LDK Solar has secured a two-year polysilicon deal with BYD, a China-based enterprise specializing in IT, automobiles and green energy. The new deal will see LDK supply BYD with an undisclosed volume of polysilicon, worth approximately US$300 million, over the next two years via monthly shipments that will begin in January 2011 and extend through the end of 2012.
“We are very excited to add BYD, a leading high-tech enterprise that has a strong commitment to the green energy sector, as a key customer,” said Xiaofeng Peng, Chairman and CEO of LDK Solar. “This agreement is a testament to the success of LDK's polysilicon facilities and our ability to provide customers with quality PV products that can help them achieve their business goals.”