LDK Solar Co., Ltd. (NYSE: LDK) has signed a three-year contract to supply multicrystalline solar wafers to BP Solar International, Inc., a division of BP (NYSE: BP).
Under the terms of the agreement, LDK Solar will deliver approximately 435 megawatts (MW) of multicrystalline silicon solar wafers over a three-year period, commencing in 2009 and extending through 2011. During this period BP Solar International will supply a minimum of 1,680 metric tons (MT) of silicon to LDK Solar.
"We are very pleased to extend our relationship with BP Solar," stated Mr. Xiaofeng Peng, Chairman and CEO of LDK Solar. "This additional wafer supply contract expands our North American presence and further enhances LDK’s position as a market leader."
"BP Solar has ambitious growth plans over the next few years. We are committed to our customers and ensuring that they receive high quality products at competitive prices. So we are delighted with this supply agreement with LDK Solar that supports this approach," commented Reyad Fezzani, CEO of BP Solar.
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