LDK Solar is to supply 440MW of multicrystalline solar wafers to Hyundai Heavy Industries (HHI) over a 7-year contracted period. In February, 2008, HHI signed a ‘Take or Pay’ 450MW deal with LDK Solar starting in 2008 through 2015.
“As we continue to grow our solar business and meet the growing demand for our products in Korea and globally, we are excited to strengthen our long-term wafer supply pipeline by reaching this agreement to secure additional high-quality wafers from LDK Solar,” commented Kwon-Tae Kim, HHI’s Executive Vice President.
The new contract is set to commence in 2009 and run through 2015.