LDK Solar signs five-year supply deal with Solar PV Corporation

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LDK
Solar has signed a five-year solar wafer supply agreement with
China-based Jiangxi Solar PV Corporation (JSPV), a venture created by
Solar PV Corp. The agreement will see LDK provide approximately 70MW of
multicrystalline solar wafers to JSPV from 2009 to 2013, with JSPV
paying an upfront advance payment of a portion of the overall agreement
cost to LDK Solar.

“We are excited to enter this long-term wafer supply agreement with Jiangxi Solar PV as they launch a new venture within the Jiangxi Province,” stated Xiaofeng Peng, Chairman and CEO of LDK Solar. “We are very pleased to begin this strategic partnership and aid in the development of more solar PV companies in Jiangxi.”

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By Síle Mc Mahon 

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