LDK Solar in 765MW wafer deal
LDK Solar – the PV manufacturing group currently in liquidation in the Cayman Islands – said its China-based unit has struck a 765MW wafer supply deal with a Taiwanese customer.
LDK subsidiary Jiangxi LDK Solar Hi-Tech Co will supply the wafers to Solartech Energy between May 2014 and April 2017, said a statement.
Good news has been in short supply recently for LDK – one of the big names of the Chinese solar industries over the last few years – which is in provisional liquidation in the Caymans amid efforts to restructure a debt mountain that totals about $2.5bn.
Its liquidators are currently challenging a decision to suspend trading of its shares on the New York Stock Exchange.
As part of that challenge they recently revealed that LDK made a net loss of $104.1m for the final quarter of 2014 on sales of $273m.
It emerged this week that Sunways – the insolvent German PV group majority-owned by LDK – has attracted a bid for its inverter business.