in News Departments > FYI
print the content item

comments: 0

LDK Solar Co. Ltd., a vertically integrated manufacturer of photovoltaic products, has reached an agreement with a Europe-based PV customer to terminate their long-term solar wafer supply agreement.

Under the terms of the agreement, originally signed in 2008, LDK Solar was to supply multicrystalline silicon wafers over a ten-year period to the unnamed customer. As part of the original agreement, the PV customer made an advanced payment representing a portion of the contract value to LDK Solar.

As part of the settlement, the parties mutually agreed to terminate the supply agreement, and LDK Solar will receive approximately $37 million.  



IronRidge_id1414

Surrette_id1409
Latest Top Stories

SolarCity Strikes An East-West Pose In Its New Commercial Mounting System

The first major new product release from SolarCity's Zep Solar business unit since last year's merger reveals new opportunities in the commercial solar space.


Central America's Heart Set On Solar With New Government Tenders

Big deals in El Salvador and Honduras point toward a surge in photovoltaic capacity in the region.


Con Edison To Meet Overload With Storage And Demand Management

Rather than dropping $1 billion on infrastructure to meet overload forecasts, the venerable electric utility is proposing a novel package of customer-side load management programs that could serve as a model for other energy providers.


U.S. And China Account For Over Half The World's PV Pipeline

While the usual suspects continue building photovoltaic projects at a breakneck pace, two new players are emerging with impressive capacity growth.


Buoyed By Business Deals, Solar Dominates New U.S. Cleantech Jobs

A hot solar sector helped double the number of new clean energy and transportation jobs in the second quarter of the year compared with the first.

S&C Electric_id1352
Lufft_id1410
CanSolIndus_id1429
SilcoTek
Future Energy_id1428
PVcobra_id1394
WIP_id1320