Daewoo International said on July 7 that it signed a deal with China's Shunfeng Photovoltaic International Ltd. (SF-PV) to supply polysilicon for solar cells worth US$35 million.
Shunfeng Photovoltaic, a Jiangsu Province-based company, manufactures solar photovoltaic panels under the brand name of Suntech.
A Daewoo International official said, "The latest contract was won by our global business capability as well as the local sales network. We will establish a strategic relationship with SF-PV to expand the range of business to solar power plants."
Beginning with the supply of solar panels in 2008, the nation's largest trading company has engaged in a variety of different solar business areas including solar power components and power plant construction. Recently the company has moved into the business of concentrated solar power generation and geothermal power generation in far-flung locations across the world.
