Technology & Products

LDK Solar files suit against Canadian Solar over contract dispute

Chinese solar wafer maker LDK Solar Co Ltd has said it has filed a lawsuit against solar module maker Canadian Solar Inc, demanding compensation in connection with the termination of a supply contract.
Becky Beetz
By
Becky Beetz

Reuters reports that LDK Solar said Canadian Solar, which has its headquarters in Canada but manufactures across the world including in China, failed to perform its purchase obligations and ceased making payments under a 10-year contract to supply wafers.
The news source added that Canadian Solar, whose accounting methods are being probed by U.S. regulators, said last month it had notified LDK Solar about terminating its wafer supply agreements.
“LDK Solar believes the contract is legal and remains effective, and that Canadian Solar’s unilateral action constitutes a breach of the contract,” LDK Solar said in a statement.
Canadian Solar could not be reached for comment.

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