North Coast Solar Stocks

December 14, 2009

LDK Solar Signs Module Supply Contract With Enfinity

Filed under: LDK — Tags: , , — Jason @ 3:15 am

3:15 am EST, Monday December 14, 2009

XINYU CITY, China and SUNNYVALE, Calif., Dec. 14 /PRNewswire-FirstCall/ — LDK Solar Co., Ltd. (LDK), a leading manufacturer of solar wafers, announced today that it has signed a contract to supply solar modules to Belgium-based Enfinity. Under terms of the agreement, LDK Solar will deliver approximately 50 megawatts (MW) of solar modules to Enfinity in 2010.

“We are very excited to expand our relationship with Enfinity,” stated Xiaofeng Peng, Chairman and CEO of LDK Solar. “This new module sales contract with Enfinity reflects the growing interest and demand for our quality module products from European customers.”

“We are very pleased to secure LDK Solar’s quality modules, the contract reflects one quarter of our total demand for 2010,” stated Gino Van Neer, Board member of Enfinity. “We look forward to further cooperation with LDK Solar as we continue to build our leadership presence in the renewable energy sector.”

About Enfinity

Enfinity, headquartered in Belgium, is a fast-growing and ambitious business, internationally active in renewable energy. As a project specialist, Enfinity looks after the development and financing of in-house solar and wind energy power stations for electricity generation and is currently present in 19 countries in Europe, Asia and North America.

Besides its own project development, Enfinity sells integrated solar installations to companies and individuals. For individuals, this happens through an extensive dealer network which is geographically spread across Flanders and Wallonia.

In 2009 Enfinity will triple the turn-over to 240 million euro and today Enfinity provides work to more than 200 employees. At the beginning of 2009 Enfinity strengthened its international position with an investment of euro 50 million by Waterland investment company.

Belgian site: http://www.enfinity.be – International site: http://www.enfinity.biz

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