Friday, June 13, 2008

LDK News - New Contract - Solar PV Corporation

LDK Solar Signs a Five-Year Wafer Supply Agreement With Solar PV Corporation

"XINYU CITY, China and SUNNYVALE, Calif., June 13 -- LDK Solar Co., Ltd., a leading manufacturer of multicrystalline solar wafers, today announced that it has signed a five-year contract to supply multicrystalline solar wafers to China-based Jiangxi Solar PV Corporation (JSPV). Under the terms of the agreement, LDK Solar will deliver approximately 70 MW of multicrystalline solar wafers to JSPV, a new venture created by US-based Solar PV Corporation, over a five-year period commencing in 2009 through 2013. JSPV will make an advanced payment representing a portion of the contract value to LDK Solar."



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1 comment:

Anonymous said...

This stock is volatile. However, if you can stomach seeing your money drop one day as much as it raises another, this is the stock for you. For those longterm investors - LDK signed several 5-year contracts and they have a 1 billion dollar poly plant on the way to be done 2010.