LDK Solar to Supply 850 Megawatts of Wafers to Gintech Energy

LDK Solar Co., the Chinese solar manufacturer that defaulted on a bond that matured in February, agreed to provide 850 megawatts of wafers over four years to Gintech Energy Corp.

The company’s Jiangxi LDK Solar Hi-Tech unit will begin shipments this month, Xinyu, China-based LDK said today in a statement. Terms weren’t disclosed.

A majority of bondholders last month agreed to a restructuring deal after the company missed a semi-annual payment in August for its 1.7 billion yuan notes ($272 million) that matured Feb. 28.

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