Mosel Vitelic reported to cancel wafer supply contract with LDK Solar

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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.

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