The two companies say they have resolved all differences of opinion over the interpretation of the solar wafer supply agreement and neither side will pursue legal action. Q-Cells also agreed to no longer pursue measures to collect the bank guarantee.
Joint business activities between the two companies remain unchanged.
Q-Cells and LDK Solar have agreed to increase the flexibility of delivery schedule for the solar wafers.
Flexible pricing based on market levels and Q-Cells’ preferred customer status will apply for the entire remainder of the contract term. A portion of shipments scheduled in the years 2009 to 2011 have been postponed to the period 2012 to 2018. Q-Cells will therefore receive around 20% in the current year and at least one third of the originally agreed volumes in 2010 and 2011.
Q-Cells also has the option to increase these volumes if needed. The total delivery volume for the entire 10-year term remains unchanged at around 6 GWp.
In addition to the amendment, the parties have finalised an agreement to expand their cooperation in the areas of solar cell and module processing. Q-Cells will supply solar cells to LDK Solar on a tolling basis and LDK Solar will supply modules to Q-Cells on the same basis.