SAN FRANCISCO (Thomson Financial) - LDK Solar Co. said late Monday it has
signed a five-year contract to supply multicrystalline solar wafers to
Germany-based Qimonda AG.
Financial terms of the contract weren't disclosed.
Under the deal, LDK Solar will deliver roughly 540 megawatts of solar wafers
to Qimonda -- or its new joint venture with Centrosolar -- from 2009 through
2013.
Qimonda will make an unspecified advanced payment representing a portion of
the contract value to LDK Solar.
The agreement also allows LDK to receive scrap silicon material from
Qimonda's chip production operations, LDK sai.d
U.S.-listed shares of Xinyu City, China-based LDK closed at $35.20.
Gabriel Madway
gm
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