Mosel Vitelic reported to cancel wafer supply contract with LDK Solar

Facebook
Twitter
LinkedIn
Reddit
Email

According to reports, Taiwan-based Mosel Vitelic has cancelled a five-year solar wafer contract with LDK Solar and is seeking US$46 million in refunds of its downpayment and compensation for noncompliance with the contract, which was signed in 2007. Mosel Vitelic also claimed that during peak demand cycles, LDK Solar was unable to meet contracted wafer quantities, resulting in business being turned down. Mosel Vitelic has a 60MW production capacity for crystalline solar cells.

Mosel Vitelic signed a wafer supply deal with South Korean wafer supplier Nexolon in 2008, which means Mosel had sufficient wafer supply from sources other than LDK Solar.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 10, 2024
Dallas, Texas USA
Solar Media Events
April 17, 2024
Lisbon, Portugal
Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Napa, USA