Friday, March 13, 2009

Q-Cells & LDK Solar Announce Collaboration in European PV Stations

XINYU, Mar 12, 2009 - Jiangxi LDK Solar Hi-Tech Co., Ltd. (NYSE: LDK), a polycrystalline silicon wafer giant in China, plans to march into the European photovoltaic (PV) station realm, and the world's top solar cells maker Q-Cells SE will be selected as its partner.

Presently, the global silicon wafer and polysilicon prices are on the slump, so the company decides to adjust its development strategy, and this move is expected to be a new profit-making resource. It never built a presence in the PV station sector in the past.

The win-win cooperation will help LDK Solar and Q-Cells win more orders, once the silicon market warms up, estimated a securities researcher, adding that they can save more construction costs, after the joint-venture PV station takes shape.

With a total registered capital of USD 110.95 million, LDK Solar started running in the southern Chinese city of Xinyu, Jiangxi Province, in April 2006, and three months later, its monthly production capacity footed up to 100MW.

See the original article here

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