LDK Solar Partners With SAEM-Kerself Group for Development of PV Plants in Italy

Wednesday, Jul 01, 2009

LDK Solar Co., Ltd., a leading manufacturer of multicrystalline solar wafers, today announced that it has signed an agreement with SAEM Srl ("SAEM"), a primary system integrator within the PV sector, to build five one-megawatt ("MW") PV plants in the Apulia region of Italy. Construction will start in July and is expected to be completed by November of this year. LDK Solar will supply wafers for the PV project and SAEM will provide engineering, procurement, and construction services and system integration.

"We are very eager to increase LDK Solar's presence in Italy," stated Xiaofeng Peng, Chairman and CEO of LDK Solar. "The Italian PV market continues to be one of the most interesting in Europe and is forecasted to grow significantly over the next three years. Our agreement with SAEM is another noteworthy achievement for us as we work to strengthen our position in the PV power plants market in Europe and continue to build our foundation to capture future opportunities."

"We are proud to work with LDK Solar on the development of PV plants," stated Francesco Maggi, CEO of SAEM group. "We believe that this partnership with LDK Solar reinforces the connection between SAEM and the world of PV manufacturing in a market that has strong potential. We look forward to working together on future projects to further capitalize on the growing opportunities in this market."

About LDK Solar 

LDK Solar Co., Ltd. is a leading manufacturer of multicrystalline solar wafers, which are the principal raw material used to produce solar cells. LDK Solar sells multicrystalline wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. In addition, LDK Solar provides wafer processing services to monocrystalline and multicrystalline solar cell and module manufacturers. LDK Solar's headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. LDK Solar's office in the United States is located in Sunnyvale, California.

About SAEM - Kerself S.p.A. group (MIB: KRS)

SAEM, is a leading Italian company operating in the PV sector since 1998. The work of research and design of a team of 10 engineers supported by 80 highly skilled installers, has rapidly made SAEM the reference point of photovoltaic systems in Italy. The nominal power of plants, designed and already installed by SAEM throughout the national territory, today exceeds several MWs, all equipped with surveillance and monitoring apparatus. The SAEM business success led Kerself Group, listed in Milan stock exchange (KRS), to acquire 55% of SAEM property.

 

Source: LDK Solar