Canadian Solar (CSIQ -2.7%) has been ordered by a Chinese arbitration commission to pay LDK...

|About: Canadian Solar Inc. (CSIQ)|By:, SA News Editor

Canadian Solar (CSIQ -2.7%) has been ordered by a Chinese arbitration commission to pay LDK Solar (LDK -4.2%) RMB250.9M ($40.1M) to address purchase obligations related to a solar wafer supply contract. Numerous wafer supply contracts have been terminated due to slumping demand and crashing prices. (PR)