LDK Solar to Supply Realforce With 500 Megawatts of Wafers

LDK Solar Co., the Chinese solar-panel maker that has reported seven straight quarters of losses, said it agreed to provide 500 megawatts of wafers to Realforce Power Co.

The company will start shipments this month through December 2014 to Realforce, a solar-cell and panel maker in China’s eastern province of Shandong, it said today in a statement on its website. Financial details weren’t disclosed.

LDK reported last month that it had a net loss of $517 million in the last three months of 2012 and that its cash holdings were at a three-year low of $98.3 million.

To contact the reporter on this story: Feifei Shen in Beijing at fshen11@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.