XINYU CITY, China and SUNNYVALE, Calif., April 4, 2008, LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of multicrystalline solar wafers, today announced that it has signed a wafer supply agreement with Silcio S.A. Greek for 6 years commencing in 2008 through 2013.
This agreement includes 50 MW of silicon wafer with a fixed amount of deposit.
An additional sales agreement was signed with Arise Corporation of Canada, which is a 4-year “Take or Pay” contract for 33 MW silicon wafers to be delivered from 2008 through 2011.
LDK Solar also secured an additional critical polysilicon sourcing agreement for 1,450 MT with shipments scheduled for the first half of 2008 through 2011.This agreement will enhance the Company’s polysilicon sourcing position in the near term.
“We are thrilled to continue growing our global presence with the addition of Silcio S.A. Greek and Arise Corporation to our broad customer base,” stated Xiaofeng Peng, Chairman and CEO.
LDK has signed another ten-year contract which is a blend of “Take or Pay” linked with market-based pricing to supply multicrystalline solar wafers to India-based Moser Baer Photo Voltaic Limited (MBPV), a subsidiary of Moser Baer India Limited (MBI).Under the terms of the agreement, LDK Solar will deliver 640 MW of multicrystalline solar wafers to MBPV over a ten-year period commencing in mid 2008 through 2017. MBPV will make a suitable advance payment reflecting the contract value to LDK Solar.
"The supply agreement with Moser Baer reflects the strong interest we continue to encounter for our high quality solar wafers," stated Xiaofeng Peng, Chairman and CEO. "We are excited to extend our business into an emerging market such as India, as we continue to diversify our market coverage and grow our customer list."
"We are very pleased to enter into this mutually equitable agreement with LDK Solar to secure quality solar wafers,” commented Ravi Khanna, Chief Executive, Moser Baer Photo Voltaic Limited. “We look forward to a long-term relationship with LDK Solar as we work towards rapidly increasing our scale of operations and capacity to assume leadership position.”
tag: Solar Business, LDK Solar, Arise Corporation, Silcio S.A. Greek, Moser Baer, multicrystalline solar wafers, Take or Pay
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