Sunnyvale, California [RenewableEnergyAccess.com] LDK Solar Co., Ltd., a manufacturer of multicrystalline solar wafers, announced recently that it has secured additional contracts for production equipment that will enable the Company to expand its wafer production capacity to 1,600 megawatts by the end of 2009.“By securing this equipment, we will be able to execute our plans to double our production capacity annually through 2009, in order to address the strong demand for solar wafers,” said Xiaofeng Peng, LDK Chairman and CEO. “These agreements represent another key step towards fulfilling our vision to become the largest and lowest cost producer in the solar wafer industry.”
LDK also announced that it has signed a contract to supply multicrystalline solar wafers to Taiwan-based Chuan-Yi Investment Corporation. Under terms of the agreement, LDK Solar will deliver multicrystalline solar wafers to Chuan-Yi valued at approximately US$516 million over a three-year period.
“We are delighted to secure such a significant amount of high-quality solar-grade silicon wafers from LDK,” said Jin-Jiang Yeh, Chairman of Chuan-Yi. “This contract enhances Chuan-Yi’s ability to promote the combined applications of solar power and LED. We look forward to building an enduring relationship with LDK in support of our future growth.”