LDK Solar Co., Ltd. (NYSE: LDK), a manufacturer of multicrystalline solar wafers signed a seven-year contract to supply multicrystalline solar wafers to Italy-based Helios Technology, according to a LDK Solar release.
LDK Solar will deliver approximately 70 megawatts (MW) of multicrystalline silicon solar wafers over a seven-year period, commencing in 2009 and extending through 2015. As part of the agreement, Helios Technology will make a prepayment representing a portion of the contract value to LDK Solar.
"We are very pleased to announce this long-term wafer supply contract with Helios Technology," stated Mr. Xiaofeng Peng, Chairman and CEO of LDK Solar. "As we continue to experience strong demand for our solar wafers, this particular agreement further expands LDK’s presence in Europe and represents the increasing geographic diversity of our customer base."
About LDK Solar
LDK Solar Co., Ltd. is a manufacturer of multicrystalline solar wafers, which are used to produce solar cells. LDK Solar sells multicrystalline wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. In addition, LDK Solar 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. LDK Solar’s office in the United States is located in Sunnyvale, California.
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