LDK Solar has signed a three-year contract to supply multicrystalline
solar wafers to China-based Chinalight Solar Co., Ltd. “Chinalight is
one of LDK’s longest term customers in China.” stated Xiaofeng Peng,
Chairman and CEO of LDK. “It also has excellent engineering and
manufacturing capabilities and we are pleased to support their growth
plans.”
Under the terms of the agreement, pricing is fixed for the entire
contract period. During this period, LDK Solar will deliver
multicrystalline solar wafers to Chinalight valued at approximately RMB
1 billion with delivery commencing in 2008.