LDK Solar has signed an agreement with Canadian Solar, Inc. (CSI) to supply the solar module manufacturer with 800MW of solar wafers over a 10-year period. The agreement is in addition to the three-year wafer supply contract signed between the two companies in late 2007.
Delivery of the first batch of wafers is expected to begin in July 2009 with a shipment of 40MW, and an annual shipment of 80MW thereafter until 2018. The agreement will bring Canadian Solar closer to securing its total materials supply for its planned 500-550MW module output for 2009. Combining both agreements between the two companies, LDK will provide CSI with 120MW of wafers in 2009 and 170MW in 2010.
“This new contract is a testament to our commitment to delivering high quality wafers at prices competitive with any other supplier, said Mr. Xiaofeng Peng, Chairman and CEO of LDK Solar. “CSI is an important and strategic customer and this contract represents another milestone in our ongoing partnership. By combining our solar wafer manufacturing capabilities with CSI's market leading cell, module and custom-designed applications, we are able to deliver a dynamic, integrated and effective solution."
By Síle Mc Mahon