Another DuPont (NYSE:DD) Solar Deal
Modern Energy Roundup - March 23, 2012
China Sunergy (NASDAQ:CSUN) has announced that it and DuPont (NYSE:DD) have signed a Letter of Intent for strategic collaboration relating to solar pv technologies, materials, power transformers and insulation over a three-year period.
Although few are aware of this, DuPont is actually one of the biggest players in the solar space. The company's materials are in about 70 percent of the world's installed panels. Last year it did about $1.4 billion in solar sales, and the company expects to break the $2 billion mark by 2014.
Today's news comes just one month after DuPont announced a $100 million deal with Yingli (NYSE:YGE) to supply its polyvinyl fluoride film and photovoltaic “paste” which will be used in the production of modules.
China Sunergy is up about 7% in pre-market.
Related ArticlesFirst Solar (NASDAQ:FSLR) Sells 50 Megawatts
First Solar finds a buyer for a 50 MW solar project in Nevada.
Solar Tariff Does Not Change Fundamentals
Daqo New Energy (NYSE:DQ) reminds us why the solar tariff decision really doesn't help anyone.
More Uncertainty Weighs On Solar Stocks Today
LDK Solar (NYSE:LDK) updates guidance and India looks to continue wind energy tax breaks.