LDK Solar has signed a five-year contract to supply multicrystalline solar wafers to Taiwan-based Solartech Energy.

Under the terms of the agreement, pricing is fixed for the first three years. During this period, LDK Solar will deliver multicrystalline solar wafers to Solartech valued at approximately $224 million, with initial delivery commencing in 2008.

Xiaofeng Peng, chairman and CEO of LDK Solar, said: We are pleased to strengthen our long-standing partnership with Solartech, one of our first customers. We continue to selectively allocate our wafer supplies and to build our presence as a global leader in the solar industry.