LDK Solar Co., Ltd. (NYSE: LDK), a manufacturer of multicrystalline solar wafers, today announced that it has signed a ten-year contract to supply multicrystalline solar wafers to Belgium-based Photovoltech.
Under the terms of the agreement, LDK Solar will deliver approximately 400 megawatts (MW) of multicrystalline silicon solar wafers to Photovoltech over a ten-year period commencing in 2009 through 2018. Photovoltech will make a down payment representing a portion of the contract value to LDK Solar.
About LDK Solar
LDK Solar Co., Ltd. is a manufacturer of multicrystalline solar wafers, which are the principal raw material used to produce solar cells. LDK Solar sells multicrystalline and monocrystalline wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. In addition, the Company provides wafer processing services to monocrystalline and multicrystalline solar cell and module manufacturers. LDK Solar’s headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People’s Republic of China. Its office in the United States is located in Sunnyvale, California.
About PHOTOVOLTECH
Set up in December 2001, Photovoltech has the backing of three major shareholders: Total (47.8%), Suez – Electrabel – Soltech (47.8%) and IMEC (4.4%). As a spin-off of IMEC, Photovoltech has a variety of innovative technologies at its disposal. Its production process delivers cells that combine an outstandingly uniform appearance with high efficiencies (up to more than 16% on multicrystalline silicon cells). Due to the sustained and increasing growth of the photovoltaic market and strong demand for its products, Photovoltech aims to expand its capacity considerably and to continue to grow in the coming years.
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