Wednesday, August 13, 2008

Breaking News - New LDK Contract w/ XL Telecom of India.

300MW with Prepayments.

"LDK Solar Co., Ltd, a leading manufacturer of solar wafers, today announced that it has signed a five-year contract to supply multicrystalline solar wafers to India-based XL Telecom & Energy Limited.

Under the terms of the agreement, LDK Solar will deliver approximately 300 MW of multicrystalline silicon solar wafers to XL Telecom & Energy Limited over a five-year period, commencing in the first quarter of 2009 and extending through 2013. XL Telecom & Energy Limited will make a down payment representing a portion of the contract value to LDK Solar."

Very nice!

Remember, these prepayments aren't just going to pay for the Poly Plant. They are going toward expansion in Wafering Capacity, which as we've just seen, is bringing in record profits.

LDK is growing faster than you can conceive of.

What other Companies are able to get Customers to pay UP FRONT so that that company can build the capacity to meet the customer's demand? These customers are paying up big, because they know that LDK is doing something that they can't do themselves.

Looking back, here's some basics on LDK for any who haven't seen it. When looking at the pics of the progress, keep in mind that the flattening of the surrounding land was only just completed at the end of November last year, and the ground was just broken in August of 2007.

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