Under the terms of the agreement, G&S will buy over 122,000 solar panels from Lightway within a one year period.

The new agreement follows the previous supply contract for 8MW of panels.

Deliveries had already commenced in December 2011as part of an 8MW contract.

During the fourth quarter of 2011, Lightway executed over 100MW of supply agreements to be delivered throughout the US market during the period of this year.

Lightway is a vertically integrated solar panel manufacturer.