XINYU CITY, China and SUNNYVALE, Calif., Jan. 17 /PRNewswire-FirstCall/-- LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of multicrystalline solar wafers, announced today that it has signed a ten-year contract to supply multicrystalline solar wafers to rapidly growing Taiwan-based Neo Solar Power Corp. (NSP).
Under the terms of the agreement, LDK will receive a cash deposit from NSP and pricing will be fixed for the entire contract period. During this period, LDK Solar will deliver approximately 500 MW multicrystalline solar wafers to NSP with delivery commencing in 2009.
"We are very pleased to expand our partnership with NSP through this additional wafer supply contract," stated Xiaofeng Peng, Chairman and CEO. "As a key supplier to NSP, LDK Solar is proud to contribute to their manufacturing of high-quality solar cells."
"We are excited to further develop our working relationship with LDK," commented Dr. Quincy Lin, Vice Chairman and CEO of NSP. "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."
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