LDK Solar Signs 64-Megawatt Contract With Energy Absolute
LDK Solar Co., the Chinese solar manufacturer that missed a bond payment last year, agreed to supply the Thai developer Energy Absolute PCL (EA) with 64 megawatts of panels.
LDK will deliver the panels this month through September, according to a statement today from the Xinyu, China-based company and its provisional liquidators in the Cayman Islands.
A majority of LDK’s bondholders agreed in March to a restructuring deal after the company missed a semi-annual payment in August 2013 on its 1.7 billion yuan ($274 million) of notes that matured Feb. 28.
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