Under the terms of the agreement, LDK will receive a cash deposit from Neo Solar Power (NSP) and pricing will be fixed for the entire contract period. During this period, LDK Solar will deliver approximately 500MW multicrystalline solar wafers to NSP with delivery commencing in 2009.
Xiaofeng Peng, chairman and CEO of LDK Solar, said: We are very pleased to expand our partnership with NSP through this additional wafer supply contract. As a key supplier to NSP, LDK Solar is proud to contribute to its manufacturing of high-quality solar cells.
Quincy Lin, vice chairman and CEO of NSP, said: We are excited to further develop our working relationship with LDK. As NSP continues to grow, establishing longer term silicon supply agreements is important to the company, and we are pleased to work with LDK Solar, an industry leader.
