Chinese manufacturer LDK Solar has signed a 500MW wafer supply contract with PV cell and modules manufacturer Realforce Power.
Under the terms of the agreement, LDK Solar will provide 120 million six inch wafers to the facility based in Shandong Province, China, with shipments to Realforce commencing in May 2013 through to December 2014.
“We are pleased to enhance our market position in the China region through this new wafer sales agreement,” said Xingxue Tong, president and CEO of LDK Solar.
“We believe the China region, which is expected to reach 10GW in 2013, represents the strongest global growth opportunity. This contract demonstrates the continued demand for our solar wafers. We are confident that our high quality wafers can meet new market requirements,” concluded Tong.
This is likely to be the first bit of good news for the struggling PV manufacturer, which reported a 2012 loss of over US$1 billion in financial results published yesterday.