LDK Solar signs PV solar deal with Yancheng City of Jiangsu Province

26 August 2009

LDK Solar, a manufacturer of multicrystalline solar wafers, has entered into an agreement with Yancheng City of Jiangsu Province for the development of photovoltaic power projects.

Under the terms of the agreement, LDK Solar will develop a number of photovoltaic power projects, including photovoltaic ground-power stations, and roof and building integration systems totaling up to 500MW over the next five years.

‘Yancheng City is currently one of the most important wind power bases in China. Yancheng City possesses the largest coastal area in Jiangsu Province and is rich in natural resources,’ said Li Qiang, mayor of Yancheng City. ‘We plan to partner with LDK Solar to build large ground-power stations to take advantage of wind and photovoltaics as complementary power sources. With the support of the Chinese government and their financial subsidy programs, we hope that our partnership with LDK Solar further increases the development of solar resources and promotes growth of the solar PV industry in Yancheng City.’

Xiaofeng Peng, CEO of LDK Solar, added, ‘We are pleased to partner with Yancheng City on PV projects and participate in the development of the Jiangsu coastal area. We believe that an increasing number of PV application projects will originate in China in the future and we will continue to work to position LDK Solar favorably within China’s rapidly developing PV market.’

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Tags: solar

This story was published on Wednesday, August 26th, 2009 at 10:43 am and is filed under Asia, companies, solar. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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