Saturday, September 6, 2008

LDK Solar enters into 8-Yr contract with Sumitomo to supply multicrystalline solar wafers

9/5/2008 3:31 AM ET

(RTTNews) - Friday, LDK Solar Co. Ltd. said it signed an eight-year contract with Japan- based Sumitomo Corp. to supply multicrystalline solar wafers to a manufacturer of solar cells and modules in Japan.

As per the agreement, LDK Solar will deliver around 750 MW of multicrystalline silicon wafers to Sumitomo over an eight-year period, beginning in 2009 and extending through 2016. Sumitomo will make an advanced payment representing a portion of the contract value to LDK Solar.

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