LDK Solar files suit against Canadian Solar over contract dispute


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.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.