Solar Co., Ltd. announced today that it has signed a three-year contract to supply multicrystalline solar wafers to Canadian Solar Inc.). Under the terms of the agreement, LDK Solar will deliver multicrystalline solar wafers to Canadian Solar valued at approximately RMB 4 billion over a three-year period, with delivery commencing in 2008. The total contracted delivery in 2008 is 50 MW. “We are pleased to have reached this wafer supply agreement with Canadian Solar, a reputable leader in solar module products and one of our best long-term customers,” stated Sam Tong, President and COO of LDK Solar. “We view this partnership as a testament to the quality of our products and our proficiency in serving our customers.” “This agreement is built on the four-year frame contract we signed with LDK Solar a year ago. LDK is one of our major suppliers and we value our relationship. This new contract helps us to further strengthen our pipeline of silicon wafer supply in preparation for our expected continued strong growth,” stated Dr. Shawn Qu, Chairman and CEO of Canadian Solar.
