LDK Solar Signs Wafer Supply Agreement with Solartech Energy Corp.

Xinyu City , China and Sunnyvale, USA - LDK Solar Co., Ltd., a manufacturer of solar wafers, announced that it has signed a five-year contract to supply multicrystalline solar wafers to Taiwan-based Solartech Energy Corp.

Under terms of the agreement, LDK Solar will deliver approximately 550 MW of multicrystalline silicon wafers to Solartech over a five-year period, commencing in 2009 and extending through 2013. Solartech will make an advanced payment representing a portion of the contract value to LDK Solar.

"We are pleased to expand our long-standing relationship with Solartech with this additional contract," Xiaofeng Peng, Chairman and CEO of LDK Solar. "Having worked with Solartech since the company became one of our early customers; we look forward to continuing to support their expansion in the solar market."

"We are excited to strengthen our wafer supply pipeline with this additional agreement with LDK Solar," stated Charles C. Chang, President of Solartech. "LDK has been a valued partner to us as we have continued to expand our production capacity."

Source: IWR Online, 04 Sep 2008