China — The Chinese solar producer LDK announced this week that its 5,000 MT polysilicon plant has begun commercial production in China. It has another 15,000 MT add-on that will likely be completed in the next six months, said the company.
LDK also announced that it will develop a 1-GW capacity solar cell and 500-MW capacity module facility at a technology park in China. The facility will take about three years to build.
Chinese firms like Suntech, Yingli and LDK have made large capacity expansions in the last couple of years as demand for their products has soared. While some Chinese products are not always bankable in some markets, the banks are becoming increasingly comfortable backing them.
Keep your eyes on Chinese companies. Many of them will be leaders in the increasingly commoditized solar market.