Indosolar has signed a major Wafer Supply Contract with its strategic partner Osung LST Co., Korea. The wafer supply contract signed as a part of this $200 million agreement covers a significant portion of Indosolar’s solar photovoltaic cell demand for FY 2015-16 of 48 million wafers valued at around $45 million.
Osung LST Co, Korea will supply state-of-the-art high efficiency wafers manufactured at its South Korean facility in Chungcheonbuk-doto Indosolar, making Indosolar its key strategic partner.
Indosolar is the leading Indian manufacturer of solar photovoltaic cells. Currently, the company’s manufacturing capacity is 450 MWp with an average efficiency rating of 17.40%, peaking at 18.00%.
