Global Leader in International Renewable Industry News

posted in:

LDK Solar - www.youroilandgasnews.com

LDK Solar announces development of 12 MW PV project in Italy

Monday, Nov 12, 2012

XINYU CITY, China and SUNNYVALE, Calif., Nov. 9, 2012 /PRNewswire/ -- LDK Solar Co., Ltd. ("LDK Solar") (NYSE: LDK), a leading vertically integrated manufacturer of photovoltaic (PV) products, today announced that its subsidiary company, Solar Green Technology ("SGT") of Italy, has completed design and construction of a 12 megawatt (MW) PV project known as "Century."

The Century project consists of industrial rooftop PV plants ranging between 300 and 1,000 kilowatts (kW), located throughout Italy. A portion totaling approximately 7.8 MW of this project has been completed and 40% of the financing was provided by LDK Solar. These projects will benefit from the Fourth Conto Energia, which was issued in May 2011 by the Italian Ministry of Economic Development and the Ministry of Environment, and provides incentives based on the type and size of the PV system.

"We are pleased to expand our presence in Italy's solar market through this project.  The completion of these projects demonstrates the existing demand for solar power in Italy and we look forward to continuing to broaden our relationships in this region," stated Xingxue Tong, President and CEO of LDK Solar.

"This project is one of the largest rooftop PV plants.  The strategic partnership between the parties involved confirms that the integration and cooperation among industry players, such as module manufacturers, EPC contractors and financial operators, can lead the development and implementation of projects in Italy with a goal of moving toward grid parity," stated Angelo Prete, Managing Director of Solar Green Technology.

About LDK Solar (NYSE: LDK)

LDK Solar Co., Ltd. (NYSE: LDK) is a leading vertically integrated manufacturer of photovoltaic (PV) products. LDK Solar manufactures polysilicon, mono and multicrystalline ingots, wafers, cells, modules, systems, power projects and solutions. LDK Solar's headquarters and principal 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. For more information about LDK Solar and its products, please visit www.ldksolar.com .

About Solar Green Technology

Solar Green Technology is a corporation company, based in Milan, which operates in the photovoltaic industry in the design, installation and construction of turnkey plants, either on the roof or on the ground. In July 2009, it became part of LDK Solar Co. Ltd.  Within LDK Solar, SGT is controlled by SPI Solar, a company operating as a global developer and EPC contractor in the construction of turnkey PV systems.

Source: LDK Solar Co., Ltd.

posted in:

Other Renewable News

Trina Solar announces grid connection for 23.8 MW PV projects in UK 18-04-2014
Hannon Armstrong ("HASI") and Sol Systems collaborate to deploy up to $100 million of debt financing for distributed solar project developers in 2014 18-04-2014
EasySolar announces the all-in-one solar power solution 17-04-2014
Three International wind power exhibitions to take place in Shanghai in July 2014 17-04-2014
Bharat Light & Power selects OSIsoft PI System to support renewable energy growth in India 17-04-2014
JinkoSolar successfully connects two solar PV projects totaling 39MW to the grid in Jiangsu Province 17-04-2014
Yingli Green Energy signs cooperation agreement with Sailing Capital to jointly form a one billion RMB renewable energy fund 17-04-2014
IBERDROLA INGENIERÍA in Russia to construct the 1,020 MW substation for the Votkinskaya hydropower station 17-04-2014
Silver Fox® labels exhibit excellent results in latest long-term UV tests 16-04-2014
Introducing Trinity, a portable wind turbine power station for charging USB devices 16-04-2014