in News Departments > New & Noteworthy
print the content item

LDK Solar Co. Ltd. says the China International Economic and Trade Arbitration Commission (CIETAC) has ruled in its favor regarding a wafer contract dispute between LDK Solar and Canadian Solar.

CEITAC has decided that the wafer supply contracts entered into in October 2007 and June 2008 between the companies are "valid and effective through the duration and at terms and conditions related to quantities and prices set forth therein."

Consequently, CIETAC has ruled that Canadian Solar must pay LDK Solar approximately RMB 248.9 million, including RMB 60 million paid as a deposit and additional cash of RMB 188.9 million. This money is intended to compensate LDK Solar for the loss of profitability. Canadian Solar must also pay an additional RMB 2 million to cover arbitral fees accrued as a result of this proceeding.




Hybrid Energy Innovations 2015

Latest Top Stories

Mining Companies Find Value In Solar And Wind Generation

Mining companies are finding that solar and wind generation can help them defray costs and stay profitable in inhospitable parts of the globe.


Global Solar Developer UGE Finds A Rainbow In Lower Oil Prices

Urban Green Energy CEO Nick Blitterswyk says fear of oil prices is natural but unwarranted. Short-term, cheap oil actually favors project development, and the long-term trends are all going solar's way.


Nexamp Wrangles Largest Mass. Managed Growth Project For 2014

The Boston-based developer had to hustle to complete the large-scale project in bad weather on difficult terrain.


e2/ECTA Helps Dealership Go Green With 310 kW Rooftop PV System

Haldeman Ford in New Jersey turned to solar to cut electricity costs and to burnish its green credentials. The installer opted for power optimizers to reduce wiring and handle shading issues.


Market Forces Keep Solar's Prospects Undimmed By Cheap Oil

Oil prices are tangential at best in their relationship to practical considerations in the solar sector. Regulatory issues and dynamics of the maturing energy market are much more important.

Solectria_id1450
Gamechange Racking_id1491
Hybrid Energy Innovations 2015
PV America_id1480