The deals were contracted to Renewable Energy Corporation’s (REC) monosilane gas production and marketing division REC Silicon, by existing customers. These supply agreements are structured as take-or-pay contracts with set pricing and volumes for the entire term.
REC noted that the set price in the contracts is on an average 15% higher than the current market price for the gas. The supply contracts have a built-in annual price adjustment component. The terms also provide for the supply of additional volumes.
