Dec 17 2009
LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of multicrystalline solar wafers, announced today that it has signed an agreement with Global Power Resources Ltd. (GPR), a company limited by shares which is held by SBTFC Holding Ltd., to develop and construct PV plants totalling 100 megawatts (MW) in 2010.
LDK Solar will provide engineering, procurement, construction services and supply the solar modules. GPR will acquire the final ownership of the PV plants.
The targeted 100MW of PV plants is expected to be completed by the end of 2010.
The project pipeline, which will be carried out by LDK Solar, will involve all the European countries currently participating in national feed-in tariff subsidies, such as France, Germany, Italy and Spain.
"Our activities in Europe have been rapidly expanding and are progressing in line with our strategic plan," stated Xiaofeng Peng, Chairman and CEO of LDK Solar. "Industry participants value LDK Solar as a reliable partner for investing in the PV sector."
"We are pleased to announce this agreement with a world solar market leader such as LDK Solar. This partnership represents an important step in our strategy of expanding our ownership of PV plants in Europe," commented Professor Eliyahu Kelman, Chairman of GPR.
Source: http://www.ldksolar.com/