LDK Solar Signs Seven-Year Wafer Supply Contract With Helios Technology

LDK Solar, a manufacturer of solar wafers, has signed a seven-year contract to supply multicrystalline solar wafers to Italy-based Helios Technology.

Under the terms of the agreement, LDK Solar will deliver approximately 70MW of multicrystalline silicon solar wafers over a seven-year period, commencing in 2009 and extending through 2015.

As part of the agreement, Helios Technology will make a prepayment representing a portion of the contract value to LDK Solar.

Xiaofeng Peng, chairman and CEO of LDK Solar, said: “We are very pleased to announce this long-term wafer supply contract with Helios Technology. As we continue to experience strong demand for our solar wafers, this particular agreement further expands LDK’s presence in Europe and represents the increasing geographic diversity of our customer base.”