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Hyundai
Heavy Industries (HHI) will be supplied with 450MW of multicrystalline
solar wafers from LDK Solar in an eight-year "Take or Pay" contract,
the companies have announced. The supply deal will start later in 2008
through 2015.
"Having visited LDK Solar's polysilicon plant in Xinyu City, China several times, we are confident that both their wafers and new manufacturing facilities will meet the highest industry standards," commented Kwon-Tae Kim, HHI's Executive Vice President. "We look forward to beginning a long-term relationship with LDK Solar."
HHI has won solar farm supply deals in Spain in recent years and has been expanding into other part of Europe. Its module manufacturing facilities are based in Ulsan, Korea.
