* Says supply for 5 years, from Jan '11-Dec '15
Dec 2 (Reuters) - JA Solar Holdings Co said Chinese polysilicon maker GCL-Poly Energy Holdings will supply 10 gigawatts of polycrystalline wafers and products to it for five years.
Sales of solar equipment have jumped this year as buyers rush to build projects ahead of declining subsidies in major European markets.
Companies around the globe, particularly in China, are quickly adding factories to increase production capacity of cells and modules to keep up with this growing demand.
Under Thursday's deal, GCL-Poly will supply the products to Shanghai, China-based JA Solar from January 2011-December 2015 at pre-determined shipment volume.
JA Solar, which shipped 418 megawatts (MW) in the third quarter, had raised its full-year shipment view for a second time in three months.
Earlier in the day, SunPower said it signed a contract to build a 3.4 MW solar plant in Italy's Lazio region.
JA Solar's shares fell 17 percent in the last one month as margin concerns drag the whole sector. The stock closed at $6.96 on Wednesday on Nasdaq.
(Reporting by Krishna N Das in Bangalore; Editing by Don Sebastian) Keywords: JASOLAR/ (Krishna.das@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: Krishna.das.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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