Ersol will deliver multi- and monocrystalline silicon -solar cells start

German solar cell maker Ersol took its first step into the Indian photovoltaic market by winning a contract to supply solar cells to Solar Semiconductor, Ersol said on Thursday.
Its shares jumped 5.5 percent to 72.20 euros by 0815 GMT, easily outperforming Germany's technology index, which was up 0.9 percent.Ersol said it would deliver multi- and monocrystalline silicon -solar cells worth 126 million euros ($178 million) over 10 years starting in 2008 to solar module maker Solar Semiconductor, which is based in India and in the United States.
Solar Semiconductor said the solar cells would be used for module production at its manufacturing plant in Hyderabad, India."As we move towards thinner solar cells adding this ... technology ensures a stronger connection between cells, lower breakage rates, and better power efficiency," said Hari Surapaneni, head of Solar Semiconductor in a statement.
"We plan to double our current module manufacturing capacity of 50 megawatts by early 2008 with more rapid expansion planned in the coming 10 to 15 months," he added.