicPV will supply, per annum, 1 GW of silicon cells to Waaree.

The cells will include wafers made with CubicPV's cutting-edge Direct Wafer ® modern technology, that generates wafers in one-step, directly from a molten bath of silicon.

" Our Direct Wafer technology is the suitable option for India's domestic utility market as well as Waaree, by selecting this technology over generic methods, is setting the tone for an Indian manufacturing future that makes better use products, needs much less power and is specified by high effectiveness," said Frank van Mierlo, CEO, CubicPV. "CubicPV is honored to start our journey in India with Waaree. The synergy in between among the leading module manufacturers in India and also Cubic's development schedule will certainly create value for both firms and also the solar sector in India."

"As an early participant in the solar market, Waaree recognizes the value of technology to our ongoing management setting. Our team believe that CubicPV's technologies will certainly supply significant benefit to our customers and to the Indian solar market both immediately as well as in the long-run. We are proud to bring a module to the marketplace including domestically-produced wafers as well as cells manufactured with a low carbon footprint," claimed Hitesh Doshi, Chairman and also MD, Waaree.

For Waaree, a high volume, multi year agreement each time of high rate volatility for essential inputs like cells is an initiative to maintain prices stable in addition to make sure predictable result. The multi-year, high volume deals will additionally end up being a lot more usual as an increasing number of module suppliers seek predictable supply chains and also input rates. CubivPV declares that its core modern technology, the Direct Wafer ® process and also resilient perovskite chemistry, supply the most affordable price of electrical energy and supply the excellent semiconductor combination for high-efficiency tandem modules.