Solaria to supply 100 MW PV modules to Hengdian Group

(SeeNews) – Jul 2, 2013 - Spanish solar panel maker Solaria Energia y Medio Ambiente (MCE:SLR) has won an order to supply 100 MW of photovoltaic (PV) modules to Chinese Hengdian Group DMEGC Magnetics (SHE:002056), Solaria said in a regulatory filing with the national stock market regulator CNMV today.

The contract was signed for a year, but with an option to be extended by another two years.

Solaria closed the first quarter of 2013 with a loss of EUR 499,000 (USD 649,800), which was by 89% less compared with the figure registered a year earlier. Meanwhile, the sales surged by 73% in annual terms for the first three months of the year.

(EUR 1.0 = USD 1.303)

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