3 February 2011

5N Plus extends long-term CdTe recycling & supply deals with First Solar

5N Plus Inc of Montreal, Canada, a producer and provider of high-purity metals, compounds and wafers for electronic applications, has signed a new recycling agreement and three new supply agreements with First Solar Inc of Tempe, AZ, USA, which makes thin-film photovoltaic (PV) modules based on cadmium telluride (CdTe).

The new agreements, which run until the end of 2015, replace the original recycling and supply agreements between 5N Plus and First Solar, the world’s leading thin-film solar module manufacturer.

Under the new agreements, First Solar has agreed to increase the minimum prescribed quantities of CdTe that it will order from 5N Plus, initially by 30% and then 60% by 2013 compared with the minimum quantities prescribed in the original agreements.

Also, in order to meet growing customer demand, 5N Plus has announced plans to build a new recycling plant in Malaysia. To be operational by mid-2012, the new plant is intended to expand 5N Plus’ recycling presence in Asia and to provide recycling services for various solar cell manufacturing by-products, including those produced by First Solar.

“Our new agreements with First Solar will provide us with a solid and predictable revenue stream for the next five years and allow us to enhance our presence in the rapidly growing Asian market,” says 5N Plus’ president & CEO Jacques L’Écuyer.

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Tags: 5N Plus First Solar CdTe

Visit: www.5nplus.com

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