LDK Solar Partners with ESPE to Develop PV Plants in Italy

Trading Markets/May 27, 2009

LDK Solar, a manufacturer of multicrystalline solar wafers, has entered into an agreement with ESPE, a system integrator within the photovoltaic sector, to develop photovoltaic plants in the Apulia region of Italy.

Construction has commenced on the first of five plants totaling 5MW. LDK Solar will supply wafers for the photovoltaic (PV) project and ESPE will provide engineering, procurement, and construction services and system integration.

Xiaofeng Peng, chairman and CEO of LDK Solar, said: "We are very excited to expand LDK Solar's presence into Italy. The PV market in Italy is one of the most interesting European markets and is forecast to grow significantly over the next three years."

Tiziano Meneghetti, founder and president of ESPE Group, said: "We are pleased to work with LDK Solar on the development of these PV plants. We believe the PV market in Italy has strong potential and we look forward to working together to capitalize on the growing opportunities."

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