Canadian Solar Signs Wafer Supply Agreement

Canadian Solar Inc. (CSI) announced that it has signed a ten-year supply contract with LDK Solar, a manufacturer of multi-crystalline and mono-crystalline solar wafers. LDK expects to begin the ramp up of its in-house polysilicon manufacturing project in the second half of 2008.

LDK is already one of CSI’s biggest suppliers and under the terms of the new agreement, LDK will supply an additional 800 megawatts (MW) of solar wafers to CSI through 2018. Delivery under the new agreement is expected to start in July 2009, with approximately 40 MW being shipped in 2009 and approximately 80 MW annually in 2010 and beyond.

“We are excited to sign this new contract with CSI.” said Xiaofeng Peng, chairman and CEO of LDK Solar.  “By combining our solar wafer manufacturing capabilities with CSI’s market leading cell, module and custom-designed applications, we are able to deliver a dynamic, integrated and effective solution.”

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