LDK Solar agrees another major wafer deal



Struggling wafer manufacturer LDK Solar has agreed an 850MW wafer supply deal with Taiwanese cell manufacturer Gintech.

LDK released a statement with its joint provisional liquidators to confirm the details of the deal, which will commence this month and run until March 2018.

The contract follows last week’s announcement that it had agreed a 765MW contract with another Taiwanese cell producer Solartech Energy Corporation.

Both contracts will be fulfilled by LDK’s Chinese subsidiary Jiangxi LDK Solar Hi-Tech Co. Ltd.

LDK spent the second half of 2013 negotiating a series of postponements to payments to bondholders. Liquidators at Cayman Islands firm Zolfo Cooper agreed a deal with bondholders in early April 2014. Liquidators are also fighting against delisting from the New York Stock Exchange, which begin around the same time.

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