May 27, 2009

Xinyu City, China: LDK Solar Partners With ESPE on Italian PV Projects

LDK Solar 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 forecasted 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."


Further details about: LDK Solar and ESPE Srl