LDK Solar, a manufacturer of solar wafers, has signed a five-year contract to supply multicrystalline solar wafers to Germany-based Qimonda.
Under the terms of the agreement, LDK Solar will deliver approximately 540MW of multicrystalline solar wafers to Qimonda over a five-year period commencing in 2009 through 2013. Qimonda will make an advanced payment representing a portion of the contract value to LDK Solar.
The signed agreement furthermore allows LDK to receive scrap silicon material from Qimonda’s chip production operations. Silicon supply for the initial capacity has been secured with wafers from LDK.
Xiaofeng Peng, chairman and CEO of LDK Solar, said: We are excited to enter this long-term wafer supply agreement with Qimonda as they launch a new joint venture in the solar business. We are very pleased to have secured an additional resource of scrap silicon material through this strategic partnership.