China's LDK Solar Co. Ltd. has signed a contract to supply multicrystalline solar wafers to Taiwan-based Neo Solar Power Corp. (NSP). Under terms of the agreement, LDK Solar will deliver multicrystalline solar wafers to NSP valued at approximately $495 million through the end of 2009.
‘We are pleased to announce this significant wafer supply contract with NSP,’ says Xiaofeng Peng, LDK's chairman and chief executive officer. ‘As we continue to strategically select new customers for the allocation of our growing wafer capacity, we are particularly excited to develop a relationship with NSP, a quality-oriented player in the solar industry.’
‘We are pleased to select LDK, a reputable company, as one of our key suppliers,’ says Dr. Frank Huang, chairman of NSP. ‘This wafer supply agreement further strengthens our silicon supply chain for the production of high quality solar cells. We view this partnership with LDK as a great opportunity to strengthen our competitive position in the marketplace.’