North Coast Solar Stocks

May 26, 2009

LDK Solar Partners With ESPE on PV Projects in Italy

Filed under: LDK — Tags: , , , — Jason @ 4:05 pm

Tuesday May 26, 2009, 4:05 pm EDT

XINYU CITY, China and SUNNYVALE, Calif., May 26 /PRNewswire-FirstCall/ — LDK Solar Co., Ltd. (LDK), a manufacturer of multicrystalline solar wafers, today announced that it has entered into an agreement with ESPE Srl, a leading system integrator within the PV sector, to develop PV plants in the Apulia region of Italy. Construction has commenced on the first of five plants totaling 5 MW. LDK Solar will supply wafers for the PV project and ESPE will provide engineering, procurement, and construction services and system integration.

“We are very excited to expand LDK Solar’s presence into Italy,” stated Xiaofeng Peng, Chairman and CEO of LDK Solar. “The PV market in Italy is one of the most interesting European markets and is forecast to grow significantly over the next three years. Our agreement with ESPE is a strategic milestone for us as we strengthen our position in the PV power plants market in Europe and continue to build a foundation to capture future opportunities.”

“We are pleased to work with LDK Solar on the development of these PV plants,” stated Tiziano Meneghetti, Founder and President of ESPE Group. “We believe the PV market in Italy has strong potential and we look forward to working together to capitalize on the growing opportunities.”

About ESPE Group

Founded in 1974, ESPE Srl is part of ESPE Group, which is a leading company in electrical and energetic areas. ESPE’s market strategy is to focus on its core business and to provide technologically advanced solutions, from the more traditional energetic systems, like the hydroelectric ones, to the innovative PV systems. With more than 250 systems and over 15 MWp of renewable energy deployed in Italy up to 2008 within the Group’s major projects portfolio, ESPE is leading company in the Photovoltaic area with specialized Sun Tracking Systems.

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