Sunday, September 14, 2008

LDK Solar to process silicon into wafers for German solar cell manufacturer Q-Cells AG

September 12, 2008: 10:22 AM EST

NEW YORK (Associated Press) - LDK Solar Co. Ltd. said Friday it has signed an 11-year agreement with Q-Cells AG of Germany to process solar-grade silicon into wafers.

LDK, based in Xinyu City, China, said it will process at least 20,000 metric tons of solar grade silicon provided by Q-Cells between 2008 and 2018 with an option to process an additional 21,000 metric tons in the same decade.

The agreement is part of a memorandum of understanding that calls for LDK Solar to supply the German company with up to five gigawatts of multicrystalline solar wafers between 2009 and 2018.

LDK manufactures and sells multicrystaline solar wafers, the main raw materials used to produce solar cells. Q-Cells AG of Bitterfeld-Wolfen is a leading manufacturer of solar cells.

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