LDK Solar enters seven-year wafer contract with Helios Technology

Technology has entered into a seven-year wafer supply agreement with
LDK Solar. Under the terms of the agreement, LDK will supply
approximately 70MW of multicrystalline solar wafers to the Italian
company from 2009 to 2015. The companies have agreed that 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.”

By Síle Mc Mahon

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