October 13, 2008

Cittaducale, Italy: Solsonica Signs Multi-year Module Supply Contract with TerniEnergia

Italian cell and module manufacturer, Solsonica S.p.A. has entered into a 3-year sales contract with TerniEnergia, a company active in the renewable energy industry sector, particularly in the photovoltaic segment where it operates as a system integrator.

Under the terms of the three-year agreement, Solsonica will supply TerniEnergia with a maximum of 29 MW with undersigned commitment for approximately Euro 35 Millions.

"This supply," underlines Enzo D'Antonio, Chairman of Solsonica, "comes as a part of others multiyear contracts already signed by Solonica with leading Italian and foreign companies and will also help Solsonica to properly optimize its production capacity that, beginning next year, will be boosted by additional new state-of-the-art cells and modules manufacturing lines."

"We wish - Mr. D'Antonio says - to build with TerniEnergia a good cooperation in the near future, through the exchange of industrial expertises aimed to improve the quality and efficiency of PV Systems."

Thanks to this agreement, Solsonica says that the company has strengthened its position in the promising Italian PV market, as confirmation of its industrial capability and aptitude to answer in a proper way to customers' needs, proving to be one of the key players in the European market of renewable energies.

Further details about: Solsonica and TerniEnergia