Canadian Solar, LDK Solar Contract For Additional 800 MW Of Wafers

Canadian Solar Inc. (CSI) has signed a 10-year supply contract with LDK Solar, a manufacturer of multicrystalline and monocrystalline solar wafers. This new supply contract is in addition to the three-year supply contract signed between CSI and LDK in October 2007. LDK expects to begin the ramp-up of its in-house polysilicon manufacturing project in the second half of 2008.

Under the terms of the new agreement, LDK will supply an additional 800 MW of solar wafers to CSI through 2018. Delivery under the new agreement is expected to start in July 2009, with approximately 40 MW being shipped in 2009 and approximately 80 MW annually in 2010 and beyond.

SOURCE: LDK Solar

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