Wednesday, September 9, 2009

LDK's New Poly-Si Plants Online at $25/kg Cost

September 9, 2009

Jiangxi-based multicrystalline wafer maker LDK Solar (NYSE:LDK) put a RMB 12 billion high purity silicon project into production September 8, Beijing Business Today reports. The project has a current production capacity of 5000MT but will reach annual output capacity of 15,000MT after scheduled completion at the end of 2009, said the report quoting company Chairman and CEO Peng Xiaofeng. LDK's silicon costs are below $25 per kilogram at present and will drop below $20 in the near future, according to Peng, adding that he is confident photovoltaic energy costs will match traditional energy generation costs in the next few years.

In January, LDK production at the 15,000MT plant was scheduled to start in the second quarter of 2009 and said in June it would reach 5,000MT capacity in the third or fourth quarter.

See the original article here

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