Renesola - Chinese Solar Panel/Silicon Recycling

Motech Industries Inc. (6244 TT), a maker of solar cells, plunged NT$55, or 6.9 percent, to NT$744. MEMC Electronic Materials Inc. (WFR US), a U.S.-based semiconductor parts maker, said in a statement that it ended talks on a $1.6 billion solar wafer supply agreement with Motech because it had ``become apparent'' that the two companies wouldn't agree on terms within a prescribed time. MEMC instead agreed to supply solar panel wafers to Suntech Power Holdings Ltd. (STP US), a Jiangsu, China- based manufacturer of the panels, for 10 years.

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old news I know but it highlights one very important trend in this infant industry, that for the foreseeable future the wafer geezers are selling into a buyers market. If the module guys fail to get the wafers their stock price is hammered so you can see why they're desperate as hell to procure a reliable medium term supply of wafers to satisfy ramps in production. If they don't they get kicked. Now you can see why SOLA is in a such a strong position for 2007/08..

OliverC